Business Laws Important Questions [Dibrugarh University BCOM 5th SEM NEP Syllabus]

Business Laws Important Questions

[Dibrugarh University BCOM 5th SEM NEP Syllabus]

In this page, you will get Business Laws Important Questions which are useful for Dibrugarh University BCOM 5th SEM NEP Syllabus and all other universities covered under NEP Syllabus.

These Important Questions are Useful for:

- Dibrugarh University

- Gauhati University

- Assam University

- IGNOU

We update this page frequently to add new questions. Chapter wise Business Law Notes are also included in this post. 

Unit 1: The Indian Contract Act, 1872

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, 2021, 2022

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?  2021

Q. Write Short notes on:

Ø  Fraud and Misrepresentations

Ø  Undue influence

Ø  Position of Minor

Part B

Q. What are the various modes of Discharge of a Contract? 2013, 2014, 2017, 2019, 2022

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, 2022SN

Q. Distinguish between Contingent and Quasi Contract.

Unit 2: Part A

The Sale of Goods Act, 1930

Q. Define the term Contract of Sale. What are the essentials elements of a contract of sale? Distinguish between Sale and Agreement to Sale. 2013, 2015, 2017, 2020, 2022 

Q. Distinguish between Condition and Warranty. Explain the cases where condition is treated as warranty.  2013, 2016, 2018

Q. Discuss Expressed and Implied conditions under Sale of Goods Act, 1930.   2012, 2014

Q. “No one can give a better title than whathe himself has.” Considering this rule explain the provisions relating transfer of goods by a non-owner/exceptions.

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

Q. Define the term goods. What are the different types of goods? 2021

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, 2022SN

Q. What do you mean by Delivery of Goods? Mention its various modes. Explain various rules regarding delivery of goods.

Q. Explain the provisions of Sale of Goods Act' 1930 relating ot transfer of ownership.

Q. What is Breach of Contract? What are the remedies available for the breach of contract of sale?  2022

Unit 2: Part B

THE NEGOTIABLE INSTRUMENTS ACT, 1881

Q. Define the term Negotiable instruments. What are its presumptions? Mention its essential features.  2012, 2016, 2021, 2022

Q. Define Bills of exchange. Mention its essentials. Draw a Specimen of Bills of Exchange.   2012, 2013, 2015, 2017, 2018

Q. Define Promissory note. Mention its essentials. Draw a Specimen of Promissory Note. 2012, 2013, 2015, 2017, 2018

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, 2022

Q. Define Holder and Holder in due course and also distinguish between them. Explain the privileges’ enjoyed by Holder over holder in due course.2020, 2022

Q. What is Cheque? Mention its essentials. Draw a specimen of a cheque. 2015, 2017

Q. Distinguish between Cheque and Bills of Exchange. 2015, 2017

Q. Difference between Cheque and Promissory note.

Q. What are Various Types of Cheques? Distinguish between them.

Q. When a banker may honour or dishonour a cheque? 2021, 2022

Q. Explain the meaning of negotiation andendorsement. What are its various kinds? Explain the rules relating to valid endorsement.

Q. What do you mean by crossing of a cheque? What are its various types? Explain with examples 2014, 2016, 2018, 2020. 2021

Unit 3: Consumer Protection Act 1986

Q. Mention the Basic features and Objectives of Consumer Protection Act, 1986.      2014, 2017

Q. Who is a Consumer under Consumer Protection Act,1986? What are their rights and responsibilities?

Q. Explain the term Complaint and Complainant. Describe the procedure for filling complaints.   2013, 2016

Q. Write short notes on:

- Grievance Redressal Machinery under Consumer Protection Act (District, State and National)

- District Forum    2015, 2018

- State Forum   2013

- National Forum

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.     2020,2022

Q. A partnership comes into existence by virtue ofan agreement and not by status. Comment. (True test of Partnership)

Q. Is registration of a firm compulsory? What are the effects of non-registration of a firm? Mention the rights which are notaffected by non-registration. 

Q. State different types of partners and partnership.        2021

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. 

Q. State various modes of dissolution of partnership firm.  2019, 2022

Q. What are consequences of dissolution of partnership firm? State the liabilities of partners in case of dissolution of firm.

Q. What is partnership deed? Mention its contents.         2021SN

Part B

Q. What is an LLP? Explain the characteristics of an LLP.    2019, 2021

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:

- LLP Agreement and its content 2020

- Meaning and Qualification of partnership in case of an LLP