DBB2117 BUSINESS AND CORPORATE LAW

Description

SESSION	JUL – AUG 2026
PROGRAM	BACHELOR OF BUSINESS ADMINISTRATION (BBA)
SEMESTER	03
COURSE CODE & NAME	DBB2117 BUSINESS AND CORPORATE LAW

 

 

Assignment Set 1

 

Q.1. What is crossing of a cheque? Explain the different types of crossing and their significance. (5+5 = 10 Marks)

Ans 1.

A cheque is often used to pay for things without having to carry cash. But with an open cheque, the holder can be at risk in case of loss or theft. Crossing is used for extra security because the payment is made through the banking system rather than as a regular payment over the counter.

Meaning of Crossing

Crossing is the process of drawing certain lines or words across the cheque to regulate the payment thereof.

 

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Q.2. Define a contract of sale and explain its essential elements under the Sale of Goods Act, 1930. (3+7 = 10 Marks)

Ans 2.

While it is common for companies to have business transactions involving the exchange of goods or merchandise, not all exchanges are necessarily legally considered sales. The Sale of Goods Act, 1930 defines what is meant by a contract of sale. It also offers guidelines for the buyers and sellers relationship.

Meaning of Contract of

 

 

 

Q.3. Explain the rights and duties of an agent under the Indian Contract Act, 1872. (10 Marks)

Ans 3.

An agent is a person who works for another person, or represents them in dealings with others. The person represented is the principal. The Indian Contract Act 1872 seeks to strike a balance between this relationship as it demands good conduct from the agents and provides their legitimate financial and professional interests.

Duty to Follow

 

 

Assignment Set 2

 

Q.4. Define a patent. Describe the procedure for obtaining a patent. (3+7 = 10 Marks)

Ans 4.

Patent is a legal privilege issued to an invention by the Patents Act 1970. It gives the holder of the patent the right to stop the particular unauthorised business activities of the patented invention in India. The applicant will, in turn, describe the invention in such a way that others will be able to understand its technical operation.

Patentability and Initial

Q.5. What is the Memorandum of Association? Explain its main clauses and distinguish it from the Articles of Association. (5+5 = 10 Marks)

Ans 5.

A business should have a set of documents that outlines their purpose and the governing rules. They are carried out in the Memorandum of Association and the Articles of Association. Both documents direct the activities of the corporation, but vary in terms of content, legal standing, and the relationship of the members and external parties to the document.

Meaning and Main Clauses of

 

 

Q.6. What is Corporate Social Responsibility? Explain the provisions relating to CSR under the Companies Act, 2013 and discuss its importance for businesses. (5+5 = 10 Marks)

Ans 6.

Corporate Social Responsibility, also known as CSR, refers to the responsibility which a business has towards the society and environment. It links business resources to social development, and promotes responsible behaviours. In India, the CSR obligations are outlined in Section 135 of the Companies Act, 2013, for companies that meet certain financial criteria.

Applicability of CSR