BBM 5th Semester
Legal Environment Of Business Board Question Paper 2022

TRIBHUVAN UNIVERSITY
FACULTY OF MANAGEMENT
Office of the Dean
January 2022
Full Marks:60 Pass Marks:30 Time:3 Hrs.
BBM /
Fifth Semester /
MGT 314:
Legal Environment Of Business

Candidates are required to give their answers in their own words as for as practicable.
The figures in the margin indicate full marks

Long Answer Questions
Section "A"

Brief Answer Questions:

[6 × 1 = 6]
1.

Mention the role of offer in a contract.

2.

What are future goods?

3.

Define term 'Consideration'.

4.

What is contingent contract?

5.

Define substituted agent.

6.

List out the types of Law.

Section "B"

Descriptive Answer Questions:

[6 × 3 = 18]
7.

Briefly explain the power and authority of auditor in a Company.

8.

Who is Surety? List out the right and duties of the surety.

9.

What are the major features of Electronic Transaction Act, 2063? Explain briefly.

10.

Explain the finder of lost goods including rights and duties of finder of lost goods.

11.

What is acceptance? Explain the rules regarding it.

12.

"Agreement with disqualified person by law is void". Justify with example.

Section "C"

Problems Solving Questions:

[4 × 6 = 24]
13.

What is contract law? Explain the essential elements of valid contract one by one.

14.

Define different perspective about law and analyze the sources of Business Law with example.

15.

What are negotiable instruments? Show the differences between promissory note and bill of exchange.

16.

Give the meaning of contract of agency. Describe the various modes of creation of contract of agency with example.

Section "D"

Comprehensive Answer Questions:

[12]
17.

Read the following case carefully and answer the questions that follow:
a. Nepal Dairy Development Corporation has published an advertisement at National daily Magazine on March 23, 2022 regarding renting a house for Rs 200,000 (Two Lakh) a month. ABC Pvt.Ltd. which wanted to take house on rent bargained for paying Rs 175,000 (One Lakh Seventy Five Thousand) instead of Rs 200,000 (Two Lakh) a month. Is it valid offer, valid offer, valid acceptance or nothing among two. If not what is this? Interpret logically.
b. Ram purchased a washing machine from Sita. Sita pleaded that the washing machine is in excellent condition although it is old. Ram later on finds that the washing machine does not work at all. Can Ram reject to use the washing machine and recover his money back? Give your logic on the basis of contract of sale.
c. Miss Tulashi promises Miss Aruna to go to Cinema on this Saturday morning show at the Biswojyoti Cinema Hall jamal Kathmandu. Miss Aruna waited Miss Tulashi till the 12:15 PM on the prescribed day but Tulashi did not come to the Cinema hall. Here, Tulashi breached the term of the agreement between them. What will be the legal remedies to Aruna?
d. Sarita gave a car as a contract of bailment for 10 days to Saroj at the rate of Rs 7,000 per day. But Saroj returned it back after 13 days. In this situation, can Sarita claim extra charge with Saroj or not? Give your logic as per the contract of bailment.