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Friday, July 12, 2019

B.Com 2nd Year Question Papers (Distance): Business Regulatory Framework' 2018

Paper: 203
(Business Regulatory Framework)
Full Marks: 90
Time: 3 hours
The figures in the margin indicate full marks for the questions
1. Find the correct answer:                                           1x8=8
a)         Offer and acceptance make contract/agreement.
b)         Quasi-contracts are created by circumstances/parties.
c)          Contract of sale of goods was passed in 1830/1930.
d)         An unpaid seller obtains/does not obtain right against goods.
e)         Bill of Exchange has two/three parties.
f)          Days of grace is allowed/not allowed in cheque.
g)         Consumer Protection Act recognizes eight/six rights of consumer.
h)         FEMA came into force from June 1, 1999/2000.
2. Answer briefly: (any four)                             5x4=20
a)         Void contract.
b)         Caveat emptor.
c)          Implied condition.
d)         Coercion.
e)         Days of grace.
3. (a) Write the essential elements of a valid contract.                                                    13
(b) Discuss the different modes of discharge of contracts.                                        13
4. (a) Distinguish between sale and agreement of sale.                                                  12
(b) Distinguish between condition and warranty. Describe when condition is treated as warranty.  12
5. (a) Define Bill of Exchange. Elucidate its essential elements.             4+8=12
(b) Write the differences between bill of exchange and promissory note.             12
6. (a) What is ‘complaint’ under Consumer Protection Act? Who can file a complaint?      8+4=12
(b) Elucidate the composition of State Commission and its jurisdiction.         12
7. (a) Describe different types of partner according to Indian Partnership Act.      13
(b) Explain ‘Person’ and ‘Person resident in India’ under FEMA.           13


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