Assam University B.Com 1st Sem Question Papers
TDC (CBCS) Odd Semester Exam., 2021
COMMERCE
(1ST Semester)
(Business Law)
Full Marks: 70
Pass Marks: 28
Time: 3 hours
The figures in the margin indicate full marks for the questions
Answer all questions
SECTION – A
1. Answer any ten questions of the following:
2x10=20
(a) What is counteroffer?
(b) Define undue influence.
(c)
What do you mean by fraud?
(d) Define void agreement.
(e) Who is surety?
(f)
Who is a del credere agent?
(g) Define contingent goods.
(h) What is meant by symbolic delivery?
(i)
Define partnership.
(j)
What is insolvency of a
partner?
(k) Define designated partner.
(l)
Mention any two disadvantages
of limited liability partnership.
(m) Who is an unpaid seller?
(n) Mention any two points of distinction between sale and hire purchase
agreement.
(o) What is gratuitous bailment?
(p) Who is a principal debtor?
(q) What do you understand by general crossing of cheques?
(r)
What is negotiable instrument?
(s)
What is blank endorsement?
(t)
What do you mean by protesting?
SECTION – B
Answer any five of the
following questions: 10x5=50
2. Discuss the essential elements of a valid
contract.
3. Discuss the different modes of discharge
of contract.
4. Distinguish between a contract of
guarantee and a contract of indemnity.
5. Distinguish between pledge and bailment.
6. Distinguish between sale and agreement to
sell.
7. Discuss the rights of an unpaid seller.
8. Explain the rights and duties of partners.
9. Briefly discuss the procedure of
registration of limited liability partnership.
10. Distinguish between a bill of exchange
and a promissory note.
11. Who is holder in due course? Examine the
privileges of a holder in due course.
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