Business Laws and Business Correspondence and Reporting - May 2019

Mr. Sohanlal sold 10 acres of his agricultural land to Mr. Mohanlal on 25 September 2018 for = 25 Lakhs. The Property papers mentioned‘ a condition, amongst, other details, that whosoever purchases the land is free to use 9 acres as per his choice but the remaining 1 acre has to be allowed to be used by Mr. Chotelal, son of the seller for carrying out farming or other activity of his choice. On 12 Oct 2018, Mr. Sohanlal died…

2. (a) “Mere silence is not fraud” but there are some circumstances where the “silence is fraud”. Explain the circumstances as per the provision of Indian Contract Act 1872? » (7 Marks) (b) “LLP is an alternative corporate business. form that gives the benefits of limited liability of a company and the flexibility of a partnership”. Explain. Z \ (5 Marks)

(a) () What is the provision related to the effect of notice to an acting partner of the firm as per Indian Partnership Act 1932? (2 Marks) (ii) Discuss the provisions regarding personal profits earned by a partner under the Indian Partnership Act 1932? (2 Marks) (b) " “Whether a group of persons is or is not a firm, or whether a person is or not a partner in a firm.” Explain the mode of determining existerice of partnership as…

(a). “A non-owner can convey better title to the bonafide purchaser of goods for value.” Discuss the cases when a person other than the owner can transfer title in goods as per the provisions of Sales of Goods Act 1930? (6 Marks) (b) M/S.XYZ & Associates, a partnership firm with X, Y, Z, as senior partners were engaged in the business of carpet manufacturing and exporting to foreign countries. On 25th Aug 2016 they inducted Mr. G an expert in…

Woodworth & Associates, a firm dealing with the wholesale and retail buying and selling of various kinds of wooden logs, customized as per the requirement of the.customers. They dealt with Rose wood; Mango wood; Teak wood; Burma wood etc. Mr. Das a customer came to the shop and asked for wooden logs measuring 4 inches broad and 8 feet long as required by the carpenter. Mr. Das specifically mentioned that he required the wood which would be best suited for…

6. (a) Discuss the essentials of Undue Influence as per the Indian Contract Act, 1872. * (5 Marks) (b) .“Indian Partnership Act does not make the registration of firms compulsory nor does it impose ‘any penalty for non-registration.” Explain. Discuss the various disabilities or disadvantages that a non- registered partnership firm can face in brief? ; : . (4 Marks) (©). Popular Products Ltd. is company incorporated in India, having a total Share Capital of € 20 Crores. The Share…

7. (a) Read the passage carefully and answer the questions given below : Coral reefs are one of the most fragile, biologically complex, and diverse marine ecosystems on Earth. This ecosystem is one of the fascinating paradoxes of the biosphere. Found along the sea coasts they are formed in various shapes and sizes. They constitute as one of the beautiful creations of nature. Symbiotic cells of algae’ known as zooxanthellae carry out photosynthesis using the metabolic wastes of the coral…

Chain Network under network in communication? (2 Marks) (b) (i) Choose the word which best expresses the meaning of the given word : (1 Mark) , Crooked (1) Straight (2) Tapering (8) Twisted (4) Circle MAP (11) Gi) Select a suitable antonym for the word given under : (1 Mark) Predicament () Injury _ | @) — Ease (8) Accident (4). Horrifying (iii) Change the following sentence to indirect speech : (1 Mark) ft Pari said to me “I have…