Dibrugarh University| B.COM - (CBCS)| BUSINESS LAW - (C - 102)| Question Paper - (DEC) - 2019| 1st Semester
1 SEM TDC BL CBCS C - 102
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 Ture 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 executory contract.
(h) The Indian Contract Act was enacted in 1972.
2. Write short notes on (any four):
4x4=16
(a) Void contract
(b) Days of grace
(c) Types of goods
(d) Crossing of cheques
(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.
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.
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.
Or
(b) What do you mean by limited liability partnership? What are the
features of LLP? 4+8=12
***
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