Business Laws Question
Paper 2022
Dibrugarh University BCOM
1st SEM CBCS Pattern
2022 (Nov/Dec)
Paper: C-102 (Business Laws)
Pass Marks: 32
Time: 3 hours
The figures in the margin indicate full marks for the questions
1. (a) Fill in the blanks of the following: 1x5=5
(1) An illegal agreement is a _______
agreement. (valid/void)
(2) Bill of exchange must be accepted by the
_______. (drawer/drawee/payee)
(3) Registration is _______ for an L.L.P.
(optional/compulsory)
(4) Unpaid seller can sue buyer for damages
for non _______. (delivery/acceptance)
(5) Acceptance can be done only by the person
to whom _______ was made. (offer/sale)
(b) Write True or False of the following: 1x3=3
(1) A minor is competent to become a partner
in a partnership firm.
(2) A contract of sale is an executed
contract.
(3) Contract of bailment can become a
voidable contract at the option of bailee.
2. Write short notes on any four of the
following: 4x4=16
(a) Free consent.
(b) Quasi contract.
(c) Unpaid seller.
(d) Gratuitous bailment.
(e) Limited-liability partnership.
(f) Parties to a bill of exchange.
3. (a) Define the term ‘contract’. Explain
the essentials of a valid contract. 11
Or
(b) Discuss the various modes of discharge of
a contract.
4. (a) Define contract of guarantee. Discuss
the essentials of a contract of guarantee. 3+8=11
Or
(b) Discuss the rights and duties of a bailee
in a bailment. 11
5. (a) Define contract of sale. Distinguish between
a sale and an agreement to sell. 3+8=11
Or
(b) Enumerate the remedies for breach of
contract of sale. 11
6. (a) Define the term ‘partnership’. Discuss
in brief the rights and duties of partners. 3+8=11
Or
(b) Explain the different modes of dissolution
of a partnership firm. 11
7. (a) Define negotiable instruments. Explain
the different types of negotiable instruments with example. 3+9=12
Or
(b) Write notes on the following: 6x2=12
(1) Holder in due course.
(2) Dishonour of cheque.
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