Ewu Mba Summer 2020 Final

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EAST WEST UNIVERSITY

COURSE: MBA & EMBA (MBA 505 & EMBA 505)


SUBJECT: BUSINESS LAW AND ETHICS
SEMESTER: SUMMER 2020 INSTRUCTOR: Dr. Khaled H Chowdhury, Barrister-at-Law

FINAL EXAMINATION (ONLINE)

TIME: 2 hours TOTAL MARKS: 30

Instructions

Part A, B and C each consists of 8 Short Questions and you need to answer any 5 of them
from each Part. Each question carries 2 marks. This examination carries 30% of the total points
allocated for this course.

Part A (attempt any five questions)(5X2 =10 marks)

1. Define and distinguish between (i) a public and a private company and (ii) between a company
limited by shares and a company limited by guarantee.

2. Discuss the concept of ‘one man company’ as proposed under the Companies Act. How the
share register can be rectified ?

3. What is a memorandum of association and articles of association ? Explain the major points of
distinction.

4. Explain the provision relating to holding of an Annual General Meeting (AGM) of a company.
What are the legal consequences if an AGM does not take place on time ? What is a statutory
meeting ?

5. What is meant by an extraordinary and a special resolution ?

6. How are directors appointed ? What are the grounds for disqualification of directors ?

7. Explain the provisions for protection of minority interest under the Companies Act.

8. Under what circumstances a company may be wound up by the court ? When a company is
deemed to be unable to pay its debts?
Part B (attempt any FIVE questions)(5X2 = 10 marks)

9. What is the definition and nature of a negotiable instrument ?

10. What are the main distinctions between a promissory note and a bill of exchange ?

11. What are the essential characteristics of a cheque ?

12. What is meant by negotiation in the context of the Negotiable Instruments Act ? Who are the
parties to it ?

13.Who is a holder and a holder in due course ? ++++++++++++++++++++++++++++++++++


+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++?

14. Discuss the procedure for criminal liability arising out of dishonour of a cheque.

15. Explain the nature of the relationship between a banker and customer. When can a banker
dishonour a cheque ?

16. Do you think the law relating to dishonor of cheques is harsh or it is appropriate as court
should not be concerned with the reason behind the dishonor ?

Part C (attempt any FIVE questions)(5X2 = 10 marks)

+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++17. Other
than the underlying contract, how many other contracts can you identify in a typical international
sales contract where shipment is needed and payment to be made under a letter of
credit ?

18. What are the main principles of a letter of credit ? Explain with illustrations.

19. How does an L/C in an international trade works ? Discuss the steps in a typical L/C
transaction involving 2 banks.

20. What are the main commercial documents needed by the parties for their trade involving
international carriage ?

21. What are the meanings of the following: CIF, CFR, FOB, FAS and Ex Works.

22. Explain the meanings of (i) unconfirmed and confirmed and (ii) revocable and irrevocable
letters of credit.

23. Identify the main problems parties may face in an international carriage transaction involving
payments by the letters of credit.
24. What are the main theories of ethics ? What is meant by ethics in a business context ?

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