Business Law NMIMS Assignment Solution April 2024

Business Law NMIMS Assignment Solution April 2024

NMIMS Global Access
School for Continuing Education (NGA-SCE)
Course: Business Law
Internal Assignment Applicable for April 2021 Examination

Assignment Marks: 30

Instructions:
 All Questions carry equal marks.
 All Questions are compulsory
 All answers to be explained in not more than 1000 words for question 1 and 2 and for
question 3 in not more than 500 words for each subsection. Use relevant examples,
illustrations as far as possible.
 All answers to be written individually. Discussion and group work is not advisable.
 Students are free to refer to any books/reference material/website/internet for
attempting their assignments, but are not allowed to copy the matter as it is from the
source of reference.
 Students should write the assignment in their own words. Copying of assignments from
other students is not allowed.
 Students should follow the following parameter for answering the assignment questions.

1. List out the features of Information Technology Act, 2000. Provide any two (2)
changes introduced by the Information Technology Act, 2000 and how it has impacted
the citizens of India. (10 Marks)
For Theoretical Answer
Assessment Parameter Weightage
Introduction 20%
Concepts and Application
related to the question
60%
Conclusion 20%
For Numerical Answer
Assessment Parameter Weightage
Understanding and usage
of the formula
20%
Procedure / Steps 50%
Correct Answer &
Interpretation
30%

2. Explain in detail two (2) real-life cases where Rights of Consumers have been upheld.
(10 Marks)
3. Pestonjee Shroff (“Pesi”) owned huge tracts of land in Mumbai and he used to receive
offers from various developers and builders to develop the land owned by Pesi. Pesi
refused such offers of redevelopment and commercialization as he intended to use the
land or proceeds from land for charitable purposes. But one day few individuals along
with a builder (who had earlier been refused by Pesi) barged into his home and made
him sign the papers of redevelopment of the plot. For this the builder gave him Rs. 200
crores and the money was transferred to his account. The agreement also was duly
registered. Pesi being unhappy with the development of events and forcibly being
made to sign an agreement wanted to take legal action. So he has approached you for
understanding the legal position:
a. Is such an agreement a binding Agreement or can it be cancelled? Please give your
reasons for your answer. (5 Marks)
b. Assuming the market value of land is Rs. 85 crores, can Pesi seek cancellation of the
agreement? Please give your reasons for your answer. (5 Marks)

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