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Business Law-NMIMS Dec-16

Business Law-NMIMS Dec-16

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Q1. Please give a practical example each of Contract of Indemnity and Contract of Guarantee. Also identify and highlight as to how these contracts, as quoted by you as examples, are different from each other. (10 Marks)


Q2. Please explain the Corporate Social Responsibility (CSR) obligation as enshrined under the Companies Act, 2013. Please quote at least two examples of CSR in recent times. (10 Marks)


Q3. Ms. Neha had purchased a Watch from a Showroom in Mumbai. Neha gifted the Watch to her college friend Ms. Rita who stays in Patna. The payment for the Watch was made by Neha. Rita on opening the Gift found the watch to be having a manufacturing defective


a) In this example, who is the Consumer as per the definition mentioned in Consumer Protection Act, 1986 and under which Section? Can Rita file a consumer complaint against the Watch Company? Explain with reasons? (5 Marks)


b) Explain the doctrine and its specific exception defined in Contract Act, 1872 which exponents that Rita is entitled to sue the Watch Company. (5 Marks)

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