Dibrugarh University B.Com First Sem: Business Laws Question Papers (Nov' 2019)

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. (a) Write True or False:                                                                           1x5=5
1)         A contract with a person of unsound mind is void.
2)         Agreement to sell is an executed contract.
3)         The Consumer Protection Act was enacted in the year 1896.
4)         Crossed cheque can be exchanged at bank counter.
5)         Public utility services do not include railway service.
(b) Choose the correct answer:                                                         1x3=3
1)         The Indian Contract Act was passed in 1872/1873.
2)         The Sale of Goods Act includes/does not include sale of house property.
3)         The Industrial Disputes Act helps in the creation and maintenance of healthy industrial relations. (True/False).
2. Explain (any four):                                                     4x4=16
a)         Contract.
b)         Goods.
c)          Consumer’s right.
d)         Cheque.
e)         Bonus.
3. (a) What are negotiable instruments? Discuss in detail the characteristics of negotiable instruments. 4+10=14
(b) Define Bill of Exchange. Compare Promissory Note with Bill of Exchange.                   4+10=14
4. (a) Write the meaning of industry. Illustrate in detail the prohibitions of strikes and lockouts. 4+10=14
(b) What is meant by industrial dispute? Explain the disputes termed as industrial dispute. 3+11=14
5.(a) What is meant by unpaid seller? Elucidate the implied conditions as per the Sale of Goods Act, 1930.      4+10=14
(b) Explain how to file complaint under the Consumer Protection Act.                 14
6. (a) “All contracts are agreement but all agreements are not contract.” Explain.              14
(b) What is quasi-contract? Elucidate different types of quasi-contract as per the Indian Contract Act, 1872.    4+10=14
(Business Regulatory Framework)
Full Marks: 80
Pass Marks: 32
Time: 3 hours
1. Write True or False:                                                                   1x8=8
a)         The Indian Contract Act was passed in 1873.
b)         Void agreement and void contracts are not same.
c)          Sale is an executed contract.
d)         Implied warranties are not written in sale agreement.
e)         The Negotiable Instrument Act was passed in 1781.
f)          Days of grace are not allowed in cheque.
g)         The Consumer Protection Act was passed in 1886.
h)         Consumers have 10 rights as per the Consumer Protection Act.
2. Write notes (any four):                                                     4x4=16
a)         Illegal agreements.
b)         Future goods.
c)          Open cheque.
d)         Functions of the Reserve Bank of India.
e)         District Forum.
f)          Price.
g)         Coercion.
3. (a) Explain the essential elements of a valid contract.                      11
(b) “No consideration no contract.” Discuss the exceptions to this rule.              11
4. (a) Distinguish between sale and agreement to sell.                                                                   11
(b) Discuss the essential elements of sale under the Sale of Goods Act, 1930.                  11
5. (a) Elucidate the characteristics of negotiable instrument.                                                        11
(b) How is cheque crossed? Write the various types of crossed cheque?             3+8=11
6. (a) Explain consumers’ rights according to the Consumer Protection Act.                          11
(b) Explain ‘complaint’ under the Consumer Protection Act. Who can file a complaint? Write. 4+7=11
7. (a) Elucidate ‘person’ and ‘person resident of India’ under FEMA.                  12
(b) Write notes on:                                                            6x2=12
1)         Foundation of the Reserve Bank of India.
2)         Authorised person.


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