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13 Legal Aspects of Business Question Papers

Here you can find sample Legal Aspects of Business Question papers. We have refereed previous LAB question papers of Pune University MBA course for these sets.

Hope these sample question papers of Legal Aspects of Business will help you in exam preparation. These papers may help students of MBA, BBA, B Com, M Com and PGDM.

LAB Question Papers Set 1

Instructions to the candidates:

  • Attempt any four questions from Q.No. 1 to Q.No. 6.
  • Q.No. 7 is compulsory.
  • All questions carry equal marks.

Q1. Explain the essential characteristics of a valid contract.

Q2. Define the term ‘misrepresentation’ distinguish it from fraud.

Q3.  Define unpaid seller. What are his rights under the sale of goods Act.

Q4. What is a Bill of Exchange? What are its essential elements.

Q5. Explain composition and jurisdiction of state commission as per consumer protection Act.

Q6. Define the term “offer”. Explain the legal rules regarding a valid offer-

Q7. Write short notes (any two):

a) Caveat Emptor.
b) Quantum Meruit.
c) Goods under the sale of good Act.
d) Unfair Trade Practices.

Legal Aspects of Business Question Paper Set 2

Instructions to the candidates-

  • Answer any four questions from Que.1 to Que.6.
  • Question no. 7 is compulsory.
  • All questions carry equal marks.

Q1. Define consideration. Explain with illustration the exception to the rule “No consideration No contract”

Q2. Discuss the essential elements of a valid contract.

Q3. what do you understand by ‘capacity to contract’? Discuss the law regarding Minor’s agreements.

Q4. Explain the composition and jurisdiction of district forums.

Q5. Explain the duties of “Certifying Authority” under the Information technology Act 2000.

Q6. Define company. Explain the kinds of company.

Q7. Write short notes (any two):

  • a) Promissory note.
  • b) Types of goods under sale of goods Act.
  • c) Digital signature.
  • d) Doctrine of caveat emptor.

LAB Question Paper Set 3

Instructions to the candidates:

  1. Attempt any FIVE questions.
  2. All questions carry equal marks.

Que 1. What is a “Contract” under The Contract Act 1871? What are the essential elements of a valid contract?

Que 2.What are the Rights, Duties and Liabilities of an ‘Agent’ and ‘Principal’?
How & when an Agency is terminated?

Que 3. What is a contract for “Sale of Goods” under the sale of Goods Act 1930? When a transfer of property or ownership completed?

Que 4. What is the importance of “Memorandum of Association” and “Articles of Association of a company? How & when the alterations are allowed?

Que 5. What are the “Unfair Trade Practices” and “Restrictive Trade Practices” under The Consumer Protection Act 1986? Explain with examples.

Que 6. What are the concepts of Patents, Copyrights, Trademarks and Designs under the Patents Act?

Que 7. Write short notes on Any Two:

a) Rights of Indemnity Holder and Indemnifier.
b) Digital signature & certificate.’
c) Prospectus and contents for an IPO.
d) Contracts of Guarantee.

Question Paper of Legal Aspects of Business Set 4

Instructions to the candidates:

i) Attempt any five questions.
ii) All questions are carry equal marks.

Ql) “A contract without consideration is void”. Comment and give exceptions to the rule.

Q2)    Examine critically the rule in Hadley v. Baxendale and indicate to what extent the said rule is applicable in India.

Q3) a) What is a contract of guarantee? State the circumstances in which a surety is  discharged from liability.
b) “The Consumer Protection Act 1986 provides cheap and expeditious remedy to the consumer”.Comment.

Q4) Write notes on:

a) Agency by estoppel.
b) Agency by holding out.
c) Agency by necessity.

Q5)   Explain the nature of a contract of sale of goods and bring out clearly the Distinction between a sale and an agreement to sell.

Q6)  a) State the doctrine of caveat emptor and exceptions to it with help of suitable examples.

Q 6. b) Explain the concept of Authentication of Electronic records using Digital Signature.

Q 7   a] Who is a holder in due course of a negotiable instrument? What are the special privileges of a holder in due course?

Q 7 b] “A certificate of incorporation is conclusive evidence that all the requirements of the Companies Act have been complied with.” Explain.

Q8) Write short notes on ANY THREE:

a) Capacities of Parties.
b) Breach of contract.
c) Conditions and Warranties under the Sales of goods Act 1930. d) Company Meetings.
e) Consumer Protection Councils.

LAB Question Paper Set 5


1) All aquestion carry equal marks.
2) Solve any FIVE questions.
3) Answers in Illegible handwriting will not be checked.

Q1)    What are the essential elements of valid contract under the act? Explain in details.

Q 2)    How & why breach of a valid contract happens? What are the remedies?

Q3)    What are the provisions related to transfer of property & titles under sale of goods Act 1930.

Q4)    What are the negotiable instruments you know? What is the utility explain in details?

Q5)    What are the different types of directors and share holders meetings you know under the Companies act 1956?

Q6)    What is prospectus by a company? Why and how it is made?

Q7)    What are the unfair and Restrictive Trade Practices under the Consumer Protection Act?

Q8)    Write short notes on any two:

i)  Electronic Records under the IT Act.
ii) Consumer Disputes Redress under Consumer Protection Act.
iii) Conditions and warranty under Sale of good Act.
iv) Quasi Contract under the Contract Act.

Hope this set of legal aspects of business question papers will help to understand the structure and nature of questions.

Question Paper Set 6


  • All questions carry equal marks.
  • Attempt any Five questions.
  • Answers in Illegible Handwriting will not be checked.

Q-1) Explain the concepts of offer and Acceptance. Explain the rules regarding offer and Acceptance with appropriate case law.

Q-2) Explain the doctrine of ultra vires and its exceptions with appropriate
Illustrations .

Q-3) Explain the essentials of sale under sale of Goods Act 1930. Distinguish between Sale and Agreement to sale.

Q-4) Explain the following

i) Types of Endorsement
ii) Distinction between Bill of Exchange and Cheque.

Q-5) Explain the object of Information Technology Act along with the following terms.
i) Digital Signature
ii) Electronic Governance.

Q-6) Explain the following.

a) Distinction between contract of Indemnity and Guarantee
b) Discharge of Surety.

Q-8) Write short notes on any two:
i) Provisions regarding Annual General Meeting .
ii) Exceptions to the rule of Nemo Dat Quod Non habet.
iii) Rights of Agents.       iv) Role of promoter in the process of Incorporation of Company.

Question Paper Set 7

Here is the set no. 7 of legal aspects of business question papers set.


  • Attempt any four questions.
  • All questions carry equal marks.
  • Answers in Illegible Handwriting will not be checked.

Q-1) Distinguish between coercion and undue Influence. Explain the essentials of undue Influence.

Q-2) Explain the Importance of Memorandum of Association. Explain in detail the points of Distinction  between Memorandum of Association and Articles of Association.

Q-3) Explain the concept of ‘Nemo Dat Quod Non habet’ under sale of Goods Act along with its    exceptions.

Q-4) Explain the characteristics of Negotiable Instrument. What are the essentials of a bill of  Exchange ?

Q-5) Explain the Qualifications, composition and powers of District Forum under Consumer Protection Act.

Q-6) Explain are the types of breach of contract? Explain the remedies with illustrations.

Q-7) Write Short Notes on any three.
i) Electronic Records.
ii) Types of Guarantee.
iii) Rule of Caveat Emptor and its exceptions.
iv) Auction sale.
v) Kinds of share.

Question Paper Set 8


  • 1) All question carry equal marks.
  • 2) Attempt any Five questions.
  • 3) Answers in Illegible Handwriting will not be checked.

Q-1) What is meant by Impossibility of performance of contract Illustrate it with case law.

Q-2) Explain the characteristics of company. Distinguish with Hindu undivided
family .

Q-3) Define Promissory Note explain with illustrations the various characteristics of
Promissory Note.

Q-4) Do you think that there  is a requirement of amendment in consumer protection Act. Explain the Qualification composition and powers of District Forum.

Q-5) Has the Information Technology Act been successful in curbing the offences under the Act comment.

Q-6) Explain the following:

a) Rule of Hadley V. Baxandale
b) Conditions and warranties.

Q-7) Explain the concept of Agency what are the various modes of creating an Agency.

Q-8) Write short notes on any Two :
a) Wagering Agreements
b) Definition of ‘coercion’
c) Doctrine of Indoor Management
d) Auction sale

Question Paper Set 9


1)     Attempt any four questions.
2)     All questions carry equal marks.

Q-1) Elaborate the concept of ‘Consideration’. What object and consideration are unlawful as per the provisions of Indian Contract Act,1872?

Q-2) “Liability of surety is co-extensive with that of principal debtor” Explain the statement in the light of nature and scope of surety’s liability.

Q-3) Discuss in brief the rules as to when property in goods passes from seller to buyer. Refer relevant laws from sale of Goods Act,1930 as to transfer of property in goods.

Q-4) State and explain the provisions relating to ‘Dishonour of  Negotiable Instruments’  embodied in The Negotiable Instruments Act,1881.

Q-5) Discuss in brief the law relating to liability for mis-statement in the prospectus of a company.

Q-6) Write an explanatory note on “E-Governance” in the light of provisions of Information Technology Act, 2000.

Q-7) Write short notes on any three:
a) Essentials of Fraud.
b) Distinction between ‘Sale’ & ‘Agreement to sell’ goods.
c) Noting of Negotiable Instruments.
d) Salient features of a company.
e) Consumer goods (CPA1986).
F) Remendies of consumer under CPA,1986.

Question paper of Legal Aspects of Business Set 10


  • All questions carry equal marks.
  • Attempt any Five questions.

Q-1) Explain the term ‘Holder’ and Holder in due course. Point out the distinction between the two . Also point out the privileges of holder in due course.             (14)

Q-2) Explain the following:

i) Certifying Authorities under Information Technology Act 2000.

ii) Provisions regarding Accounts and Audit under the Companies Act.   (14)

Q-3) Explain the following:
i) Exceptions to the rule “No Consideration No Contract”.
ii)Consumer Dispute Redressal Agencies.

Q-4) Define Prospectus. What are the contents of the Prospects? Explain civil and criminal liability regarding untrue statement under Companies Act 1956 (14)

Q-5) Explain the following:(14)
i) Condition and Warranties under Sale of Good Act.
ii) Consumer Protection Council

Q-6) a) Explain in detail the law regarding ‘Minor’ under the Indian Contract Act.  (8)

b)“Electronic Records” under Information Technology Act 2000.  (6)

Q-7) Explain the following:   (14)
i) Sec 138of Negotiable Instrument Act.
ii) Sub Agent and Substituted Agent.
Q-8) Explain the following (any two):                                                                    (14)
i) Quasi Contract.
ii) Types of Share Capital.
iii) Rights of unpaid seller.

Question Paper Set 11 (2012)

This is a set no. 11 of Legal aspects of business sample question papers.

Instructions to the candidates:-

  • 1) Solve any 5 out of 7 questions.
  • 2) Each question carries equal marks.

Q1) a) “All agreements are not contracts but all contracts are agreements”.
Comment. [10]

b) Explain the term ‘negotiability’. [4]

Q2) a) Elaborate the implied conditions in contract of sale. [10]
b) Who can authenticate an electronic record? [4]

Q3) a) Write a note on ‘Coercion & undue influence’. [8]
b) Distinguish between ‘share & stock’. [6]

Q4) Elaborate the stages of incorporation & Commencement of Business under the companies Act, 1956. [14]

Q5) What are the “Unfair Trade Practices” & “Restrictive trade practices” under the consumer protection Act 1986? Give suitable examples. [14]

Q6) Explain the concept of ‘Patents’, ‘Copyrights’. & ‘trade marks’ & design.

Q7) a) Who can be considered as consumer? [7]

b) How is agency created? [7]

Question Paper Set 12


  • I) Solve any 5 questions out of 7.
  • 2) Each question carries equal ‘narks.
  • 3) Marks indicated on the right side.

Q1) Define Contract. Explain essentials of a valid contract under the Indian Contract Act. 1872. [14]

Q2) a) Distinguish between contract of sale & agreement to sale. [10]
b) Write note on ‘Auction sale’. [4]

Q3) a) Explain the circumstances where ‘dishonour’ takes place & also explain the remedies. 1101 b) Write a note on ‘Bills of exchange’. [4]

Q4) Explain the various characteristics of the company under the companies Act. 1956. [14]

Q5) Define Consumer. Elaborate the rights conferred on consumers under the consumer protection Act, 1986. [14]

Q6) a) What are the determinants of `E-commerce’ with reference to Information Technology Act 2000. [10] b) Write a note on ‘Digital signature’ [4]

Q7) Write short notes (Any 2) [14]

a) Patents
b) Copy Rights.
c) Trade Marks.
d) Distinction between ‘share & stock’

Legal Aspects of Business Question Paper Set 13

Instructions to the candidates :

1) Q.No. 1 is compulsory.
2) Attempt any 3 questions from remaining questions.
3) Figures to the right indicate full marks.

Q1) a) Define contract. Explain essentials of valid contract. [15]

b) Explain the meaning of Free consent and explain the circumstances when the consent is not free.[10]

Q2) Explain in detail legal provisions relating to rights of unpaid seller. [15]

Q3) What is negotiable instrument? What are the various types of Negotiable Instrument. [15]

Q4) What is Memorandum of Association? Explain the contents of Memorandum of Association. [15]

Q5) Define Consumer. Explain rights of consumers. [15]

Q6) Define Digital signature. Explain its importance in todays world. [15]

Q7) Write short notes (Any 3) [15]

a) Trade mark & designs.
b) Caveate Emptor.
c) Holder & Holder in due course.
d) Duties & liabilities of Agent & principal.

This is all about legal aspects of business question papers for exam preparation and practice.