Very Short Question Answer 1. Define negotiable instruments. The word ‘Negotiable’ means transferable from one person to another in return for consideration and ‘Instrument’ means a written documents by which a right can be created infavour of some person. Thus, a negotiable instrument is a document which entitles a person to a sum of money […]
Chapter 5: Contract of Carriage
Very Short Question Answer 1. What is meant by carriage of goods? Carriage of goods refers to the act of transporting or carrying goods, roughly speaking, the people from one place to another by the different means of within the country or beyond the country. In fact, it is the act of transportation of goods […]
Unit 11: Managing an Outsourced Project
Prevent Project Failure Don’t be a hands-off client Constantly communicate project goals The vendor’s goals always differ from the clients Don’t expect the team to ignore the vendor’s goals Work with the team to establish the goals of the project as an equal or greater priority Transparency is especially important in an outsourced project. Estimate […]
Unit 8: Software Testing
Quality Quality means “conformance to requirements” The best testers can only catch defects that are contrary to specification. Testing does not make the software perfect. If an organization does not have good requirements engineering practices then it will be very hard to deliver software that fills the users’ needs, because the product team does not […]
Unit 4: Project Schedules
What is a project schedule? The project schedule is a calendar that links the tasks to be done with the resources that will do them. Before a project schedule can be created, the project manager must have a work breakdown structure (WBS) and estimates. The schedule is part of the project plan Scheduling concepts: Effort […]
Unit 3: Estimation
What is estimation? The project manager must set expectations about the time required to complete the software among the stakeholders, the team, and the organization’s management. If those expectations are not realistic from the beginning of the project, the stakeholders will not trust the team or the project manager. Elements of a Sound Estimate To […]
Chapter 2: General Law of Contract Bailment
Very Short Question Answer 1. When a consent is treated as free? A consent is treated as free in the following situations: If the consent has been given knowingly and freely. If the consent is not caused by coercion, undue-influence, misrepresentation, fraud or mistake. 2. When an agreement is enforceable by law? When an agreement […]
Chapter 3: Contract of Agency
Very Short Question Answer 1. State any two essentials of agency. A contract between two parties amounts a contract of agency if it fulfills the following at essentials: Universal declaration of the principal to be bound by the act of his agent. Intention of the agent to act on behalf of the principal 2. Who […]
Chapter 1: Introduction to Law and Business Law
Very Short Question Answer 1. State any two nature of law. Law consists of a rule. Law is backed by sanction/ punishment. 2. Give any two differences between substantive law and procedural law. The differences between substantive law and procedural law can be stated as follows: Substantive Law Procedural Law It creates and defines the […]