Business Laws Question Paper' 2021 (Held in 2022), Dibrugarh University B.Com 1st Sem Hons Question Papers

  Dibrugarh University B.Com 1st Sem Question Papers 
2021 (Held in January/February, 2022)
Paper: C – 102 (Business Laws)
Full Marks: 80
Pass Marks: 32

The figures in the margin indicate full marks for the questions.

1. (a) Write True or False:        1x5=5

(1)       Possibility of performance is an essential element for a valid contract.

(2)       Contract with a minor is void ab initio.

(3)       A bill of exchange is an order to pay money.

(4)       The Sales of Goods Act was enacted in the year 1932.

(5)       The Indian Partnership Act and Negotiable Instruments Act were enacted in the same year.

(b) Fill in the blanks:         1x3=3

(1)       ‘Caveat Emptor’ means _______ be aware. (buyer/seller)

(2)       Registration of a partnership firm is _______. (compulsory/optional)

(3)       Partners of an unregistered firm _______ sue against their co-partners. (can/cannot)

2. Write short notes on (any four):                4x4=16

(a)       Express contract.

(b)       Executory contract.

(c)        Agreement to sell.

(d)       Essentials of partnership.

(e)       Partnership deed.

(f)         Parties to a bill of exchange.

3. (a) “All contract are agreements, but all agreements are not contract.” Discuss the statement.      11


(b) Under which circumstances consent is not treated as free consent? Discuss.      11

4. (a) Define bailment. Discuss the rights and responsibilities of a bailee.       3+8=11


(b) What do you mean by principal? Discuss the rights and duties of a principal.        3+8=11

5. (a) Define the term ‘goods’. What are the different types of goods?            3+8=11


(b) Who is an unpaid seller? What are the rights of an unpaid seller?        3+8=11

6. (a) Discuss the nature and features of limited liability partnership.          11


(b) Define partnership. Explain the various types of partners.                11

7. (a) What is meant by crossing of cheque? Explain the various types of crossing.              3+9=12


(b) Write notes on:                                      6+6=12

(1)       Dishonor of cheque.

(2)       Different types of negotiable instruments.


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