2017
(August)
COMMERCE
Paper: 203
(Business Regulatory Framework)
Full Marks: 90
Time: 3 hours
The figures in the
margin indicate full marks for the questions
1.
(a) What are the essential elements of a valid contract? 12
Or
(b) ‘No consideration no contract’ – explain. Discuss the exceptions
to this rule. 12
2.
(a) Who is an unpaid seller? Discus his rights. 13
Or
(b) Discuss the implied conditions under the Sale of Goods
Act, 1930. 13
3.
(a) What do you understand by Promissory Note? Elucidate the essentials of a promissory
note. 4+8=12
Or
(b) Write the differences between Cheque and Bill of
exchange. 12
4.
(a) Explain how to file complaint under the Consumers’ Protection Act. 12
Or
(b) Define Partnership firm. Elucidate the main features of
a partnership firm. 4+8=12
5.
(a) Explain the obligations of exporter of goods and services under FEMA-2000. 13
Or
(b) Write notes on:
1)
Current Account Transaction. 7
2)
Prohibited Capital Account Transaction. 6
6.
Write short notes on: 5x4=20
a)
Illegal agreements.
b)
Unpaid seller.
c)
Special Crossing of a cheque.
d)
District Forum.
7.
Write True or False: 1x8=8
a)
Offer may be implied.
b)
Contract is discharged by commercial
impossibility.
c)
Money cannot be a subject matter of sale under
Sale of Goods Act, 1930.
d)
Condition is an unessential stipulation to main
purpose of a contract.
e)
The Negotiable Instrument Act of India is
applicable from 1981.
f)
A cheque is not payable on demand.
g)
District Forum can entertain complaints where
the value of goods / services and compensation, if any, exceeds rupees twenty
lakh.
h)
FEMA-2000 deals with export of goods and
services only.
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