BCOC-133 Business Law in English Solved Question Paper December 2022

BCOC-133 Business Law Solved Question Paper December 2022

Business Law
Course Code: BCOC-133

BACHELOR OF COMMERCE (GENERAL)
(BCOMG)
Term-End Examination
December, 2022
BCOC-133 : BUSINESS LAW
Time : 3 hours Maximum Marks : 100
Note : Answer any five questions. All questions carry equal marks.
1. What is an offer ? How is it made ? Discuss the legal rules for a valid offer. 4+4+12
2. (a) Define consent. When is consent said to be free ? 4+4
(b) What is fraud ? Discuss the elements which must be present in the act to constitute fraud, with suitable examples. 4+8
3. (a) Explain the legal rules for a valid consideration with examples. 12
(b) ‘‘A stranger to a contract cannot sue.’’ Discuss. 8
4. (a) When is the contract discharged by mutual agreement and operation of law ? Explain. 10
(b) ‘‘An agreement in restraint of trade is void.’’ Examine this statement and explain exceptions to it, if any. 10
5. (a) What are those situations when a non-owner of goods can make a valid pledge ? 10
(b) Explain rights and duties of finder of goods. 10
6. (a) Define an ‘Agent’ and ‘Principal’. Can a minor be an agent ? Discuss. 4+6
(b) What is an irrevocable agency ? Explain the conditions when an agency becomes irrevocable. 2+8
7. (a) What is Limited Liability Partnership ? What are its characteristics ? 2+10
(b) Differentiate between Limited Liability Partnership and Partnership. 8
8. Explain in detail with suitable examples the implied conditions in a contract of sale of goods. 20
9. Write explanatory notes on any two of the following : 2*10=20
(a) Presentment for Acceptance
(b) Sale by Non-owners
(c) Modes of Dissolution of Partnership Firm
(d) Quasi Contracts