29 Dec 2014

Smu mba legal aspects of business sample paper set one

legal aspects of business , MB0051.

 Note: If there are two square boxes for answer then only one box is correct answer and others is wrong (Not a right choice mentioned against wrong box).

Out of these four, which one is not the source of English law?Response:
Common law
Should have chosen
Business law
Statute law
Feedback:Not right answer. It is an English Law. Refer section 1.3.2
 Question: There are certain essentials which must be present in law, in order to make it effective. These are predictability,________. and ___________.Response:
Should have chosen
Flexibility and Reasonable application and coverage
Application and coverage
Coverage and application
Feedback:Not right answer. These are predictability, Flexibility and Reasonable application and coverage. Refer section 1.7
Predictability and Flexibility
 Question: Which one of the following is not the appropriate method of Discharge of Surety?Response:
Discharge by notice of revocation
Discharge by the death of surety
Discharge by variance in terms of the contract
Feedback:Not right answer. Discharge by variance in terms of the contract method is appropriate. Refer section 3.5.5
Should have chosen
Discharge by release or discharge of principal creditor

1 comment:

  1. There are the number of people are discussing this topic and this is strange that what they are talking about because everyone is just typing with close eye without any relevancy.