LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034
B.Com. DEGREE EXAMINATION – COMMERCE
FOURTH SEMESTER – APRIL 2007
TH 10
CO 4501 - BUSINESS LAW - II
Date & Time: 24/04/2007 / 9:00 - 12:00
Dept. No.
Section – A
Answer All Questions
Max. : 100 Marks
(10 X 2 = 20)
1) A Customer gives his tailor a length of suiting and requires him to make a suit
for him, the lining materials and the buttons to be supplied by the tailor. State
the nature of the transaction
2) Define “Turnover” as per the Central Sales Tax Act 1956
3) Who is a “Casual Trader” under the T.N.G.S.T Act 1959
4) A of Delhi comes to Mumbai and purchases goods from B in Mumbai. After
purchasing, A transports these goods to Delhi in his own name. Is this sale
chargeable to Central Sales tax?
5) What do you mean by Insurable Interest
6) Define ‘Whole Sale dealer’ under the central Excise Act 1944
7) When is a sale or purchase of goods said to take place in the course of import
or export.
8) Write a note on endowment Policy
9) Define the concept of “Charter party” under the carriage of goods Act.
10) Bring out the meaning of ‘Subrogation’ under the insurance contract
Section – B
Answer Any Five Questions
(5 X 8 = 40)
11) Sate the doctrine of caveat emptor and the exceptions to it.
12) Enumerate and explain the rights and the liabilities of a common carrier
13) What is a contract of insurance? Explain the basic principles of the law of
Insurance.
1
14) State and explain in detail the provisions for the levy and the collection of
excise duty under the Central Excise Act 1944
15) State the implied conditions in a contract for the sale of goods.
16) Define the following terms as per the T.N.G.S.T Act 1959 with suitable
illustrations
a. Turnover
b. Total Turnover
c. Taxable Turnover
17) Distinguish between sale and an Agreement to Sell
18) What is auction sale? What are the rules relating to auction sale?
Section – C
Answer Any two Questions
(2 X 20 = 40)
19) When is a seller of goods deemed to be a unpaid seller? What are the rights
against
a. the goods
b. the buyer personally?
20) Discuss in detail the provisions regarding the following as per the CST act
1956
a. Sale or purchase of goods in the course of inter-state trade
b. Sale or purchase of goods outside a state
c. Registration of dealers
21) “Delivery does not amount to acceptance of goods” Discuss, when a buyer
can be said to have accepted the goods and the rules as to delivery of goods
with proper illustrations
******
2