Assignment 2

Part 1

1.UAE starts its first-ever nuclear reactor "Barakah" at Abu Dhabi in a joint venture with the Emirates Nuclear Energy Corporation (ENEC) and __________.

A.Siemens

B.KEPCO

C.Enel

D.KT Corporation

2.

Which of the following become World's first Large Scale Chemical Production Plant to completely run on Renewable Energy?

A.Sipchem

B.Asahi Kasei Corporation

C.Evonik Industries

D.SABIC

3.

NTPC signs the MoU with which organisation to seek investment opportunities in areas like renewable energy, power distribution and other areas of mutual interest in India?

A.CSIR

B.ISRO

C.NIIF

D.DRDO

4.

L&T Technology Services, the engineering services arm of Larsen and Toubro Group, informed that it will acquire a 100 % stake in which Texas-based company?

A.PCL Construction

B.Orchestra Technology

C.Bechtel Group Inc

D.Turner Construction

5.

The Competition Commission of India approved acquisition of upto 58.92% stake in HealthCare Global Enterprises Limited by which company?

A.Mahindra & Mahindra Financial Services Ltd.

B.Aceso Company Pte. Ltd.

C.GIC Housing Finance Ltd

D.Indiabulls Housing Finance Ltd

Part 2

a) The directors of Kante Bank Plc intend to please the shareholders of the

bank by ensuring that they distribute all the profits of the bank as dividends

without any fund conservation. They plan to do that, so that shareholders

may vote to retain them in office. The bank's paid up capital is less than its

reserve.

Required

As the Company Secretary of Kante Bank Plc, with knowledge of the Banks

and Other Financial Institutions Act, advise the bank on reserve funds.

(5 marks)

(b) Agents have some rights in law.

Required

State fiveof therights of an agent (5 marks)

(c) There are implied conditions in all contracts of sale of goods.

Required

Which conditions are implied where goods are sold by sample?

(3 marks)

(d) A hirer of goods has some remedies against the owner.

Required

State tworemedies of a hirer in a hire purchase contract (2 marks)

(e) A contract of insurance has elements of offer and acceptance.

Required

Explain briefly the making of offer and acceptance in insurance contract.

(5 marks)