LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034 B.Com. DEGREE EXAMINATION – CORPORATE SECRETARYSHIP THIRD SEMESTER – April 2009 IR 04 BC 3500 / CR 3500 - MERCANTILE LAW Date & Time: 05/05/2009 / 9:00 - 12:00 Dept. No. Max. : 100 Marks SECTION – A Answer ALL questions. (10 x 2 = 20) 1. Define the term ‘offer’. 2. What is Contingent Contract? 3. What is Free consent? 4. Explain capacity to contract. 5. Define the contract of insurance. 6. Who is a common carrier? 7. What is meant by private carrier? 8. Explain the term performance of contract. 9. Who is an agent? 10. Who is an unpaid seller? SECTION - B Answer any FIVE questions only. (5 x 8 = 40) 11. Explain the legal provisions relating to a valid offer. 12. What are the legal rules regarding consideration? 13. Describe the various modes by which a contract can be discharged. 14. What are the different kings of marine insurance policies? 15. State the duties of a common carrier. 16. Explain different kinds of agent. 17. Can non-owners effect sales? if so explain. 18. What are the main objects of Central Sales Tax Act? SECTION – C Answer any TWO questions only. (2 x 20 = 40) 19. Describe the essentials of a valid contract. 20. Explain the ways by which an agency can be terminated. 21. What are the rights and duties of buyer under the sale of goods Act? ************