Business Laws and BRFW Nov' 2018 Question Paper | Dibrugarh University | B.Com 1st Sem (Non CBCS Pattern)

Course: 102
The figures in the margin indicate full marks for the questions
(Business Laws)
Full Marks: 80
Pass Marks: 24
Time: 3 hours

1. Fill in the blanks:                           1x4=4
a)         Agreement with a minor is _____.
b)         Parties’ _____ capable of entering into contract.
c)          A sale is an _____ contract.
d)         Promissory Note has _____ parties.
2. Write True or False:                                                    1x4=4
a)         Money cannot be treated as goods.
b)         The Consumer Protection Act was passed in 1986.
c)          National Saving Certificate is negotiable instrument.
d)         Industry and industrial disputes are same.
3. Define consideration. Explain the rules regarding consideration.          14
What is meant by contingent contract? Describe its essentials and rules.         2+(3+9)=14
4. Elucidate the differences between condition and warranty. Describe the implied conditions in the Sale of Goods Act with examples.            4+10=14
Elucidate District Forum and its composition.               14
5. Define Promissory Note. Describe the essential elements of a promissory note.    4+10=14
Discuss the various ways of crossing of cheque with examples.                              14
6. Explain the main objectives and features of the Industrial Disputes Act, 1947.        14
Write notes on:      7x2=14
1)         Public utility service.
2)         Workmen according to the Industrial Disputes Act, 1947.
7. Write short notes on (any four):                                           4x4=16
a)         Undue influence.
b)         Capacity of the parties.
c)          Consumer.
d)         Elements of strike.
e)         Elements of sale.
f)          Bill of exchange.
(Business Regulatory Framework)
Full Marks: 80
Pass Marks: 32
Time: 3 hours

1. Write short notes on (any four):               4x4=16
a)         Void agreement.
b)         Discharge of contract.
c)          ‘Condition’ as per the Sale of Goods Act.
d)         Bill of exchange.
e)         Consumer.
f)          Current Account transaction.
2. (a) “Contract is an agreement enforceable by law.” Explain.                  11
(b) Elucidate the quasi-contracts recognized by the Indian Contract Act.                            11
3. (a) Describe with examples the implied conditions under the Sale of Goods Act, 1930.     11
(b) What is condition? Discuss its differences with warranty. When are conditions treated as warranty?             3+4+4=11
4. (a) Show the differences of Promissory Note with Bill of Exchange.                     11
(b) Analyze the elements of Bill of Exchange.                                                  11
5. (a) Elucidate State Commission and its composition.                                   11
(b) Discuss the process of filing a complaint under the Consumer Protection Act.          11
6. (a) State the salient features of the Foreign Exchange Management Act.      12
(b) Write in short:
1)         Capital Account transaction.                         6
2)         Foreign exchange.                                       6
7. Fill in the blanks:                                          1x8=8
a)         The Indian Contract Act was passed in _____.
b)         Consideration need not be _____.
c)          _____ to sell is an executor contract.
d)         To execute a contract of sale, price is _____.
e)         _____ of Indian was passed in 1881.
f)          Consumer is defined under section _____ of the Consumer Protection Act.
g)         Members of District Forum must consist of _____ member.
h)         The full form of FEMA is _____.

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