BUSINESS
LAWS IMPORTANT QUESTION
B.Com 1st&
2nd Sem Hons & Non-Hons (CBCS SYLLABUS)
Complete Notes Also Available Click on the Questions Given Below
Unit 1: The Indian Contract Act, 1872 (General Principles)
Part A
Q.”All Contracts are Agreements but all Agreements are not Contract.” Explain. Or what are the essentials of a valid contract? 2012, 2014, 2016, 2019, 2020
Q. What are various types of Contract?
Distinguish between Valid, Void and Voidable contract. 2019
Q. “No Consideration, No Contract”. What are
the Exceptions to this rule? 2012, 2015,
2017, 2018
Q. What is Offer and Acceptance? Explain the
rules relating to offer and acceptance.
Q. What is Free Consent? When a consent is
said to be free?
Q. Write Short notes on:
Ø Fraud and
Misrepresentations
Part B
Q. What are the various modes of Discharge of
a Contract? 2013, 2014, 2017, 2019
Q. What do you mean by Breach of Contract?What are the remedies available for Breach of Contract?
Q. What is contingent contract? Explain its
essentials and rules.
2018
Q. What is Quasi contract? Explain its various
types with examples. 2015
Q. Distinguish between Contingent and Quasi Contract.
Unit II: The Indian Contract Act, 1872: Specific Contracts
Part A
Q.
What is contract of indemnity? Define contract of guarantee? Explain the
distinction between a contract of indemnity and guarantee. 2019
Q.
Define bailment? Explain essentials of a bailment contract.
Q. Write a brief not on various elements of contract of indemnity and guarantee.
Q.
What is Bailment? What are Rights and duties of bailor and Bailee? Explain. 2019
Q.
What is Pledge? Explain essentials of a pledge? Distinguish between bailment
and pledge.
Q.
“Non-owners can make a valid pledge”. Explain.
Q.
Who is finder of goods? Discuss the rights and duties of finder of lost goods.
Q.
What is a continuing guarantee? When and how is it revoked? 2020
Part B
Q.
Who is an agent? What are types of agents? How an agency is terminated?
Q.
State the rights, duties and liability of an agent towards the principal? 2020
Q.
Explain the methods of creation of agency. Discuss the scope and extent of
agent’s authority.
Q.
What do you mean by agency by ratification? Explain conditions of a valid
ratification.
Q.
Who may employ an agent? Who can be an agent? What is real and apparent
authority?
Unit 3: The Sale of Goods Act, 1930
Part A
Q. Discuss Expressed and Implied conditions
under Sale of Goods Act, 1930. 2012,
2014
Q. Distinguish between hire purchase and sale
and agreement to sale.
Q. What do you mean by ‘caveat emptor’? Discuss the exceptions to this rule. 2019
Part B
Q. Explain the rules relating to performance
of contract of sale.
Q. Who is the Unpaid Seller? Discuss briefly
his rights under sale of goods Act, 1930.
2012, 2019
Q. Write Short Note on Goods under Sale of Goods Act.
Q. Explain the provisions of Sale of Goods Act' 1930 relating ot transfer of ownership.
Unit 4: Partnership Laws
Part A
Q. Define
partnership and explain the essential elements of partnership.
Q. State the
rights and duties of partners according to the law of partnership in India. 2020
Q. A
partnership comes into existence by virtue of an agreement and not by status.
Comment.
Q. Is
registration of a firm compulsory? What are the effects of non registration of
a firm? Mention the rights which are not affected by non registration.
Q. State
different types of partners and partnership.
Q. How can a
minor become a partner of a partnership firm? Discuss the rights and
liabilities of a minor partner before and after attaining majority.
Q. Write a
brief note on implied authority of partners.
Q. What is
reconstitution of partnership? Explain the rights of outgoing partners.
Q. What do
you mean by dissolution of partnership and partnership firm? Also distinguish
between them. State various modes of dissolution of partnership firm. 2019,
Q. What are
consequences of dissolution of partnership firm? State the liabilities of
partners in case of dissolution of firm.
Part B
Q. What is an LLP? Explain the
characteristics of an LLP. 2019,
Q. Write a brief note on rights and
liabilities of partners in case of an LLP.
Q. Differentiate between an LLP, a
Partnership firm and a Company.
Q. What are the advantages and
disadvantages of LLPs?
Q. What is a designated partner? How a
partner can be admitted in an LLP?
Q. How an LLP is incorporated?
Q. Write short note on:
Ø LLP
Agreement and its content 2020
Ø Meaning
and Qualification of partnership in case of an LLP
Unit 5: THE NEGOTIABLE INSTRUMENTS ACT, 1881
Part A
Q. Point out differences between bills of exchange and promissory note. 2012, 2013, 2015, 2017, 2018
Q. Mention
the parties to a bill of exchange and discuss their liabilities. 2019
Part B
Q. What is Cheque? Mention its essentials. Draw a specimen of a cheque. 2015, 2017
Q. Distinguish between Cheque and Bills of Exchange.
Q. Difference between Cheque and Promissory note.
Q. What are Various Types of Cheques? Distinguish between them.
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