,Exam Paper for Business Law in BBA (With
Answers)
PAPER # 1
**Exam Paper: Business Law for BBA**
**Duration:** 2 hours
**Instructions:**
1. Answer all questions.
2. Write your answers in the provided answer booklet.
3. Allocate your time wisely; each question is worth the indicated
points.
4. Use clear and concise language in your responses.
5. Review your answers for accuracy and completeness before
submitting your exam.
**Section A: Multiple Choice Questions (15 points)**
Choose the correct answer for each question.
1. Which of the following is not a characteristic of a legally binding
contract?
a) Offer and acceptance
b) Intention to create legal relations
c) Consideration
d) Handshake agreement
2
, **Answer:** d) Handshake agreement
2. What type of business structure offers limited liability to its owners?
a) Sole proprietorship
b) Partnership
c) Corporation
d) Limited liability partnership (LLP)
**Answer:** c) Corporation
3. Which law regulates unfair business practices and protects
consumers?
a) Contract law
b) Tort law
c) Antitrust law
d) Consumer protection law
**Answer:** d) Consumer protection law
4. What is the primary purpose of intellectual property law?
a) To protect physical property
b) To protect business secrets
c) To protect creative works and inventions
d) To regulate business mergers
**Answer:** c) To protect creative works and inventions
3
Answers)
PAPER # 1
**Exam Paper: Business Law for BBA**
**Duration:** 2 hours
**Instructions:**
1. Answer all questions.
2. Write your answers in the provided answer booklet.
3. Allocate your time wisely; each question is worth the indicated
points.
4. Use clear and concise language in your responses.
5. Review your answers for accuracy and completeness before
submitting your exam.
**Section A: Multiple Choice Questions (15 points)**
Choose the correct answer for each question.
1. Which of the following is not a characteristic of a legally binding
contract?
a) Offer and acceptance
b) Intention to create legal relations
c) Consideration
d) Handshake agreement
2
, **Answer:** d) Handshake agreement
2. What type of business structure offers limited liability to its owners?
a) Sole proprietorship
b) Partnership
c) Corporation
d) Limited liability partnership (LLP)
**Answer:** c) Corporation
3. Which law regulates unfair business practices and protects
consumers?
a) Contract law
b) Tort law
c) Antitrust law
d) Consumer protection law
**Answer:** d) Consumer protection law
4. What is the primary purpose of intellectual property law?
a) To protect physical property
b) To protect business secrets
c) To protect creative works and inventions
d) To regulate business mergers
**Answer:** c) To protect creative works and inventions
3
