Business Laws Question Paper Dec' 2020 (Held in 2021) | Dibrugarh University | B.Com 1st Sem Hons (Non CBCS Pattern)

  Dibrugarh University B.Com 1st Sem Question Papers 
2 0 2 1 (March)
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:                    1×8=8

a)         The Indian Contract Act was passed in 1873.

b)         A quasi-contract is a contract created by law, not by the parties.

c)          Registration of a partnership firm is not compulsory.

d)         The rights and liabilities of partners of LLP are stated in the LLP agreement.

e)         A cheque is not payable on demand.

f)          Days of grace is counted in cheque.

g)         To execute a contract of sale; seller and buyer must be there.

h)         Implied warranties are not written in a contract of sale.

2. Write short notes on (any four):                           4×4=16

a)         Free consent.

b)         Elements of a contract of sale.

c)          Rights of partners.

d)         Kinds of bailment.

e)         Voidable agreements.

f)          Negotiable instrument.

3. (a) “A contract is an agreement enforceable by law.” Explain.                 11


(b) Discuss in brief the various modes of discharge of a contract.               11

4. (a) What is a continuing guarantee? When and how is it revoked?        4+7=11


(b) Briefly explain the duties of an agent towards his principal. What are his rights against the principal?   5+6=11

5. (a) Distinguish between a sale and an agreement to sell. What are the essential elements of sale?   6+5=11


(b) State the rules in regard to passing of property from a seller to a buyer in a contract for sale of goods.             11

6. (a) How and why is cheque crossed? Distinguish between cheque crossed generally and cheque crossed specially. Illustrate your answer with examples of both the types of crossing of cheques. 4+4+3=11


(b) Define holder in due course. State and explain the privileges of a holder in due course under the provisions of the Negotiable Instrument Act.                                                         4+7=11

7. (a) State the rights and duties of partners according to the law of partnership in India.                               6+6=12


(b) What is an LLP agreement? What are the contents of such agreement?                          4+8=12

Also Read: Business Laws Question Paper Non-CBCS Pattern

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