LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034
B.Com. DEGREE EXAMINATION – COMMERCE
THIRD SEMESTER – April 2009
KP 11
CO 3500 - BUSINESS LAW - I
Date & Time: 05/05/2009 / 9:00 - 12:00 Dept. No.
SECTION A
I Answer ALL questions.
Max. : 100 Marks
(10 x 2 = 20Marks)
1. Define the term ‘Contract’ as given in (Sect 10) of the Indian Contract Act 1872.
2. Define ‘Quasi-Contract.’
3 ..Define ‘General Offer’.
4. Define ‘Cross Offers’ .Give an example..
5. ‘Consideration may be Past ,Present or Future’ .Do you agree?
6. Define ‘Privity of Contract’.
7. Define ‘Guarantee’ Who are the parties involved in it?
8. State the various classification of Bailment.
9. Define ‘Agency by Estoppel’.
10.Define ‘Non-Mercantile Agent’. Give any two examples.
SECTION B
II Answer any FIVE questions:
(5 x 8 = 40marks)
11. Discuss Classification of Contracts.
12. How does an offer lapse? Explain the provisions relating to lapse of an offer under
The Indian Contract Act.
13. Discuss the circumstances under which a contract without consideration is not void.
14. Explain the provisions relating to persons who are not competent to enter into a
Contract.
15. Bring out the important points of differences between Coercion and Undue influence.
16. Define Wagering Agreements. Discuss the essentials of wagering agreements.
17. Define ‘Particular Lien’ and ‘General Lien’ .Bring out the important differences
between the two.
18. What are the modes by which an agency can be terminated?
SECTION C
III.Answer any TWO questions;
(2 x 20 = 40marks)
19. Explain in detail the essentials of valid contract.
20. What do you mean by Discharge of Contract? Discuss the various modes by which a
Contract may be discharged.
21. Discuss in detail the rights of an agent against his principal as provided in the Indian
Contract Act.
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