Assignment-1 (Quiz) - Results Attempt 1 of 2 ‘written Dec 19, 2024 5:94 PM - Dec 19,2024 5:38 PM Attempt Score 3/3 - 100% Overall Grade (Highest Attempt) 3/3 100% Question 1 ‘Awellinformed approach to Criminal Laws ‘Customs and Traction constitution ve. Business Laws (Question 2 ‘What does the term “Legal Environment of Business" refer to? “Tho technological advancements in business arena ‘The physi! Location of business ‘ve. The legal framework within which businesses operate “The ecanomic conditions affecting the businesses Question 3 ‘What is the primary purpose of Laws in Business? “olimit the competition Vie To promete the ethical conduct of business “o discourage innovation “Torestrct business activities Question 4 ‘The 3 Fs of egal environment are Ye Institutions, Instruments and inividuals Immigrants, Instruments, and Institutes Individuals, migrations and Installation Insitutions, Installations and Incviduals Question 5 ‘what does the term “Law and Society" imply? Laws that ule the people “The relationship between Lawyers and Society ‘ve: The impact of Laws on Social Behaviour “The org of Sociatl norms 0.6/0.6 points a comerstone of sustainable and responsible business practices. 0.8/0 points 0.5/0 points 06/06 points 0.6/0.6 points‘Attempt 1 of2 Written Dec 19,2024 5:38 PM - Dec 19,2024 5:41 PM. Question 1 Consideration na contract. May not move from a stranger. May not be Past May not be measurable in terms of money. ‘v.e) May move from the promisee or any other person. Question 2 Every Promise and every set of promises, forming consideration foreach others ‘AReciprocal Promise A Proposal Contract vie An Agreement Question 3 {All the Contractual obligations ae created by _ vie) The Contracts Legality ofthe Object ‘Quasi Contract ‘The Status of Person Question 4 ‘AProposal when accepted becomes ve Promise offer ‘Acceptance contract Question 5 Attempt Score 3/3 -100% Overall Grade (Highest Attempt) 3/3 100% (06 10.8 points (06 70.6 points (06 /0.8 points 06/06 points (06/0. points ‘Which ofthe following persons DO NOT fall under the category of persons of unsound mind? Lunatic Person ve Allon Enemy Ieiote Person Drunken PersonAssignment-3 (Quiz) - Results x Attempt 1 of 2 Written Dec 19, 2024 10:18 PM - Dec 19, 2024 10:24 PM. ‘Attempt Score 24/ 3-80 % ‘Overall Grade (Highest Attempt) 3/3- 100% (Question t 0.8/0 points Me X. who owes $2000 to Mr. ¥. es leaving an estate of $500. The legal representative of M. Kare: Usb for 1500, Not Liable for any amount LUabe or $2000, vie Uisble for $500 (Question 2 08/06 points Performance of Contract means ‘ve Performing al the promises an futiing all the obligations by al the partes Futing unconditionally by a party Fulftingalthe obligations by promisor Futing athe obligations by a party Question 3 0.6/0.6 points ‘Acontract has become moe ficult to performance due to some uncontemplated events oF delays. The Contract Is Discharged Becomes Voidable Becomes Void vee bsnot Discharged (Question 4 0.6/0 points ‘The Labltyof te surety arises, when the: Surety is eimbursed by debtor. ‘Y-« Principal Debtor commits default in payment Cour directs surety to pay. Creditor fis to recover anything from the principal debtor. Question 5 (0/06 points \where the performance of a Promise by one party depends on te price perfrmance of Promise bythe ‘other party, such reciprocal promises fall under the category of ‘Conditional and Dependent Mutual and Concurrent + Mutual and independent Constional and Independent‘Attempt 2 0f2 \Writan Dec 29,2024 10:25 PM - Dec 19, 2024 10:31 PM Attempt Score 3/3 - 100% (Overall Grade (Highest Attempt) 3 /3- 100% Question 1 06 /0.8 points ‘contract ofIndemrity sa. Voidable Contract Quasi Contract ve Contingent Contract Wagering Contract Question 2 (06 10.8 points ‘A contracts dscharged by Aeration ‘vie When one ormore ofthe terms of contract are changed When a party waves his rights under the contract ‘When anew contract fe substituted forthe existing one [When a party rescind the contract Question 3 (06 /0.8 points ‘Where time is the essence ofthe contact and the promis falls to perform his promise well within ine, then the contract becomes Void vie Voidable Mega Implied (Question 4 (06 /0.8 points ABalleehas No lien at all over the good bailed ‘Aight of general en vie Arigt of particular lien over the goods balled, ‘Aight of both particular and general en Question 5 (06/0. points ‘The promises which are to be performed simultaneously are called a? "Mutual and independent Conditional and Dependent vie) Mutual and Concurrent Conditional and independentAssignment-5 (Quiz) - Results x ‘Attempt 1 of2 Witton Dec 19,2024 10:36 PM - Dec 19, 2024 10:40 PM. Attempt Score 3/3 -100% Overall Grade (Highest Attempt) 3/3 100% Question 1 (06 10.8 points ‘The rbtion betwoon partners arises From legal provisions From mutual understanding vie) From a contact From status Question 2 (06 70.6 points ‘The doctrine of ‘Caveat Emptor means vie Lette Buyer beware Let the Seller beware Let the Creltor beware Lot the Buyer beware and take 2 chance Question 3 (06 /0.8 points -Apartnership fem for completing a particular venture is aed A fixe term Partnership Ve Particular Partnership General Partnership Partnership a wil Question 4 06/06 points ‘Aperson who ls directed to pay the amount of bil of exchange is known 25? ve Drawee Drawer Creditor Payee Question 5 (06/0. points ‘Apetson becomes ‘holder in due couse’ ofa negotiable instrument if he receives it ‘Vie In good Fath: before maturity, and for value Fora value and good faith In good faith only Before maturity and for a valve‘Attempt 1 of 2 \Writan Dec 19,2024 10:40 PM - Dec 19, 2024 10:46 PM. Attempt Score 3/3 - 100% (Overall Grade (Highest Attempt) 3 /3- 100% Question 1 06 /0.8 points “The goneral procedure for alteration of articles by passing Ye) Special Resolution ‘Oxtinary Resolution ‘Spectal Resolution duly approved by CLB ‘Ontinary Resolution duly approved by CLE Question 2 (06 10.8 points ‘Whats the purpose ofthe Memeorandum of Assocation (Mo ofa company? vie Htoutnes the company's objectives and powers. In detals the company’ ancl statements It provides information about the companys directors It is recon of the companys shareholders Question 3 (06 /0.8 points ‘statutory company isthe one, which i incorporate: By an Act ofPallament By and Act of state legislature Under the Companys Act vie Byeither Act of Parliament or Stat legislature Question 4 (06/0. points Persons who take the procedural stop to set up 2 company and who make business decisions are ealed Directors Shareholders Members Vow Promoters Question 5 (06/0. points ‘Acompanyis shares canbe transfered ‘othe shareholders only ‘othe Directors only ‘othe creditors vie Toany person‘Assignment-7 (Quiz) - Results x ‘Attempt 1 of 2 Written Dec 29, 2024 10:46 PM - Dec 19, 2024 10:49 PM. Attempt Score 3/3 - 100% Overall Grade (Highest Attempt) 3 /3- 100% (Question t (06 /0.8 points ‘AProcess Patent means vie) Manufacturing proces is patented ‘The newly developed products patented Inventions patented ‘The end product patented (Question 2 (06 /0.6 points Which ofthe following is NOT aright ofa consumer under the Consumer Protection Act? Vie Right to be Presented Right 0 Safety Right to Choose Right tobe Informed Question 3 (06/0. points ‘The consumer has a rlaht to file complaint and tobe heard incase of dissatisfaction with a good oF servic, This i known as: Right o Safety Right to Choose Right tobe Informed ve Right to be Heard Question 4 (06 10.6 points ‘The Consume Protection Acts significant to vie AllGoods and Services Movable Goods Immovable Goods Particular Gods and Services ‘Question 5 (06/0. points ‘The consumer has aight to have complet information about the product he intends to buy including its Ingredients, date of manufacture, price, quantity, drectons for use, et. This i known as: Right tobe Heard Right o Safety Right to Choose ie Right to be Informed