business law inner.pdf · indemnity and guarantee contracts, special contracts-bailment, pledge and...
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www.thebrilliants.in
BRILLIANT’S®
www.thebrilliants.in
Code No.: MP-B.Com.-103
Business LawB.Com. - I Year
Group - ManagementPaper-I
‘. à. CÀM {ejm _mÜ`_ Ho$ EH$sH¥$VZdrZ nmR>çH«$‘mZwgma
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* {dÚmWu ܶmZ X| *AmnH$m àíZ nÌ 3 go³eZ ‘| {d^m{OV hmoJm:
go³eZ A : Am°ãOop³Q>d Q>mBn àíZ : 05 Zå~ago³eZ B : em°Q>© AmÝga Q>mBn àíZ : 10 Zå~ago³eZ C : bm±J AmÝga Q>mBn àíZ : 25 Zå~a
40 Zå~agm‘mݶV: XoIZo ‘| AmVm h¡ {H$ ‘mH}$Q> ‘| CnbãY JmBS>²g ‘| go³eZ
C Ho$ bm±J AmÝga Q>mBn àíZmo§ Ho$ ~mX CÝht àíZm| H$mo ~«oH$ H$aHo$ go³eZB Ho$ em°Q>© AmÝga Q>mBn àíZm| Ho$ ê$n ‘| {X¶m OmVm h¡, {OZ‘| A{YH$m§e‘¡Q>a dhr [a{nQ> hmoVm h¡ Omo {dÚmWu bm±J AmÝga ‘| n‹T> MwHo$ h¢& H$B© ~ma,go‘ àíZ Ho$ em°Q>© AmÝga ‘| Hw$N> ~mV| Eogr Omo‹S> Xr OmVr h¡ Omo Cgr Ho$bm±J AmÝga ‘| H$da Zht hþB©& Eogo ‘| H$Ýâ¶yOZ ~‹T>Vm h¡& àñVwV nwñVH$‘| à˶oH$ Q>m°{nH$ H$mo bm±J AmÝga Ho$ ê$n ‘| H$da H$aZo Ho$ ~mX à˶oH$bm±J AmÝga Q>mBn àíZ Ho$ ~mX Cggo g§~§{YV do g^r em°Q>© AmÝga Q>mBnàíZ {X¶o h¢ Omo A~ VH$ narjm ‘| nyN>o J¶o h¢ ¶m nyN>o Om gH$Vo h¢&BgHo$ Xmo bm^ h¢:
(i) AmnH$mo à˶oH$ Q>m°{nH$ H$m EH$ gånyU© CËVa EH$ hr ñWmZ na EH$~ma n‹T>H$a ¶mX H$aZm h¡&
(ii) Cg Q>m°{nH$ go g§~§{YV g^r em°Q>© AmÝga Q>mBn àíZm| H$s V¡¶marAnZo Amn hmo Om¶oJr d {H$gr àH$ma H$m H$Ýâ¶yOZ Zht hmoJm&h‘ ¶h ‘mZH$a MbVo h¢ {H$ J«oOwEeZ bodb H$m ñQy>S>oÝQ> BVZm Adí¶
g‘PVm h¡ {H$ {H$gr Q>m°{nH$ na 3 Zå~a H$m àíZ Am OmE Vmo ³¶m Am¡a{H$VZm {bIZm h¡&
go³eZ A go g§~§{YV Am°ãOop³Q>d Q>mBn àíZ ^r n¶m©ßV g§»¶m ‘|{X¶o h¢& [a{n{Q>eZ g‘mßV H$aHo$ 'JmJa ‘| gmJa' ^aZo H$m h‘mam à¶mgAmnH$mo Adí¶ AÀN>m bJoJm&
Bgr {dídmg Ho$ gmW!boIH$
'Be a Real Commerce Graduate'
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UNIT 1Indian Contract Act 1872: Definitions, Nature of Contract,Offer & Acceptance, Capacity of Parties to Contract,Free Consent and Consideration, Expressly declaredvoid agreement, Performance of Contracts.
UNIT 2
Breach of Contract, Remedies for Breach of Contract,Indemnity and Guarantee Contracts, Special Contracts-Bailment, Pledge and Agency.
UNIT 3
Negotiable Instrument Act, 1881- Definition, Features,Promissory Note, Bill of Exchange and Cheques, Holderand Holder in Due Course, Crossing of Cheque, Typesof Crossing, Dishonour and Discharge of NegotiableInstruments.
UNIT 4
Consumer Protection Act, 1986: Main Provisions,Consumer Disputes, Consumer Disputes RedressalAgencies.MRTP Act: Meaning, Scope, Importance and MainProvisions.
UNIT 5
Foreign Exchange Management Act, 2000 (FEMA):Objectives and Main Provisions.Intellectual Property Rights Act: Copyright, Patent andTrademark
New Syllabus
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BRILLIANT’S Business Law 5
gånyU© _.à. H$s `y{Zd{g©Q>r Ho$EH$sH¥$V ZdrZ nmR²>`H«$_mZwgma&
g§nyU© {gbo~g H$mo H$da H$aVr EH$_mÌnwñVH$&
gab ^mfm&
Am°ãOopŠQ>d àíZm| H$m g_mdoe&
àË oH$ y{ZQ> Ho$ A§V _| ReviewQuestions.
{d{^ÝZ ¶y{Zd{g©Q>r H$s narjmAm| ‘|nyN>o JE àíZm| H$m g‘mdoe&
T-20 àíZm| H$m g_yh {Og_| goA{YH$m§e àíZ narjm _| nyN>o OmZoH$s g§ mdZm&
Eogo H$B© AZoH$m| Iw{~`m| Ho$ gmW _mH}$Q>_| CnbãY nwñVH$m| _| gd©loð> nwñVH$AmnHo$ hmW _|&
AmnHo$ gwPmdm| H$m ñdmJV h¡&
Mob.: [email protected]
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BRILLIANT’S Business Law 6
ContentsUNIT 1
The Indian contract Act, 1872DEFINITION AND NATURE OF CONTRACT AND
AGREEMENT / AZw~§Y VWm R>hamd H$s n[a^mfm VWm àH¥${V
LONG ANSWER TYPE QUESTIONSQ.1. “All contracts are agreements, but all agreements are
not contracts.” Discuss this statement and point outessential features of a valid contract.""g^r AZw~§Y R>hamd hmoVo h¢, {H$ÝVw g^r R>hamd AZw~§Y ZhthmoVoŸ&"" Bg H$WZ H$s ì`m»`m H$s{OEŸ Ed§ d¡Y AZw~§Y Ho$ Amdí¶H$VËd ~VmBE& [2019, 2018, 2014]
1. Explain the meaning of Contract.AZw~ÝY H$m AW© ñnï> H$s{OE& [2019, 2014, 2011]
KINDS OF CONTRACT / AZw~ÝY Ho$ àH$maLONG ANSWER TYPE QUESTIONS
Q.2. Discuss the different kinds of Contracts with example.AZw~ÝY Ho$ {d{^ÝZ àH$mam| H$mo CXmhaU g{hV g_PmB oŸ&
1. Distinguish between void and voidable contracts.ì`W© VWm ì`W©Zr` AZw~§Y _| A§Va H$s{OE& [2019]
OFFER OR PROPOSAL / àñVmd
LONG ANSWER TYPE QUESTIONSQ.3. Define the term Proposal. Explain the legal provision
of proposal. / àñVmd eãX H$s n[a^mfm Xr{OE& àñVmd Ho$ d¡Ym{ZH$àmdYmZm| H$mo g‘PmB¶o& [2019]
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BRILLIANT’S Business Law 7
1. Give the meaning of offer. / àñVmd H$m AW© ~VmBE&[2019]LONG ANSWER TYPE QUESTIONS
Q.4. Describe the law relating to communication of pro-posal, acceptance and revocation. If offer and accep-tance both are being made on telephone what wouldbe the place of entering into contract? / àñVmd, ñdrH¥${VAm¡a à{Vg§ahU H$m g§dhZ go g§~§{YV H$mZyZ H$m dU©Z H$s{OEŸ&àñVmd Am¡a ñdrH¥${V XmoZm| Qo>br\$moZ na {H$E Om aho h¢, Vmo Š`mg§{dXm _| àdoe H$aZo H$s OJh hmoJr ? [2015, 2011]
1. When is the revocation of proposal made?àñVmd H$m IÊS>Z H$~ {H$¶m Om gH$Vm h¡? [2018]
ACCEPTANCE/ ñdrH¥${VQ.5. Give the meaning of acceptance.
ñdrH¥${V H$m AW© ~VmBE& [2019, 2015, 2012]OR
Define the term acceptance. Explain the Legal provi-sion of acceptance. / ñdrH¥${V eãX H$s n[a^mfm Xr{OE& ñdrH¥${VHo$ d¡Ym{ZH$ àmdYmZm| H$mo g‘PmBE& [2019]CONTRACTUAL CAPACITY OF THE PARTIES
njH$mam| _| AZw~ÝY H$aZo H$s j_Vm `m `mo½`VmLONG ANSWER TYPE QUESTIONS
Q.6. Who can make a valid contract? Discuss the validityof agreement made by a minor. / d¡Y AZw~ÝY H$m¡Z H$agH$Vm h¡? Ad¶ñH$ Ûmam {H$¶o J¶o R>hamdm| H$s d¡YVm H$s {ddoMZmH$s{OE& [2018]
1. "Agreement with minor is void ab initio." Explain.""Ad`ñH$ Ho$ gmW {H$`m J`m R>hamd àma§ go hr ì`W© hmoVm h¡Ÿ&""g_PmBEŸ&
FREE CONSENT/ ñdV§Ì gh_{VQ.7. What is meant by Free Consent? When consent is not
free? [2019, 2015]ñdV§Ì gh_{V go Š`m Ame` h¡? gh_{V H$~ ñdV§Ì Zht hmoVr h¡?
OR
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BRILLIANT’S Business Law 8
Distinguish between Fraud and Misrepresentation.H$nQ> VWm {_Ï`mdU©Z _| A§Va ~VmBEŸ&[2019, 2015, 2014, 2011]
CONSIDERATION/ à{V\$bQ.8. Define Consideration.
à{V\$b H$mo n[a^m{fV H$s{OEŸ& [2018, 2016]LAWFUL OBJECT AND LAWFUL CONSIDERATION
{d{YnyU© CÔoí` Am¡a {d{YnyU© à{V\$c H$s d¡YVmQ.9. Under what circumstances is the object or consider-
ation of a contract deemed unlawful? Give illustra-tions. / {H$Z n[apñW{V¶m| ‘| {H$gr AZw~§Y Ho$ CÔoí¶ VWm à{V’$bAd¡Ym{ZH$ ‘mZo OmVo h¢? CXmhaU Xr{OE& [2016]AGREEMENTS EXPRESSLY DECLARED AS VOID
ñnîQ> ê$n go ì`W© Kmo{fV R>hamdLONG ANSWER TYPE QUESTIONS
Q.10. Discuss the various agreements which are expresslydeclared void by the Indian Contract Act.^maVr` AZw~ÝY A{Y{Z`_ Ho$ A§VJ©V ñnîQ> ê$n go ì¶W© Kmo{fVR>hamdm| H$s {ddoMZm H$s{OEŸ& [2019, 2018, 2015, 2014]
1. Distinguish between void Agreement and Void Contract.ì¶W© R>hamd Am¡a ì¶W© AZw~§Y Ho$ ~rM A§Va {b{IE& [2019]
2. Discuss the characteristics of Wagering Transation.~mOr Ho$ R>hamd Ho$ bjU ~VmBE& [2019]
DISCHARGE OF CONTRACTS/AZw~ÝYm| H$s g_mpßVQ.11. What do you mean by discharge of contract?
AZw~§Y g_mpßV go AmnH$m Š`m Ame` h¡? [2015]OR
Explain obligation of parties to contract on perfor-mance of contract. [2012]AZw~§Y Ho$ {ZînmXZ na AZw~§Y Ho$ njH$mam| H$m CÎmaXm{`Ëd g_PmBEŸ&
Review Questions ............................................... 82 Objective Type Questions .................................. 82
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BRILLIANT’S Business Law 9
UNIT 2
Breach of ContractREMEDIES FOR BREACH OF CONTRACT
AZw~ÝY ^§J H$s Xem ‘| CnMma
LONG ANSWER TYPE QUESTIONS
Q.12. Discuss the remedies available to an aggrieved partyin case of Breach of the Contract.AZw~ÝY ^§J H$s Xem ‘| nr{‹S>V njH$ma H$mo CnbãY CnMmam| H$mdU©Z H$s{OE& [2018, 2015, 2014, 2013, 2011]
1. Point out the remedies against breach of contract.AZw~ÝY ^§J Ho$ à{V CnMma ~VmBE& [2019, 2018, 2012]
2. What do you mean by Breach of Contract?AZw~ÝY ^§J go Amn ³¶m g‘PVo h¢? [2019]
CONTRACT OF INDEMNITY AND GUARANTEEhm{Zajm (j{Vny{V©) VWm à{V^y{V (½`maÊQ>r) Ho$ AZw~ÝY
LONG ANSWER TYPE QUESTIONS
Q.13. What is a contract Indemnity? Discuss the rights ofIndemnityholder and Indemnifier. / hm{Zajm AZw~§Y ³¶mh¡? hm{ZajmYmar VWm hm{ZajH$ Ho$ A{YH$mam| H$s {ddoMZm H$s{OE&
[2019, 2016]
1. Distinguish between indemnity and guarantee.hm{Zajm VWm JmaÊQ>r ‘| A§Va H$s{OE& [2019, 2018]
CONTINUING GUARANTEE/ gVV² à{V^y{V Q.14. What is continuing guarantee? Discuss the different
modes of its revocation. /{MaJm_r (gVV²) à{V^y{V Š`m h¡?BgHo$ {dIÊS>Z H$s {d{^ÝZ ar{V`m| H$m dU©Z H$s{OEŸ&
[2016, 2014, 2013, 2012, 2011]
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BRILLIANT’S Business Law 10
RIGHTS AND DUTIES OF SURETYà{V^y Ho$ A{YH$ma Ed§ Xm{`Ëd
LONG ANSWER TYPE QUESTIONS
Q.15. What are the rights and liability of the sureties?EH$ à{V^y Ho$ H$m¡Z-H$m¡Z go A{YH$ma Ed§ Xm{¶Ëd h¢? [2019]
1. Under what circumstances a surety is discharged fromhis liability?{H$Z XemAm| ‘| à{V^y AnZo Xm{¶Ëd go ‘w³V hmo OmVm h¡? [2019]
DISCHARGE OF SURETY/ à{V^y H$m Xm{¶Ëd go _wº$ hmoZm
LONG ANSWER TYPE QUESTIONSQ.16. Explain the circumstances under which a surety may
be discharged from his liability. / CZ n[apñW{V`m| H$m dU©ZH$s{OE {OZHo$ AÝVJ©V à[V^y AnZo Xm{`Ëd go _wº$ hmo OmVm h¡Ÿ&
1. Write a short note on: "Discharge of Surety". [2019]""à{V^y H$m Xm{¶Ëd go ‘w³V hmoZm"" na g§{jßV {Q>ßnUr {b{IE&
CONTRACT OF BAILMENT / {Zjon H$m AZw~ÝY
LONG ANSWER TYPE QUESTIONSQ.17. Who is Bailor? Explain its rights and duties.
{Zjonr H$m¡Z h¡? CgHo$ A{YH$mam| Ed§ Xm{¶Ëdm| H$m CëboI H$s{OE&[2018, 2014, 2011]
1. What is lien? / J«hUm{YH$ma ³¶m h¡? [2019]2. Define Bailment. / {Zjon H$s n[a^mfm Xr{O¶o& [2019]
PLEDGE/ {Jadr Ho$ AZw~ÝYQ.18. What do you mean by the term Pledge? Explain the
respective rights and duties of Pawnee and Pawner.{Jadr eãX go Amn ³¶m g‘PVo h¢? {Jadr aIZo dmbo VWm aI boZodmbo Ho$ AnZo A{YH$ma VWm H$Îm©ì¶m| H$r ì¶m»¶m H$s{OE& [2016]
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BRILLIANT’S Business Law 11
CONTRACT OF AGENCY/ EOoÝgr Ho$ AZw~ÝY
LONG ANSWER TYPE QUESTIONSQ.19. How is an agency created ? Discuss.
EOoÝgr H$s ñWmnZm {H$g àH$ma hmoVr h¡? g‘PmBE&[2019, 2015, 2012]
1. How is an agent appointed? [2019]EOoÝQ> {H$g àH$ma {Z¶w³V {H$¶m OmVm h¡?
2. Who employs substituted agent?ñWmZmnÝZ EOoÊQ> H$s {Z¶wp³V {H$gHo$ Ûmam H$s OmVr h¡? [2018]
TERMINATION OF AGENCY/ EOoÝgr H$s g_mpßVQ.20. How the agency is terminated? Discuss.
EO|gr H$mo g‘mßV H¡$go {H$¶m OmVm h¡? g‘PmBE& [2019, 2012]
Review Questions ............................................... 123 Objective Type Questions .................................. 123
UNIT 3
The Negotiable InstrumentAct, 1881
NEGOTIABLE INSTRUMENTS: MEANING ANDCHARACTERISTICS / {d{Z‘¶ gmܶ {dboI… AW© Ed§ {deofVmE±
LONG ANSWER TYPE QUESTIONSQ.21. Define Negotiable Instrument and describe its main
characteristics.{d{Z‘¶ gmܶ boInÌ H$s n[a^mfm Xr{OE VWm BgHo$ Amdí¶H$bjUm| H$m dU©Z H$s{OE& [2019, 2018, 2016, 2012]
1. State the types of Negotiable Instruments.{d{Z_` gmÜ` {dboI Ho$ àH$ma ~VmBE& [2019]
2. What is an inland instrument?AÝVX}er¶ {dboI ³¶m h¡? [2019]
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BRILLIANT’S Business Law 12
PROMISSORY NOTE / à{Vkm-nÌQ.22. Define a promissory note and describe its characteri-
stics. [2012]à{Vkm nÌ H$mo n[a^m{fV H$s{O o Ed§ BgH$s {deofVmE§ ~VmBEŸ&
BILL OF EXCHANGE / {d{Z_` {dnÌQ.23. Differentiate between Bill of Exchange and Promissory
Note. / {d{Z¶‘-{dnÌ VWm à{Vkm-nÌ ‘| A§Va ~VmBE& [2018]HOLDER AND HOLDER IN DUE COURSE
YmaH$ Ed§ `Wm{d{Y YmaH$Q.24. Distinguish between a "Holder" and a "Holder in due
course". Explain the rights or privileges granted to aholder in due course under the Negotiable InstrumentAct. / ''YmaH$'' Ed§ ''¶Wm{d{YYmaH$'' ‘| ³¶m A§Va h¡? {d{Z‘¶gmܶ {dboI A{Y{Z¶‘ ‘| ¶Wm{d{YYmaH$ H$mo {X¶o {deof A{YH$mam|H$s ì¶m»¶m H$s{OE& [2018]
CHEQUE / M¡H$LONG ANSWER TYPE QUESTIONS
Q.25. What is Crossing of Cheque? Who can Cross? Stateits kinds. / M¡H$ H$m aoIm§H$Z ³¶m h¡? aoIm§H$Z H$m¡Z H$a gH$Vm h¡?BgHo$ àH$ma ~VmBE& [2019, 2018, 2015]
1. Distinguish between a Bearer Cheque and CrossedCheque. / dmhH$ M¡H$ VWm aoIm§{H$V M¡H$ ‘| A§Va ~VmBE& [2019]
2. Explain the meaning of special crossing.{deof aoIm§H$Z H$m AW© g_PmBEŸ& [2015, 2012]
3. What is Cheque? Explain its characteristics.M¡H$ Š`m h¡? BgH$s {deofVmE§ ~VmBEŸ& [2014, 2011]
NEGOTIATION AND ENDORSEMENT OF INSTRUMENTSBÝñQ®>_|Q²>g H$m ZoJmo{eEeZ Ed§ E§S>mog©_|Q>
LONG ANSWER TYPE QUESTIONSQ.26. Define Endorsement. Explain with illustration the dif-
ferent kinds of endorsement of negotiable instruments.n¥ð>m§H$Z H$s n[a^mfm Xr{OE& n¥ð>m§H$Z Ho$ {d{^ÝZ àH$ma Ho$ n¥ð>m§H$Zm|H$mo CXmhaU XoH$a ñnîQ> H$s{OE& [2019]
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BRILLIANT’S Business Law 13
DISHONOUR OF A NEGOTIABLE INSTRUMENT{d{Z_` gmÜ` {dboI H$m AZmXaU
Q.27. What is dishonour of a cheque? Explain thecircumstances in which a banker can dishonour acheque of his customer. Discuss the effect of dishonour.MoH$ H$m AZmXaU ³¶m h¡? CZ n[apñW{V¶m| H$s ì¶m»¶m H$s{OE,{OgHo$ A§VJ©V EH$ ~¢H$a AnZo J«mhH$m| Ho$ Mo³g H$m AZmXaU H$agH$Vm h¡? AZmXaU Ho$ à^md H$s MMm© H$s{OE& [2018]
1. What do you mean by Dishonour of Negotiable Instru-ment?{d{Z‘¶ gmܶ boInÌm| Ho$ AZmXaU go ³¶m Ame¶ h¡? [2019]
2. What is Dishonour of Negotiable Instrument?{d{Z_` {dnÌ H$m AZmXaU Š`m h¡? [2013]DISCHARGE OF AN INSTRUMENT AND A PARTY
{dboI Ed§ njH$mam| H$s Xm{`Ëd go _w{º$Q.28. What is meant by Discharge of an Instrument and
Discharge of Party? Distinguish between these two.{dboI Ed§ njH$mam| H$s Xm{`Ëd go _w{º$ H$m Š`m AW© h¡? {dboI H$s_w{º$ Ed§ njH$mam| H$s _w{º$ _| AÝVa H$s{O oŸ&
1. What are the different modes of discharge of aninstrument? / {dboI H$s _wpŠV Ho$ {d[^ÝZ àH$ma H$m¡Z-H$m¡Z go h¢?
Review Questions ............................................... 156 Objective Type Questions .................................. 156
UNIT 4
4.1 The Consumer ProtectionAct, 1986
Q.29. What is Consumer Protection Act, 1986? Describe themain provisions briefly. / Cn^moŠVm g§ajU A{Y{Z`_, 1986Š`m h¡? BgHo$ à_wI àmdYmZm| H$m g§jon _| dU©Z H$s{OEŸ&
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BRILLIANT’S Business Law 14
DEFINITIONS OF VARIOUS TERMS / {d{^ÝZ eãXm| H$s n[a^mfmE§Q.30. Define the following terms used in Consumer
Protection Act, 1986: / Cn^moº$m g§ajU A{Y{Z`_, 1986 _|Cn`moJ {H$ o JE {ZåZ{b{IV eãXm| H$mo n[a^m{fV H$s{O o:
(i) Appropriate Laboratory / C{MV à`moJembm(ii) Complainant / n[admXr [2019, 2012](iii) Complaint / n[admX(iv) Consumer / Cn^moº$m [2019, 2018, 2016, 2012](v) Goods / _mb (vi) Manufacturer / {Z_m©Vm
(vii) Person / ì`{º$ (viii) Services / godmE§ [2018](ix) Unfair Trade Practices / AZw{MV ì`mnma ì`dhma [2014, 2011](x) Consumer Dispute / Cn^moº$m {ddmX(xi) Defect / Xmof(xii) National Commission / amï>r` Am`moJ(xiii) Restrictive Trade Practices / à{V~§YmË_H$ ì`mnma ì`dhma(xiv) District Forum / {Ocm \$moa_(xv) State Commission / amÁ` Am`moJ(xvi) Trader / ì`mnmar (xvii) Deficiency / AnyU©Vm
CONSUMER PROTECTION COUNCIL/ Cn^moº$m g§ajU n[afX²²Q.31. What is the Central Consumer Protection Council? State
the objectives of this council. / Ho$ÝÐr` Cn^moŠVm n[afX² Š`mh¡? Bg n[afX² Ho$ CXoí`m| H$m CëboI H$s{OEŸ& [2014, 2011]
1. What is the Central Consumer Protection Council?Ho$ÝÐr` Cn^moŠVm g§ajU n[afX² Š`m h¡? [2019, 2015]CONSUMER DISPUTES REDRESSAL AGENCIES
Cn^moº$m {ddmX à{VVmof EOoÝgrQ.32. What is National Commission in Consumer Protection
Act? Describe its constitution, scope and procedureof disposal of complaints.Cn^mo³Vm g§ajU A{Y{Z¶‘ Ho$ AÝVJ©V amï>r¶ Am¶moJ ³¶m h¡?BgHo$ JR>Z, H$m¶© joÌ Ed§ {eH$m¶Vm| Ho$ {ZdmaU H$s H$m¶©{d{Y H$mdU©Z H$s{O¶o& [2019]
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BRILLIANT’S Business Law 15
1. What is National Commission? [2019, 2015]amï>r¶ Am¶moJ ³¶m h¡?
Review Questions ............................................... 181 Objective Type Questions .................................. 181
4.2 MRTP Act, 1969MRTP ACT / MRTP EŠQ>
LONG ANSWER TYPE QUESTIONSQ.33. Evaluate the main provisions of MRTP Act and dis-
cuss its objects. [2019][2019]EH$m{YH$ma Ed§ à{V~ÝYmË‘H$ ì¶mnma ì¶dhma A{Y{Z¶‘ Ho$ à‘wIàmdYmZm| H$m ‘yë¶m§H$Z H$s{OE Ed§ Bg A{Y{Z¶‘ Ho$ CÔoí¶ ~VmBE&
1. Describe the key features of the MRTP Act. [2019]MRTP A{Y{Z¶‘ H$s à‘wI {deofVmAm| H$m dU©Z H$s{O¶o&
2. What is unfair trade practice?AZw{MV ì¶mnma ì¶dhma ³¶m h¡? [2019]
Review Questions ............................................... 191 Objective Type Questions .................................. 191
UNIT 5
5.1 Foreign ExchangeManagement Act, 2000
MAIN FEATURES OF FEMA / FEMA H$s _w»` {deofVmE±Q.34. Explain the salient features of Foreign Exchange Man-
agement Act, 2000 (FEMA). / ’$m°aoZ E³gM|O ‘¡ZoO‘|Q> E³Q>,2000 (FEMA) H$s à‘wI {deofVmE§ ~VmBE& [2015]
1. What is 'FEMA'? / 'FEMA' ³¶m h¢? [2019, 2016, 2014, 2013]2. Write the difference between FERA and FEMA. [2019]
FERA Am¡a FEMA ‘| A§Va {b{IE&
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BRILLIANT’S Business Law 16
IMPORTANT DEFINITIONS / _hÎdnyU© n[a^mfmE±Q.35. Explain the following definitions:
{ZåZ{b{IV n[a^mfmAm| H$mo g‘PmB¶o…(i) Authorised Person / A{YH¥$V ì¶p³V [2015, 2011](ii) Currency / H$aoÝgr(iii) Person / ì¶p³V(iv) Service / godm(v) Security / à{V^y{V(vi) Foreign Exchange / {dXoer {d{Z‘¶ [2011](vii) Indian Currency / ^maVr¶ H$aoÝgr(viii) Person resident in India / ^maV Ho$ {Zdmgr [2019]
REGULATION AND MANAGEMENT OF FOREIGN EXCHANGE’$m°aoZ E³gM|O H$m aoJwboeZ Ed§ ‘¡ZoO‘|Q (SEC. 3 TO 9)
Q.36. State the main provisions of FEMA with regard to regu-lation and management of foreign exchange.FEMA Ho$ ’$m°aoZ E³gM|O Ho$ aoJwboeZ Ed§ ‘¡ZoO‘|Q> gå~ÝYr à‘wIàmdYmZm| H$m CëboI H$s{OE& [2018, 2014, 2011]
CONTRAVENTIONS AND PENALTIES UNDER FEMA 2000FEMA 2000 Ho$ A§VJ©V Cëc§KZ Ed§ X§S [SEC. 13 TO 15]
LONG ANSWER TYPE QUESTIONSQ.37. Describe in brief the provisions of Foreign Exchange
Management Act as to contravention and penalties.{dXoer {d{Z‘¶ à~§YZ A{Y{Z¶‘ Ho$ Cëb§KZ Ed§ XÊS> Ho$ g§~§Y ‘|àmdYmZm| H$m g§jon ‘| dU©Z H$s{OE& [2019, 2018]
ADJUDICATION AND APPEAL / {ZU© Am¡a AnrcQ.38. Describe the provisions relating to Adjudication and
Appeal of the FEMA 2000. / FEMA 2000 Ho$ {ZU© Ed§Anrc go g§~§{YV àmdYmZm| H$s ì`m»`m H$s{OEŸ&
Q.39. Explain clearly the duties and power of an AuthorisedPerson. [2019, 2012]A{YH¥$V ì¶p³V Ho$ H$Îm©ì¶m| Ed§ ep³V¶m| H$mo ñnï> H$s{O¶o&
Review Questions ............................................... 210 Objective Type Questions .................................. 210
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BRILLIANT’S Business Law 17
5.2 Intellectual PropertyRights Act
MEANING OF INTELLECTUAL PROPERTY RIGHTS (IPR)~m¡{ÕH$ gånXm A{YH$ma (IPR) H$m AW©
LONG ANSWER TYPE QUESTIONSQ.40. What is the meaning of Intellectual Property? Write
its significance.~m¡{ÕH$ gånXm go Š`m Ame` h¡? BgHo$ _hÎd ~VmBEŸ&
1. Define "Intellectual Property Right"."~m¡{ÕH$ gånXm A{YH$ma" H$mo n[a^m{fV H$s{OE& [2019]
THE COPYRIGHT ACT, 1957 / H$m°nramBQ> EŠQ> 1957LONG ANSWER TYPE QUESTIONS
Q.41. Explain the objectives and characteristics of CopyRight Law, 1957. / H$m°nramBQ> A{Y{Z¶‘, 1957 Ho$ CÔoí¶m| Ed§{deofVmAm| H$mo g‘PmB¶o& [2019]
1. Write a short note on Registration of Copyright.H$m°nramBQ> Ho$ a{OñQ>oeZ na g§{jßV {Q>ßnUr {b{IE& [2019]
TERMS USED IN COPYRIGHT ACTH$m°nramBQ> EŠQ> _| à`wŠV eãX
Q.42. Define the following terms in the light of the CopyrightAct, 1957: / H$m°nramBQ> EŠQ> 1957 Ho$ A§VJ©V {ZåZ{b{IV eãXm|H$mo n[a^m{fV H$s{OE… (a) Literary work / {bQ>aar dH©$ (b)Artistic work / Am{Q>©pñQ>H$ dH©$ (c) Dramatic work / S>m_o{Q>H$dH©$ (d) Musical work / å y{OH$b dH©$ (e) Cinematographfilm / {gZo_oQ>moJ«m\$ {\$ë_ (f) Sound recording / gmCÊS>[aH$m°{S>ªJ (g) Computer programme / H$åß yQ>a àmoJ«m_
PROVISIONS REGARDING INFRINGEMENT OF COPYRIGHTH$m°nramBQ> Ho$ Cëb§KZ Ho$ gå~ÝY _| àmdYmZ
Q.43. What are the provision regarding Infringement ofcopyright? Also mention some acts which does notamount to Infringement as per The Copyright Act, 1957.
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BRILLIANT’S Business Law 18
H$m°nramBQ> Ho$ Cëb§KZ Ho$ g§~§Y _| Š`m àmdYmZ h¡? H$m°nramBQ> EŠQ>,1957 Ho$ AZwgma Hw$N> Eogo H$m¶© ~VmBE Omo H$m°nramBQ> H$m Cëb§KZZht H$aVrŸ&
MEANING & KINDS OF PATENTAND PROCEDURE FOR OBTAINING PATENT
noQ>oÝQ> H$m AW© d àH$ma Ed§ noQ>oÝQ> àmßV H$aZo H$s à{H«$¶mLONG ANSWER TYPE QUESTIONS
Q.44. What is Patent? What are the objectives of Patent?Discuss period, renewal and conditions of patent.noQ>oÝQ> ³¶m h¡? noQ>oÝQ> Ho$ CÔoí¶ ³¶m h¡? noQ>oÝQ> H$s Ad{Y, ZdrZrH$aUVWm eV} ~VmBE& [2018]
1. Write a note on Patent Law.noQ>oÝQ> H$mZyZ na {Q>ßnUr {b{IE& [2019, 2018]
RIGHTS OF PATENTEE / noQ>oÝQ>r Ho$ A{YH$maQ.45. Discuss rights of Patentee.
noQ>oÝQ>r Ho$ A{YH$ma ~VmBE& [2018, 2016]
INFRINGEMENT OF PATENTS / noQ>oÝQ²>g H$m Cëb§KZQ.46. Discuss provisions regarding Infringement of Patents
as contained in the patents Act, 1970. / noQ>oÝQ²>g EŠQ>,1970 _| noQ>oÝQ²>g Ho$ Cëb§KZ go g§~§{YV àmdYmZm| H$s MMm© H$s{OEŸ&
TRADEMARK ACT / Q>oS>‘mH©$ E³Q>LONG ANSWER TYPE QUESTIONS
Q.47. Describe the main provisions of Trade Mark Act in brief?Q>oS>‘mH©$ E³Q> Ho$ ‘w»¶ àmdYmZm| H$s ì¶m»¶m g§{jßV ‘| H$s{OE&
1. What is Trade Mark? / ì¶mnma {MÝh ³¶m h¡? [2018, 2015]
Review Questions ............................................... 235 Objective Type Questions .................................. 235
T-20 Questions
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