EAST WEST UNIVERSITY

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

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

FINAL EXAMINATION (ONLINE)

TIME: 2 hours & 15 minutes TOTAL MARKS: 30

Instructions

Answer 15 out of 20 short questions below. Each question carries 2 marks. This examination
carries 30% of the total points allocated for this course.

1. How are directors appointed ? What are the grounds for disqualification of directors ?
2. Explain the provisions for protection of minority interest under the Companies Act.
3. Under what circumstances a company may be wound up by the court ? When a company
is deemed to be unable to pay its debts ?
4. What is the definition and nature of a negotiable instrument ?
5. What are the main distinctions between a promissory note and a bill of exchange ?
6. What are the essential characteristics of a cheque ?
7. What is meant by negotiation in the context of the Negotiable Instruments Act ? Who are
the parties to it ?
8. Who is a holder and a holder in due course ? What is the meaning of endorsement ?
9. Discuss the procedure for criminal liability arising out of dishonour of a cheque.
10. Explain the nature of the relationship between a banker and customer. When can a
banker dishonour a cheque ?
11. 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 dishonour ?
12. 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 ?
13. What are the main principles of a letter of credit ? Explain with illustrations.
14. How does an L/C in an international trade works ? Discuss the steps in a typical L/C
transaction involving 2 banks.
15. What are the main commercial documents needed by the parties for their trade involving
international carriage ?
16. What are the meanings of the following: CIF, CFR, FOB, FAS and Ex Works.
17. Explain the meanings of (i) unconfirmed and confirmed and (ii) revocable and
irrevocable letters of credit.
18. Identify the main problems parties may face in an international carriage transaction
involving payments by the letters of credit.
19. What are the main theories of ethics ? What is meant by ethics in a business context ?
20. What impact morality, in your opinion, should have in shaping business transactions ?