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Description
| SESSION | JULY-AUG 2025 |
| PROGRAM | MASTER OF COMMERCE (M COM) |
| SEMESTER | I |
| COURSE CODE & NAME | DCM6105 BUSINESS AND ECONOMIC LAWS |
Set – 1
Q1. Discuss the duties of a bailor and bailee under the Indian Contract Act. 5+5
Ans 1.
Duties of the Bailor
Under the Indian Contract Act, 1872, a bailor is the person who delivers goods to another person (the bailee) for a specific purpose upon a contract that the goods shall be returned or disposed of as per the bailor’s directions. The Act lays down several duties that the bailor must fulfill to ensure fairness and legal balance in a contract of bailment.
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Q2. Write a short note on:
- Sources of Indian Law 5
- Capacity to Contract 5
Ans 2.
- Sources of Indian Law
Indian law is derived from multiple sources that collectively shape the legal system of the country. The primary source of Indian law is the Constitution of India, which is the supreme law and provides the fundamental framework for governance, rights, duties, and powers of institutions. Any law inconsistent with the Constitution is considered void.
Legislation is another significant source of Indian law. Laws enacted by Parliament and State Legislatures govern various aspects of civil, criminal, commercial, and administrative matters.
Q3. Describe the relations of the partners of a firm to one another under the Partnership Act, 1932. 10
Ans 3.
General Principle of Mutual Rights and Duties
The Partnership Act, 1932 governs the internal relationship among partners of a firm. The relations of partners to one another are primarily based on mutual trust, good faith, and contractual understanding. Subject to any agreement between the partners, the rights and duties laid down in the Act apply uniformly. Section 9 of the Act emphasizes that partners must carry on the
Set – 2
Q4. Explain the remedies available to the consumer under the Consumer Protection Act. 10
Ans 4.
Right to Seek Redressal Against Defective Goods and Deficient Services
The Consumer Protection Act provides consumers with the right to seek remedies against defective goods and deficient services. A consumer may file a complaint when goods suffer from defects or services fall short of promised standards. The Act ensures quick and effective redressal through a structured grievance mechanism.
Replacement of
Q5. Discuss the various types of meetings and their provisions under the Companies Act, 2013. 10
Ans 5.
Meaning and Importance of Company Meetings
A meeting under the Companies Act, 2013 refers to a lawful assembly of members, directors, or stakeholders convened for discussing and deciding matters relating to the company. Meetings play a vital role in corporate governance as they provide a formal platform for decision-making, approval of policies, and protection of shareholder interests. The Act prescribes different types of meetings with specific provisions regarding notice, quorum, voting, and resolutions.
Annual General Meeting (AG
Q6. Describe the meaning and civil remedies available for infringement of copyright. 3+7
Ans 6.
Copyright Infringement
Copyright infringement refers to the unauthorized use, reproduction, distribution, communication, adaptation, or translation of a copyrighted work in violation of the exclusive rights granted to the copyright owner under the Copyright Act, 1957. When any person, without obtaining permission or license from the copyright holder, performs an act that is legally reserved for the owner, such action amounts to infringement. Copyright protects original literary,


