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Business Law
September 2023 Examination
1. Please explain the different rights of consumer with special
emphasis on the rights introduced under the Consumer Protection Act, 2019. (10 Marks)
Ans:
Introduction:
Consumer
rights are essential for protecting people from their business interactions and
ensuring fair and ethical practices within the marketplace. Those rights are
designed to empower purchasers, provide them with recourse in case of unfair
remedy, and sell a healthy and transparent business environment. The consumer
protection Act of 2019 added several fundamental rights for consumers in India,
enhancing their protection and addressing rising demands in the digital age.
Concepts and Applications:
1.
Right to Safety:
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2. Please explain any two (2) types of intellectual property rights and
provide an example of each of the intellectual property right. Kindly note that
the examples should be real life cases (10 Marks)
Ans:
Introduction:
Intellectual
property rights (IPRs) are legal rights granted to individuals or organizations
for their creations or inventions. Those rights defend the intangible
belongings that result from human creativity and innovation. They offer
exclusive rights to the creators or owners of intellectual property, letting
them control and exploit their creations commercially. Numerous intellectual
property rights exist, including copyrights, trademarks, patents, trade
secrets, and business designs. Through this response, we can awareness of
copyrights
3. Samiksha wants to start a new organization that will have chain of
pet salons in India. She is planning to start the organization all by herself
as the owner. She needs clarity on setting up of the organization and has
raised few queries. Kindly advise:
a. What are the different Unincorporated and Incorporated forms of
organization? Please explain each of them. (5 Marks)
Ans:
Introduction:
Starting
a new organization requires careful consideration of the legal shape that best
suits the business's goals and desires. In India, entrepreneurs can establish
their organizations as unincorporated or incorporated entities. Each form of
company has its advantages and disadvantages. In this response, we will explore
the distinct unincorporated and incorporated
b. She intends to use “BuBri” as the name of the organization. She
wants to know how she can claim intellectual properties for the name. Please
explain the type of intellectual property/properties that can be claim and
procedure of registering it? (5 Marks)
Ans:
Introduction:
Beginning
a new organization requires cautious making plans and consideration of various
factors. Samiksha's plan to establish a sequence of puppy salons in India under
the call "BuBri" is an exciting task. To shield the name and related
intellectual property, Samiksha needs to understand the particular types of
intellectual property rights available and the procedures for
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