Business Law

1
NMIMS MBA ASSIGNMENT2019

• Business Law
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2
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• Q1. Explain the difference between (i) express
  conditions and warranties and (ii) implied
  conditions and warranties. List out, with
  distinct examples, the different implied
  conditions and warranties contained under Sales
  of Goods Act, 1930.
• Q2. List at least 2 (two) cases that have been
  decided by Competition Commission of India that
  has led to ensure that any adverse appreciable
  effects on competition or abuse of dominant
  position has been contained by Competition
  Commission of India.

3
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• Q3. Arunima, Nishita, Shanaya and Komal are
  homemakers who decided to run a business of a
  homemade tiffin service in the city of Nagpur.
  The business has grown exponentially and there is
  a need to expand the business, which requires an
  investor. They have approached various venture
  capitalists who have advised them that they
  should first get their entity registered. Post
  registration of entity the venture capitalist may
  look at investing or buying a stake in the
  business. Hence, they have approached you for
  some advice
• a) Can you explain the different forms of
  business entities prevalent in India?
• b) After going through different types of
  business, they have taken a special interest in
  partnership firm with limited liability. Can you
  advise them in detail on what is partnership firm
  with limited liability, formation and rights and
  liabilities of such partner?