Notes for bba

Nepalese Business Environment is getting more and more turbulent. Clarify with examples on how business environmental factors can influence our business.

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Impact of Turbulent Business Environment in Nepal

Impact of Turbulent Business Environment in Nepal The business environment in Nepal is becoming increasingly turbulent due to several factors that directly impact how businesses operate. These factors include economic, political, technological, social, and environmental influences. Here are some examples of how these factors can affect businesses in Nepal: Economic Factors: Nepal’s economy experiences fluctuations, … Read more

Discuss important Rights of a Pledger

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Discuss important Rights of a Pledger

A Pledger is an individual who provides their asset as collateral for a loan or obligation through a pledge agreement. Although the pledger transfers possession of the pledged asset to the pledgee (the lender or creditor), they retain certain rights that are crucial for balancing the interests of both parties. The primary rights of the … Read more

Discuss five important duties of a Bailee

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Discuss five important duties of a Bailee

A Bailee refers to an individual or entity that receives goods from another party, known as the bailor, under a bailment agreement. The bailee is tasked with the responsibility of protecting the goods and ensuring their return according to the stipulated terms. Below are five key responsibilities of a bailee: Obligation to Exercise Reasonable Care … Read more

Define business environment. Explain how the general environment components of the business.

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Business Environment and Its General Components

Business Environment and Its General Components Business environment refers to all the factors or forces that affect the operations of the business organization. There are two types of business environment: Internal Environment and External Environment. These factors include economic, social, political, legal, technological, and environmental elements. A favorable business environment helps businesses thrive, while challenges in … Read more

Explain the Rights of Surety against the Creditor

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Explain the Rights of Surety against the Creditor

Surety refers to the individual who provides the guarantee. The individual for whom this guarantee is provided is known as the principal debtor. The recipient of the guarantee from the surety is termed the creditor. Guarantees can be established either verbally or in written form. A surety, acting as a guarantor for the principal debtor, … Read more

What is Environmental Analysis? How does this information is useful to the strategy formulation process for business?

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Environmental Analysis and Business Strategy

Environmental Analysis and Business Strategy Environmental analysis is the process of monitoring the environment to determine the opportunities for and threats to the firm. The main objective of external environment analysis is to assess the likely present and future opportunities and threats arising. This information is useful to the strategy formulation process for business in … Read more

Explain the process of environmental analysis with relevant examples.

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Explain the process of environmental analysis with relevant examples.

Steps in Environmental Analysis Environmental analysis is a continuous process that helps organizations understand outside factors that can affect their business. The following are the steps in environmental analysis: Scanning: This step involves collecting information about the environment to see what is happening. It helps identify early signs of changes and recognizes changes that are … Read more

What do you understand by the term Consideration? Discuss the exceptions to the rule “No consideration no contract.”

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Understanding Consideration and Its Exceptions to the Rule

Consideration can be defined as the value that one party offers in exchange for the promise of another party. A contract is deemed legally binding only when both parties are obligated to provide something of value to each other. This value exchanged is referred to as consideration, and it must be lawful to be recognized … Read more

Define law of contract. Discuss the elements required forming a Valid Contract.

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Law of Contract and Essentials of a Valid Contract

LAW OF CONTRACT A contract is defined as a legally binding agreement between a minimum of two parties to perform or refrain from performing certain actions. As articulated by A.J. Salmond: “A contract is an agreement that establishes and delineates obligations between two or more parties.” ESSENTIAL ELEMENTS OF A ENFORCEABLE AND VALID CONTRACT A … Read more

What is an Acceptance? Who can accept an offer? Write the rules regarding the acceptance as per Nepalese Contract Law.

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Acceptance and Its Rules under Nepalese Contract Law

MEANING OF ACCEPTANCE Acceptance occurs when an individual to whom a proposal is directed indicates their agreement to it. The individual making the offer is considered to have received acceptance once the agreement has been communicated. This agreement can be either explicit or implicit. It is explicit when conveyed in a clear manner, whether through … Read more