2012 (November)
Commerce (General/Speciality)
Course: 102
Full Marks: 80
Time: 3 Hours
1.(a) A
contract is an agreement enforceable by law”. Explain
Or
(b) “ No
consideration, no contract.” Explain. Discuss the exceptions to this rule.
2.(a) Who is
the unpaid seller? Describe briefly his right under the Sale of Goods Act.
Or
(b) Discuss,
with example, the emplied conditions under the Sale of Goods Act 1930.
3.(a) What do
you understand by promissory note? Elucidate the essentials of a promissory
note.
Or
(b) What are
the distinctions between Cheque and Bill of Exchange?
4.(a) Discuss
briefly about the grievance redressal machinery functioning under the
Consumers’ Protection Act.
Or
(b) Explain
how a file complaint under the Consumers’ Protection Act.
5.(a) Who is
an authorized person under the FEMA-2000? Discuss the powers of the Reserve
Bank of India in issuing directions to authorized persons.
Or
(b) Write
notes on:
(i) Prohibited Capital Account Transaction
(ii) Explain the Goods and Services
6. Write
short notes on:
(a) Essentials of contingent
contract
(b) Goods
(c) Modes of crossing
(d) District forum
7. Write
‘Yes’ or ‘No’
(a) A contract is discharged by commercial impossibility.
(b) A quasi-contract is a contract created by low not by the parties.
(c) Condition is a stipulation unessential to the main purpose of a
contract.
(d) To execute a contract of sale, seller and buyer must be there.
(e) A cheque is not payable on demand.
(f) Definition of consumer does not include a person who obtain goods for
resale or for any commercial purpose.
(g) A promissory note may not be in writing.
(h) The Consumers’ Protection Act was passed in 1996.