Business Laws and BRFW Nov' 2017 Question Paper | Dibrugarh University | B.Com 1st Sem (Non CBCS Pattern)

a)      The Indian Contract Act was passed in 1872/1873.

b)      Amount of a crossed cheque is not/ is paid at the counter.

c)       The Industrial Disputes Act was passed in 1947/1948.

d)      Public utility services do not include / include railway service.

(b) Write True and False:       1x4=4

a)      Agreement with a person of unsound mind is void.

b)      A sale is an Executory contract.

c)       The Consumer Protection Act recognizes eight rights of a consumer.

d)      The Bill of Exchange has three parties.

2.       (a) “No consideration, no contract.” Explain. Discuss the exceptions to this rule.     4+10=14

OR

(b) Discuss in brief the various modes of discharge of a contract.               14

3.       (a) Elucidate the differences in between sale and agreement to sale.       14

OR

(b) Describe the objectives of the Consumer Protection Act, 1986. Who is a consumer according to the Consumer Protection Act, 1986?          10+4=14

4.       (a) Define Bill of Exchange. Compare promissory note with bill of exchange.         4+10=14

OR

(b) Define cheque. Compare bill of exchange with cheque.     4+10=14

5.       (a)Define strike and lockout. Discuss the general prohibitions on strike and lockout.3+3+8=14

OR

(b) Write notes on:             7x2=14

       (i) Layoff

       (ii) Workman and its ingredients according to the Industrial Disputes act, 1947

6.       Write short notes on ( any four):       4x4=16

(a) Free consent

(b) Right of consumer

(c) Elements of a contract of sale

(d) Crossing of cheques

(e) Types of contract

(f) Industrial dispute

(Old course)

(Business Regulatory Framework)

Full marks: 80

Pass marks: 32

1.       Choose the correct answer:                  1x8=8

(a) Offer and acceptance make contract/ agreement.

(b) The Indian Contract Act was passed in 1772/ 1872.

(c) To execute a contract of sale, price is not essential / essential element.

(d) Implied warranties are not written/ written in a contract of sale.

(e) Days of grace is counted/ not counted in cheque.

(f) Bill of Exchange and promissory note are same/ not same

(g) The Consumer Protection Act was passed in 1985/ 1986

(h) FEMA came into force from June 1, 1999/2000

2.       (a) Explain the essential elements of a valid contract.         11

OR

(b) Discuss the elements of a valid consent.                           11

3.       (a) Discuss the essential elements of the Sale of Goods Act, 1930.           11

OR

(b) Elucidate the rights of unpaid seller upon goods.                  11

4.       (a) Discuss in detail the characteristics of negotiable instruments.               11

OR

(b) Analyze the elements of promissory note.      11

5.       (a) Describe the composition of District Forum.     11

OR

(b) Explain the rights of consumer according to the Consumer Protections Act, 1986.       11

6.       (a) Write the obligations of exporter of goods and services under the FEMA, 2000             12

OR

(b) Write notes on:             6x2=12

1)      Reserve Bank of India

2)      Authorized person.      

7.       Write short notes on (any four)       4x4=16

(a) Voidable agreements

(b) Coercion

(c) Future goods

(d) Crossed cheque

(e) State forum