Business Laws Question Paper' 2021 (Held in 2022), Dibrugarh University B.Com 2nd Sem Non-Hons

Business Laws Question Paper’ 2021 (Held in 2022)
Dibrugarh University B. Com 2^nd Sem Non Hons
2 SEM TDC BL (CBCS) DSC CC 202 (BL)
2021 (Held in January/February, 2022)
COMMERCE (For Non-Honours)
Paper: CC-202 (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) The Indian Contract act was enacted in 1972.

(b) Contract is an agreement enforceable by law.

(d) To execute a contract of sale, consideration is not an essential element.

(e) An unpaid seller obtains right against buyer.

(f) The Limited Liability Partnership Act was enacted in 2008.

(g) Days of grace is allowed in cheque.

(h) In promissory notes, there are three parties.

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

(a) Undue influence.

(b) Bill of exchange.

(d) Goods.

(e) Bailment.

(f) Crossing of cheques.

3. (a) Discuss the essential elements of a valid contract. 12

(b) What do you mean by contingent contract? Discuss the rules regarding contingent contract. 3+9=12

4. (a) Who is an agent? When is an agent personally liable for the acts done by him for his principal? 3+8=11

(b) What is a contract of guarantee? How does a contract of guarantee differ from a contract of indemnity? 3+8=11

5. (a) What do you mean by sale? What are the distinctions between sale and agreement to sell? 3+8=11

(b) What is condition? Distinguish between conditions and warranties. 3+8=11

6. (a) What is dissolution of partnership? Explain the different methods of dissolution of a partnership firm. 3+8=11

(b) Discuss the salient features of the Limited Liability Partnership Act. 11

7. (a) Define negotiable instrument. Explain the different types of negotiable instruments. 3+8=11

(b) Define cheque. Explain the essential elements of cheque. 3+8=11

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