SCHOOL OF MANAGEMENT & COMMERCE

BBA I YEAR II SEMESTER

[MR24-1BM0109]
BUSINESS LAWS AND ETHICS
QUESTION BANK
Q.No Question Marks Section

Define a contract as per the Indian Contract

1 8 Section-I
Act, 1872. What are its essential elements?
Differentiate between void, voidable, and
2 8 Section-I
illegal contracts with suitable examples.
What is consideration in a contract? Explain
3 the key features of Consideration with 8 Section-I
examples?
Define and differentiate between offer and
4 acceptance. Explain the legal rules regarding 8 Section-I
a valid offer and acceptance.
Explain the different types of contracts
5 8 Section-I
based on enforceability?
What do you mean by performance of a
6 8 Section-I
contract. Discuss in detail.
Discuss the concept of Quasi-Contracts. Section-I
7
How are they different from Express and 8
Implied contracts? Provide examples.
What do you understand by discharge of
8 contract? Explain the different ways in 8 Section-I
which a contract can be discharged.
Explain the remedies available for breach of
9 contract under the Indian Contract Act, 8 Section- I
1872.
A enters into an agreement with B to supply
goods. Later, due to unforeseen legal
10 changes, the contract becomes void. Explain 8 Section -I
why the contract is void and discuss the
principle involved.
Define a contract of sale as per the Sale of
Goods Act, 1930 and differentiate between
11 8 Section -II
sale and agreement to sell with suitable
examples.
Explain the different types of goods under
12 8 Section -II
the Sale of Goods Act, 1930.
What do you mean by transfer of
13
ownership? How does it differ from 8 Section -II
possession?
 Define conditions and warranties. How do
14 8 Section -II
they impact a contract of sale?
What are the duties of the buyer and seller in
15 8 Section -II
the performance of a contract of sale?
Explain the rules regarding transfer of
16 ownership in the case of specific, 8 Section -II
unascertained, and future goods?
What is the right of an unpaid seller?
17 Explain lien, stoppage in transit, and resale 8 Section -II
with examples.
Discuss the concept of implied conditions
18 8 Section -II
and warranties in a contract of sale.
What are the legal provisions related to
19 auction sales under the Sale of Goods Act, 8 Section -II
1930?
A sold 100 bags of rice to B, but before
delivery, a fire in A’s warehouse destroyed
all the goods. B refuses to pay, arguing that
20 8 Section -II
he never took possession. Discuss who bears
the loss and explain the legal principles
involved.
Define a company as per the Companies
21 Act, 2013. What are its essential 8 Section- III
characteristics?
Differentiate between private company and
22 8 Section- III
public company with examples.
What are the different classifications of
23 8 Section- III
companies based on liability and control?
Explain the process of company formation
24 8 Section- III
under the Companies Act, 2013.
Define Memorandum of Association (MoA).
25 8 Section- III
What are its key contents?
What is a prospectus? When is it issued, and
26 8 Section- III
why is it important?
Discuss the difference between
27 Memorandum of Association (MoA) and 8 Section- III
Articles of Association (AoA).
Explain the rules and legal provisions
28 related to shareholder meetings and board 8 Section- III
meetings under the Companies Act.
Explain the role of directors in company
management, their types, legal position,
29
qualifications, and appointment process 8 Section- III
under the Companies Act.
 A company issues a prospectus stating that it
has secured a government contract, but later
it is found to be false. Investors who bought
30 8 Section- III
shares based on this information suffered
losses. Discuss the legal implications and
possible actions investors can take.
Define Negotiable Instruments as per the
31 Negotiable Instruments Act, 1881. What are 8 Section- IV
their key characteristics?
What is a Promissory Note? Explain its
32 8 Section- IV
essential features with an example.
Define a Bill of Exchange. How does it
33 8 Section- IV
function in commercial transactions?
What is a Cheque? How does it differ from a
34 8 Section- IV
Bill of Exchange?
Explain the meaning and importance of
35 8 Section- IV
crossing a cheque.
What are the different types of Negotiable
36 8 Section- IV
Instruments recognized under the Act?
Differentiate between Promissory Note, Bill
37 of Exchange, and Cheque based on legal 8 Section- V
definitions and usage.
Discuss the essential features of a Bill of
38 8 Section- V
Exchange and explain the parties involved.
What are the different types of crossing of
39 8 Section- V
cheques? Explain with examples.
A issues a cheque to B for ₹50,000, but later
realizes that he does not have sufficient
balance in his account. The cheque gets
40 8 Section- V
dishonored. What legal remedies does B
have under the Negotiable Instruments Act,
1881?
Define Ethics. Why is it important in
41 8 Section- V
personal and professional life?
What are the Seven Principles of Public
42 8 Section- V
Life? Briefly explain each.
 How does Selflessness and Integrity
43 CO5 Moderate 8 Section- V
contribute to ethical decision-making?
Differentiate between Ethics and Law. Why
44 CO5 Complex 8 Section- V
is it important to follow both?
What is the significance of Accountability
45 CO5 Moderate 8 Section- V
and Openness in ethical leadership?
Explain the role of Honesty and Leadership
46 CO5 Moderate 8 Section- V
in maintaining ethical business practices.
Discuss how ethical dilemmas arise in
47 CO5 Complex 8 Section- V
business and how they can be resolved.
Discuss the challenges of enforcing ethical
48 CO5 Complex 8 Section- V
standards in a global business environment.
Discuss the importance of ethics in
49 corporate governance and social CO5 Complex 8 Section- V
responsibility.
A company discovers that one of its top
executives has been manipulating financial
statements to attract investors. If exposed,
50 CO5 Complex 8 Section- V
this could damage the company’s reputation
and share prices. What ethical principles
should guide the company's response?