Legal Environment Business Nepal TU Board 2023 question paper

Write any two features of law.

Mention the importance of legal environment for business.

Define the term coercion.

Point out any three duties of an agent.

State the types of breach of contract.

Give the meaning of court.

State the nature of performance of contract.

What is cyber law?

What do you understand by Caveat Emptor?

Mention the features of company.

Explain the sources of business law in Nepal.

What is free consent? Briefly describe the importance of free consent.

Discuss the rules regarding contingent contract.

What is the importance of INCOTERMS, 2020? Explain.

Highlight the essential elements of a valid contract.

Differentiate between sale and agreement to sell.

Describe the modes of termination of contract.

Define contract of affreightment. What matters are dealt with by the terms of charter party? Differentiate it from the bill of lading.

What are the duties of an arbitrator? Also discuss about the revocation of arbitrator's authority.

What do you understand by liquidation of a company? Discuss the power and role of the liquidator.

Describe the factors influencing the changing dimensions of legal environment of business in Nepal.

Hypothetically, you are setting a new cold drink manufacturing company with new and innovative machineries and recipes. You plan to use your knowledge of Intellectual Property Rights to safeguard your new company from old biscuit companies as well as new budding companies. Describe in details, what rights you will register and how you will benefit out of it.

X offers to sale his car to Y for NRs 200,000.00. Y accepts to purchase it for 1,800,000.00, X refuses to sale the car for 1,800,000.00. Subsequently Y agrees to purchase the car for 2,000,000.00 but X refuses to sale. Y sues for the specific performance of contract, will he succeed?

A and B are friends. B treats A during A's illness but doesn't accept payment from A for the treatment and A promises B's son C to pay him NRs 2,000. A being poor is unable to pay. C sues A for the money, can C recover?

Miracle Pharma was manufacturing a medicine to cure aids. They advertise in international newspaper saying that whoever consumes the medicine will not suffer from aids. Mrs. A read this advertisement in the newspaper and purchased. She claimed for the reward of NRs 1,000,000.00 as a compensation as a promise in the advertisement. Can she claim? Will she succeed? What do you think?