BCOC-133 Business Law in English Solved Question Paper December 2021

BCOC-133 Business Law Solved Question Paper December 2021

Business Law
Course Code: BCOC-133

BACHELOR OF COMMERCE (B. COM.)
Term-End Examination
December, 2021
BCOC-133 : BUSINESS LAW
Time : 3 Hours Maximum Marks : 100
Note : Answer any five questions. All questions carry equal marks.
1. Discuss the essential elements of a valid contract with examples. 20
2. Explain the term ‘consideration’ and discuss the exceptions to the rule “No Consideration no Contract”. 5 + 15
3. Who is a ‘minor’ ? Discuss the provisions of law relating to minor’s agreements, with examples. 5 + 15
4. Define bailment and describe its features. Explain various kinds of bailment. 10 + 10
5. (a) Define partnership. “Although sharing of profit is an essential element of a partnership, it is not a conclusive test.” Comment. 4 + 6
(b) Distinguish between dissolution of partnership and dissolution of firm. 10
6. Define a contract of guarantee. Explain the circumstances when a surety is discharged fromthis liability. 4 + 16
7. (a) Define the term ‘goods’ in a contract of sale of goods. What are different types of goods ? 10
(b) Distinguish between ‘sale’ and ‘agreement to sell’. 10
8. (a) Discuss the rules regarding ‘presentment for acceptance’ of a negotiable instrument. 10
(b) What is bill of exchange ? Discuss its essential elements. 2 + 8
9. Discuss in detail the doctrine of ‘supervening impossibility’ with exceptions. 20
10. Write explanatory notes on any two of the following : 10 + 10
(i) Doctrine of Caveat emptor
(ii) Coercion
(iii) Holder in due course
(iv) Irrevocable agency