LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034
B.Com. DEGREE EXAMINATION – COMMERCE
THIRD SEMESTER – November 2008
CO 3500 - BUSINESS LAW - I
Date : 06-11-08
Time : 9:00 - 12:00
Dept. No.
QB 06
Max. : 100 Marks
SECTION –A
(10X2=20 MARKS)
Answer all the questions:
1. What are illegal contracts?
2. Define offer.
3. Who is a Del credue agent?
4. Define a contract of guarantee?
5. What do you understand by wagering agreement?
6. What is the need for consideration?
7. What is free consent?
8. X offered to sell his motor cycle to Y for Rs 20000 y said “I accept your offer, take Rs 10000 in
cash and a promissory note for 30 days for the balance”, did a contract result?
9. What do you mean by particular lien?
10. What are unlawful agreements?
SECTION –B
(5x8= 40 marks)
Answer any FIVE Questions
11. What are void contracts? What are the circumstances under which a contract becomes void?
12. How a continuing guarantee can be revoked?
13. What you understand by doctrine of quantum meruit?
14. What are the consequences of misrepresentation?
15. Distinguish between coercion and undue influence.
16. What do you mean by performance of contract?
17. When can a finder of lost goods sell the goods?
18. What is meant by anticipatory breach of contract?
SECTION-C
(2X20= 40 MARKS)
Answer any TWO Questions
19. What do you mean by contract? List out the essentials of a valid contract?
20. “Any one is not competent to enter into a valid contract”- Explain.
21. What do you mean by discharge of contract? Discuss the various modes by which a contract may
be discharged.
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