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    Law Question

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    Tasnim Hossain
    This document outlines key concepts from several areas of law relevant to business and commerce in Bangladesh, including contract law, sale of goods, negotiable instruments, labor law, insurance law, and partnership law. It defines terms like contract, offer, acceptance and consideration in contract formation. It also differentiates between different types of contracts, goods, and negotiable instruments. Additionally, it covers topics such as duties of buyers and sellers, passing of property, labor rights, trade unions, insurance concepts, and partnership registration. The document serves as a study guide for understanding the important legal frameworks governing business transactions and operations in Bangladesh.

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    Law Question

    Uploaded by

    Tasnim Hossain
    21 views2 pages
    This document outlines key concepts from several areas of law relevant to business and commerce in Bangladesh, including contract law, sale of goods, negotiable instruments, labor law, insurance law, and partnership law. It defines terms like contract, offer, acceptance and consideration in contract formation. It also differentiates between different types of contracts, goods, and negotiable instruments. Additionally, it covers topics such as duties of buyers and sellers, passing of property, labor rights, trade unions, insurance concepts, and partnership registration. The document serves as a study guide for understanding the important legal frameworks governing business transactions and operations in Bangladesh.

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    This document outlines key concepts from several areas of law relevant to business and commerce in Bangladesh, including contract law, sale of goods, negotiable instruments, labor law, insurance law, and partnership law. It defines terms like contract, offer, acceptance and consideration in contract formation. It also differentiates between different types of contracts, goods, and negotiable instruments. Additionally, it covers topics such as duties of buyers and sellers, passing of property, labor rights, trade unions, insurance concepts, and partnership registration. The document serves as a study guide for understanding the important legal frameworks governing business transactions and operations in Bangladesh.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    21 views2 pages

    Law Question

    Uploaded by

    Tasnim Hossain
    This document outlines key concepts from several areas of law relevant to business and commerce in Bangladesh, including contract law, sale of goods, negotiable instruments, labor law, insurance law, and partnership law. It defines terms like contract, offer, acceptance and consideration in contract formation. It also differentiates between different types of contracts, goods, and negotiable instruments. Additionally, it covers topics such as duties of buyers and sellers, passing of property, labor rights, trade unions, insurance concepts, and partnership registration. The document serves as a study guide for understanding the important legal frameworks governing business transactions and operations in Bangladesh.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    of 2

    LEGAL ENVIRONMENT AND BUSINESS

    ACCT: 1203
    contract law
    ● Define contract and contract law.
    ● Explain the essential element for the formation of a valid contract.
    ● “All contracts are agreement but all agreements are not contract”- Elaborate the statement.
    ● Differentiated the following item:
    i) Contract and agreement.
    ii) Void contract and voidable contract.
    ● Explain the different types of contracts.
    ● “All illegal agreements are void but all void agreements are not necessarily illegal” – explain
    this statement.
    ● What is the law of agency?
    ● What are the difference between law agents and servants?
    ● Explain the different classes of an agent.
    ● Write down the method of creating agency.
    ● Give your opinion about husband-and-wife relations. The wife is not the agent of her husband –
    Explain.
    ● Write down the definition of offer and acceptance.
    ● Explain the rules regarding the offer.
    ● What is consideration? Explain the different classes of consideration.
    ● Write down the difference between express and implied contracts.

    sale of goods
    ● Write down the definition of goods.
    ● Write down the different classifications of goods with explanations with relevant examples.
    ● What are the condition and warranty? What is the difference between condition and warranty?
    ● What is the difference between sale and agreement?
    ● Define the delivery of goods & explain the rules regarding the delivery sale of goods.
    ● Explain those topics-
    A. Duties of a seller of goods.
    B. Duties of buyer of goods.
    C. Right of buyer of goods.
    ● Who is the unpaid seller of goods and what are his rights against the goods? Has he any remedy
    against the buyer personally?
    ● State the rules regarding auction sales. -
    A. * A sale his horse to B for Rs. 500. B pays A Rs. 400. Is an unpaid seller?
    B. An agreed-to sale to B 1200 tons of coal to be delivered in monthly instalment of 100
    ton each. After three instalments had been delivered a refused to deliver any further coal
    under the contract. Discuss the rights of A and B after the refusal.
    ● What Are the unascertained goods? When does property pass in a contract for the sale of such
    goods?
    ● When does property in goods sold pass from the seller to the buyer? Discuss the exception, to
    the rule that ‘no one can give a better title to the goods than he has himself’.
    ● When does property in goods sold pass from the seller to the buyer in a contract of sale of
    goods?

    negotiable instrument
    ● What is a negotiable instrument? Write down the classification of negotiable instruments.
    ● What is a promissory note? Write down the essential element in a promissory note.
    ● Write Definition of bill of exchange and essential element of a bill of exchange.
    ● Cheque and essential element of a cheque.
    ● Differentiate between promissory note and bill of exchange.

    labour law
    ● What is a trade union? What are the difference between trade unions & CBA?
    ● Explain the provisions & sections relating leave & holidays of worker/employee in the labour
    law 2006.
    ● Explain the provisions & sections relating to health, welfare and hygiene.
    ● What is a provident fund?
    Insurance act
    ● Definition of insurance act and definition of insurance
    ● Historical background of the insurance industry in Bangladesh.
    ● Special elements or characteristics of an insurance contract.
    ● write down the function of the insurance business.
    Partnership act
    ● What is a partnership?
    ● A partnership is not created by status- explain
    ● What are the procedure for registration of a partnership firm?
    ● What is dissolution? Explain the modes of dissolution of a partnership firm.
    ● Is registration of a partnership firm is compulsory?
    ● Consequences of non-registered of partnership.

    Prepared by: MD. RASHED

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