| Level: Bachelor | Year: 2024 Fall |
| Programme: BBA/BCIS/BBA-TT | Full Marks: 100 |
| Course: legal Aspects of Business and Technology | Pass Marks: 45 |
| Semester: VI | Time: 3hrs |
| University: Pokhara University |
Legal Aspects of Business and Technology Questions with Answer – 2024 Fall (BBA/BBA-TT/BCIS)
Section”A”
Very Short Answer Questions. [10*2]
Attempt all the Questions. [10*2]
1. Mention the differences between a substituted agent and a sub-agent.
2. Differentiate between Valid and Void contract.
3. Define performance of contract. Suggest any two ways.
4. Explain in short how arbitration is good for settlement of business disputes.
5. Mention two extraordinary powers of Supreme Court which high courts and district courts do not have.
6. List out any two differences between AOA and MOA.
7. What do you understand by the term pledge by non-owner?
8. Interpret the term unpaid seller with a short example.
9. State any three main objectives of Nepalese money laundering act.
10. Mention the differences between e-signature and digital signature.
Section “B”
Descriptive Answer Questions
Attempt any six questions. [6×10]
11. Define business law. What is the significance of law in business management?
12. Contract of guarantee is a tripartite agreement. How? What are the rights and duties of surety?
13. Compare and contrast the term termination of contract and breach of contract. Explain five essentials for free consent.
14. Define company. What are the legal procedures for incorporation of a company under present company Act?
15. What do you mean by liquidation? Mention any five differences between voluntary and involuntary liquidation of a company.
16. Explain the basic features and major provisions of the current industrial enterprise act.
17. State the functions and duties of telecommunication authority according to NTA 2053.
Section”C”
Case Analysis
18. Read the case situation given below and answer the questions that follow: [20]
Ramesh Sharma, a small business owner in Kathmandu, needed a loan of NPR 5,00,000 (five lakhs) to expand his business. He approached Central Finance Pvt. Ltd., a licensed financial institution, for the loan on March 1, 2023.
To secure the loan, Ramesh pledged his gold necklace and bracelet (valued at NPR 6,00,000 (six lakhs)) as collateral under a contract of pledge. Key terms and conditions of the agreement were:
A- Loan Amount: NPR 5,00,000 (five lakhs)
B- Interest Rate: 12% per annum
C- Repayment Period: 6 months (by September 1, 2023)
D- If Ramesh fails to repay the loan on time, Central Finance has the right to sell the pledged goods to recover the amount.
Ramesh paid interest regularly but was unable to repay the principal amount by the due date. On October 1, 2023, Central Finance sold the pledged gold necklace and bracelet at NPR 5,50,000 (five lakhs, fifty thousand) to recover the loan.
Ramesh later argued that and filed a case in a district court, stating that Central Finance should have notified him before selling the pledged items. The sale price was higher than the loan amount, and he was entitled to the surplus money (NPR 50,000) after loan recovery.
Answer the following:
a. Did Central Finance Pvt. Ltd. have the right to sell the pledged goods?
b. Is Ramesh Sharma entitled to the surplus amount from the sale of the pledged property?
c. What may be the remedies to the aggrieved party?
d. What are the conditions to sell the pledged goods?