2019 (December)
COMMERCE
(Core)
Paper:
C – 102 (Business Law)
Full
Marks: 80
Pass
Marks: 32
Time:
3 hours
The figures in the margin indicate full marks for the questions
1. Write True or False: 1x8=8
a) Quasi-contracts are created by circumstances, not by the parties.
b) A specific offer can be accepted by any party.
c) Money is considered as ‘goods’ under the Sale of Goods Act.
d) An insolvent cannot enter into a contract.
e) An agent is a link in between the principal and the third parties.
f) Registration of a partnership firm is compulsory.
g) An agreement to sale is an executor contract.
h) The Indian Contract Act was enacted at 1972.
2. Write short notes (any four): 4x4=16
a) Void Contract.
b) Days of grace.
c) Types of goods.
d) Crossing of cheque.
e) Free consent.
f) Essentials of a contract of sale.
3. (a) What do you mean by contract? Describe briefly the essentials of a valid contract. 3+8=11
Or
(b) Discuss the different types of contract. 11
4. (a) What is a contract of indemnity? How does a contract of indemnity differ from a contract of guarantee? 3+8=11
Or
(b) Define bailment. Discuss the rights and responsibilities of a bailee. 3+8=11
5. (a) What do you mean by ‘caveat emptor’? Discuss the exceptions to this rule. 3+8=11
Or
(b) Discuss the rights of an unpaid seller. 11
6. (a) Mention the parties to a bill of exchange and discuss their liabilities. 3+8=11
Or
(b) What do you mean by cheque? What are the distinctions between cheque and bill of exchange? 3+8=11
7. (a) Define partnership. Describe the different methods of dissolution of partnership firms. 3+9=12
Or
(b) What do you mean by limited liability partnership? What are the features of LLP? 4+8=12
Also Read: Business Laws Question Paper Non-CBCS Pattern
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