Business Laws and BRFW Nov' 2016 Question Paper | Dibrugarh University | B.Com 1st Sem (Non CBCS Pattern)

2016 (November)
Course: 102
(Business Laws)
The figures in the margin indicate full marks for the questions
Full Marks: 80
Pass Marks: 24
Time: 3 hours
1. (a) Elucidate the essential elements of a valid contract.           14
(b) Define consideration. Explain the rules regarding consideration.          3+11=14
2. (a) Distinguish between condition and warranty. Illustrate when a condition is treated as warranty with examples. 5+9=14
(b) Elucidate how to file complaint under the Consumer Protection Act.          14
3. (a) Discuss the various ways of crossing of cheques.                   14
(b) Elucidate in detail the characteristics of Negotiable Instrument.                 14
4. (a) Describe the main purpose and characteristics of Industrial Disputes Act, 1947.          5+9=14
(b) Discuss the elements of strike and lockout.                  14
5. Write short notes on:                  4x4=16
a)      Goods.
b)      District Forum.
c)       Minor.
d)      Promissory Note.
6. (a) Write ‘Yes’ or ‘No’:                                   1x5=5
1)      Agreement with a minor is void.
2)      Parties to a contract must be capable of entering into a contract.
3)      An unpaid seller obtains right against goods only.
4)      Any person purchasing goods for resale or other commercial purpose is not considered as a consumer.
5)      According to Sale of Goods Act, 1930, money cannot be regarded as goods.
(b) Fill in the blanks:             1x3=3
1)      The Consumer Protection Act was passed in ____.
2)      Promise in a promissory note must be definite and ____.
3)      Contract is defined under Section ____ of the Indian Contract Act.
(Business Regulatory Framework)
Full Marks: 80
Pass Marks: 32
Time: 3 hours
1. Write short notes on (any four):         4x4=16
a)      Illegal agreement.
b)      Goods.
c)       Bill of Exchange.
d)      District Forum.
e)      Reserve Bank of India.
2. (a) “A contract is an agreement enforceable by law.” Explain.        11
(b) “No consideration, no contract.” Explain. Discuss the exceptions to this rule.            4+7=11
3. (a) Discuss with example, the implied conditions under the Sale of Goods Act, 1930.     11
(b) Elucidate the differences in between sale and agreement to sell.           11
4. (a) Explain ‘crossing of cheque’. Show the various types of crossing with examples.        4+7=11
(b) What are the distinctions between cheque and bill of exchange?          11
5. (a) Elucidate National Commission and its composition.        11
(b) Explain how to file complaint under the Consumer Protection Act.      11          
6. (a) Elucidate the obligations of exporter of goods and services under FEMA, 2000.                 12
(b) Write in short:         6x2=12
                                 i.            Export of goods and services.
                               ii.            Current account transaction.
7. Fill in the blanks:                                          1x8=8
a)      Indian Contract Act was passed in ____.
b)      A contract is not ____ by commercial impossibility.
c)       An ____ seller obtains right against buyer.
d)      Condition is a ____ essential to the main purpose of the contract.
e)      The ____ Instruments Act of India is applicable from 1881.
f)       There are three ____ in a Bill of Exchange.
g)      The Consumer Protection Act was passed in ____.
h)      FEMA, 2000 deals with ____ of goods and services only.