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

BCOC-133 Business Law Solved Question Paper JUNE 2022

Business Law
Course Code: BCOC-133

BACHELOR IN COMMERCE (B. COM.)
Term-End Examination
June, 2022
BCOC-133 : BUSINESS LAW
Time : 3 Hours Maximum Marks : 100
Note : Answer any five questions. All questions carry equal marks.
1. What is a contract ? Explain the essential elements of a valid contract giving suitable examples. 4, 16
2. (a) What is an acceptance ? How can an offer be accepted ? Who can accept an offer ? 4, 4, 4
(b) “An invitation to offer is not an offer.” Comment. 8
3. (a) Who is competent to contract ? State the position of contracts with minor. 4, 8
(b) Distinguish between coercion and undue influence. 8
4. Define a contract of guarantee. State the rights of surety against (i) principal debtor, (ii) the creditor and (iii) co-sureties. 5, 15
5. Discuss the essentials of a contract of bailment and state the rights and duties of a bailee. 8, 6, 6
6. (a) How will you determine whether a group of persons is a partnership or not ? Explain. 8
(b) What are the effects of non-registration of partnership firm ? What are the exceptions of non-registration ? 6, 6
7. (a) What is meant by goods in a contract of sale ? Explain the various types of goods. 6, 8
(b) Distinguish between „condition‟ and „warranty‟. 6
8. (a) Discuss the different types of endorsements. 12
(b) What are the various types of bills ? Explain. 8
9. Write explanatory notes on any two of the following : 10, 10
(i) Consideration
(ii) Quantum Meruit
(iii) Irrevocable agency
(iv) Unpaid seller