LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

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LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034
B.Com. DEGREE EXAMINATION – CORPORATE SEC.
THIRD SEMESTER – NOVEMBER 2010
BC 3500 - MERCANTILE LAW
Date : 30-10-10
Time : 9:00 - 12:00
Dept. No.
Max. : 100 Marks
SECTION – A
ANSWER ALL THE QUESTIONS.
(10 x 2=20)
1) What is ‘consensus ad idem’?
2) What constitutes an offer?
3) Give two examples for wagering agreement.
4) Who can demand performance?
5) Define ‘misrepresentation’.
6) What is ‘causa proxima’?
7) Explain the concept of reinsurance.
8) What is insurable interest?
9) State the meaning of ‘tender’?
10) Define ‘goods’ under CST Act.
SECTION – B
ANSWER ANY FIVE QUESTIONS.
(5 x 8=40)
11. Discuss the essential elements of fraud.
12. Enumerate the legal rules related to offer.
13. Explain briefly the fundamental principles of insurance.
14. What is agency by ratification? Explain the requisites of a valid ratification.
15. “A seller cannot convey a better title to the buyer than he himself has.” Discuss
the rule
and state the exceptions.
16. What is ‘turnover’ as per the CST Act of 1956?
17. What are the implied conditions in contract for sale of goods?
18. Explain any eight types of fire insurance policies.
SECTION – C
ANSWER ANY TWO QUESTIONS.
(2 x 20=40)
19. How are contracts classified? Explain with illustrations.
20. Discuss the rights, duties and liabilities of a common carrier.
21. What are the various ways through which a contract may be discharged?
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