DMBA219 LEGAL ASPECTS OF BUSINESS

Description

SESSION	JULY- AUGUST 2025
PROGRAM	MASTER OF BUSINESS ADMINISTRATION (MBA)
SEMESTER	II
COURSE CODE & NAME	DMBA219 LEGAL ASPECTS OF BUSINESS

 

 

Assignment Set – 1

 

 

Q1. Evaluate the significance of each essential element in ensuring the enforceability of a contract under the Indian Contract Act, 1872. 2+8      

Ans 1.

The Indian Contract Act, 1872 lays down the fundamental framework for creating legally binding agreements in India. According to Section 10 of the Act, an agreement becomes a contract only when it is enforceable by law. To be valid, it must fulfill certain essential elements such as offer and acceptance, lawful consideration, capacity, free consent, lawful object, and intention to create legal obligations. Each of these plays a crucial role in ensuring enforceability.

Offer and Acceptance

A valid contract begins with a lawful offer by one party and its unconditional acceptance by the other. The

 

Its Half solved only

Buy Complete from our online store

 

https://smuassignment.in/online-store/

 

MUJ Fully solved assignment available for session Jul-Aug 2025.

 

Lowest price guarantee with quality.

Charges INR 198 only per assignment. For more information you can get via mail or Whats app also

Mail id is aapkieducation@gmail.com

 

Our website www.smuassignment.in

After mail, we will reply you instant or maximum

1 hour.

Otherwise you can also contact on our

whatsapp no 8791490301.

 

Q2. Discuss the different modes of dissolution of a partnership firm under the Indian Partnership Act, 1932.            10       

Ans 2.

Dissolution of a partnership firm refers to the termination of the partnership relationship between all partners, resulting in the closure of business operations and settlement of accounts. The Indian Partnership Act, 1932 (Sections 39 to 47) outlines various modes through which a firm may be dissolved. These include dissolution by agreement, compulsory dissolution, dissolution on contingencies, dissolution by notice, and dissolution by court order.

Dissolution by Agreement (

 

Q3. Assess the importance of each essential element in determining the validity of a contract of sale under the Sale of Goods Act, 1930. 10

Ans 3.

The Sale of Goods Act, 1930 governs contracts of sale of movable goods in India. According to Section 4(1), a contract of sale is an agreement whereby the seller transfers or agrees to transfer the ownership of goods to the buyer for a price. To be valid, the contract must fulfill several essential elements such as two parties, transfer of ownership, goods, price, capacity, and lawful object. These elements

 

 

 

Assignment Set – 2

 

 

Q4. Illustrate how companies in India implement CSR activities in compliance with the provisions of the Companies Act, 2013. 10     

Ans 4.

Corporate Social Responsibility (CSR) in India became a statutory obligation through the Companies Act, 2013. Section 135 of the Act and the Companies (CSR Policy) Rules, 2014, mandate qualifying companies to spend a portion of their profits on socially beneficial activities. The purpose is to encourage corporate participation in inclusive growth, environmental sustainability, and social welfare.

Legal Framework under Section 135

As per Section 135(1), CSR provisions apply to companies having a net worth of ₹500 crore or more, or a

 

Q5. Discuss the rights of consumers under the Consumer Protection Act, 2019. 10     

Ans 5.

The Consumer Protection Act, 2019 was enacted to safeguard the interests of consumers in India and to replace the earlier Act of 1986. It broadens the scope of consumer rights and strengthens the mechanisms for grievance redressal. The Act aims to protect consumers from unfair trade practices, defective goods, and deficient services while ensuring fair competition in the marketplace.

Right to Safety

Consumers have the right to be protected against goods and services that are hazardous to life and property. This right ensures that manufacturers and service providers maintain safety standards.

 

Q6. Explain the concept of a patent and describe the procedure for obtaining one under the Indian Patent Act, 1970. 3+7       

Ans 6.

Concept and Importance of Patent

A patent is a statutory right granted to an inventor for a novel, useful, and non-obvious invention. It provides exclusive rights to manufacture, use, sell, or license the invention for a specific period, usually 20 years. In India, the Patent Act, 1970 governs patent registration and protection, aiming to encourage innovation and technological advancement.

Under Section 2(1)(j) of the