LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034
B.Com. DEGREE EXAMINATION – COMMERCE
SUPPLEMENTARY EXAMINATION – JUNE 2009
CO 3500 - BUSINESS LAW - I
Date & Time: 27/06/2009 / 10:00 - 1:00 Dept. No.
Max. : 100 Marks
SECTION-A (10 x 2 = 20 MARKS)
ANSWER ALL QUESTIONS
1.Define "consideration"
2.Who is a minor?
3.Explain the term void agreement.
4.What is contigent contract?
5.What is meant by performance of a contract?
6.What are the modes of discharge of contract?
7.Explain the provisions relating to Quasi contract.
8.Write a note on suit for injunction.
9.Define indemnity.
10.What is "pledge"?
SECTION-B(5 x 8 = 40 MARKS)
ANSWER ANY FIVE QUESTIONS
11.Define the term 'offer'.Explain the rules regarding the offer.
12.What are the remedies available to an agreed party for Breach of contract?
13.Quasi-Contracts are not implied contracts-comment
14..Explain how contracts are discharged by mutual agreement
15.Explain the circumstances in which a surety is discharged from liability.
16.Distinguish between Bailment and Pledge
17.What are the essentials of a valid contract of guarantee?
18.Explain the circumstances under which an agency can be terminated.
SECTION-C(2 x 20 = 40 MARKS)
ANSWER ANY TWO QUESTIONS
19.What is contract? Explain the essential elements of a valid contract.
20.Define bailment . Explain the essentials of valid bailment.
21.What is a contract of agency?What are the essentials of relationalship of
agency?”
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