Business Laws and BRFW Nov' 2015 Question Paper | Dibrugarh University | B.Com 1st Sem (Non CBCS Pattern)

2015 (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. Fill in the blanks:                                                          1x4=4
a)      A contract is not ____ by commercial impossibility.
b)      Indian Contract Act was enacted in ____.
c)       A sale is an ____ contract.
d)      State Commission can entertain complaints of goods/services up to Rs. ____.
2. Write ‘True’ or ‘False’:                                              1x4=4
a)      Promissory Note involves three parties.
b)      National Savings Certificates are not negotiable instrument.
c)       Public Utility Services includes railway service.
d)      Industrial Disputes Act was enacted in 1948.
3. (a) “No consideration no contract.” Explain. Discuss the exceptions to this rule.    4+10=14
(b) Define quasi-contract. Explain various quasi-contracts provided for by the Indian Contract Act.            4+10=14
4. (a) Elucidate the essential elements of a contract of sale under the Sale of Goods Act, 1930.      14
(b) Describe the jurisdiction and composition of District Forum.            4+10=14
5. (a) Define Promissory Note. Discuss the essential elements of a Promissory Note.       4+10=14
(b) What is a cheque? Distinguish between Cheque and Bill of Exchange.       4+10=14
6. (a) Write notes on (any two):                   7x2=14
                                 i.            Strike.
                               ii.            Lockout.
                              iii.            Public Utility.
(b) Write the meaning of industry. Illustrate in detail the prohibition of strikes and lockouts.   5+9=14
7. Write in short (any four):                   4x4=16
a)      Voidable Contract.
b)      Free consent.
c)       Unpaid seller.
d)      Consumer.
e)      Objectives of Industrial Dispute Act.
f)       Crossing of cheques.
(Business Regulatory Framework)
Full Marks: 80
Pass Marks: 32
Time: 3 hours
1. Write short notes on (any four):                           4x4=16
a)      Voidable contract.
b)      ‘Price’ according to the Sale of Goods Act.
c)       Consumer.
d)      Contingent contract.
e)      Coercion.
f)       Person having the right of crossing a cheque.

2. (a) Describe various ways for discharge of contract.     11
(b) What is contract? Discuss briefly the essential elements of a contract.          4+7=11
3. (a) Explain the essential elements of Sale of Goods Act, 1930.                11
(b) Define warranty. Distinguish between conditions and warranties. When conditions are treated as warranties?    3+6+2=11
4. (a) What is meant by Promissory Note? Elucidate its essentials.         3+8=11
(b) Distinguish between Bill of Exchange and Promissory Note. Give two examples of quasi-negotiable instruments.                                                                                                                                                                                                       9+2=11
5. (a) Discuss the objects of Consumer Protection Act, 1986.     11
(b) Who is a consumer as defined in the Consumer Protection Act, 1986? Discuss the type of rights given to a consumer by the Act.           3+8=11
6. (a) Write notes on (any two):                6x2=12
                                 i.            Capital Account transactions.
                               ii.            Authorized person.
                              iii.            Foreign exchange.
(b) What is Foreign Exchange Management Act? State the salient features of this Act. 4+8=12
7. Write True or False:                                    1x8=8
a)      The Indian Contract Act was enacted in 1972.
b)      Consideration may not be adequate.
c)       An agreement to sell is an executed contract.
d)      Sale of land and building is completed according to the provision of Sale of Goods Act, 1930.
e)      Crossed cheque can be exchanged in bank for hard cash.
f)       Bill of Exchange has two parties.
g)      Consumer Protection Act recognizes six rights of consumers.
h)      FEMA is in force from the year 2000.