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Saturday, July 11, 2020

Dibrugarh University Question Paper (B.Com 1st Sem CBCS Pattern): Business Laws (HONS)' 2019

2019 (December)
Paper: C - 102
 (Business Law)
Full Marks: 80
Pass Marks: 32
Time: 3 hours
The figures in the margin indicate full marks for the questions
1. Write True or False:                                                    1x8=8

a)         Quasi-contracts are created by circumstances, not by the parties.
b)         A specific offer can be accepted by any party.
c)          Money is considered as ‘goods’ under the Sale of Goods Act.
d)         An insolvent cannot enter into a contract.
e)         An agent is a link in between the principal and the third parties.
f)          Registration of a partnership firm is compulsory.
g)         An agreement to sale is an executor contract.
h)         The Indian Contract Act was enacted at 1972.
2. Write short notes (any four):                                     4x4=16
a)         Void Contract.
b)         Days of grace.
c)          Types of goods.
d)         Crossing of cheque.
e)         Free consent.
f)          Essentials of a contract of sale.
3. (a) What do you mean by contract? Describe briefly the essentials of a valid contract.       3+8=11
(b) Discuss the different types of contract.                                          11
4. (a) What is a contract of indemnity? How does a contract of indemnity differ from a contract of guarantee?    3+8=11
(b) Define bailment. Discuss the rights and responsibilities of a bailee.                 3+8=11
5. (a) What do you mean by ‘caveat emptor’? Discuss the exceptions to this rule.       3+8=11
(b) Discuss the rights of an unpaid seller.                                            11
6. (a) Mention the parties to a bill of exchange and discuss their liabilities.     3+8=11
(b) What do you mean by cheque? What are the distinctions between cheque and bill of exchange?3+8=11
7. (a) Define partnership. Describe the different methods of dissolution of partnership firms.   3+9=12
(b) What do you mean by limited liability partnership? What are the features of LLP?                                      4+8=12

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