IGNOU| BUSINESS LAW (BCOC - 133)| QUESTION PAPER – (JUNE - 2022)| B.COM| ENGLISH MEDIUM
BACHELOR IN COMMERCE
(B. COM.)
Term-End Examination
June, 2022
BUSINESS LAW
BCOC-133
Time: 3 Hours
Maximum Marks: 100
Note: Answer any five questions. All questions carry equal marks.
1. What is a contract? Explain the essential elements of a
valid contract giving suitable examples. 4, 16
2. (a) What is an acceptance? How can an offer be accepted?
Who can accept an offer? 4, 4, 4
(b) "An
invitation to offer is not an offer." Comment. 8
3. (a) Who is competent to contract? State the position of
contracts with minor. 4, 8
(b) Distinguish
between coercion and undue influence. 8
4. Define a contract of guarantee. State the rights of
surety against (i) principal debtor, (ii) the creditor and (iii) co-sureties.
5, 15
5. Discuss the essentials of a contract of bailment and
state the rights and duties of a bailee. 8, 6, 6
6. (a) How will you determine whether a group of persons is
a partnership or not? Explain. 8
(b) What are the
effects of non-registration of partnership firm? What are the exceptions of
non-registration? 6, 6
7. (a) What is meant by goods in a contract of sale? Explain
the various types of goods. 6, 8
(b) Distinguish
between 'condition' and 'warranty'. 6
8. (a) Discuss the different types of endorsements. 12
(b) What are the
various types of bills? Explain. 8
9. Write explanatory notes on any two of the following:
10, 10
(i)
Consideration
(ii) Quantum
Meruit
(iii)
Irrevocable agency
(iv) Unpaid
seller
***
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