CLASS: B.Com. C.A.
13N/149
St. JOSEPH’S COLLEGE (AUTONOMOUS) TIRUCHIRAPPALLI – 620 002
SEMESTER EXAMINATIONS – NOVEMBER 2013
TIME: 3 Hrs.
MAXIMUM MARKS: 100
SEM
SET
PAPER CODE
TITLE OF THE PAPER
V
2011
11UCC530214
BUSINESS LAW
SECTION – A
Answer all the questions:
20 x 1 = 20
Choose the correct answer:
1. Bilateral contracts are similar to
a) Executive contract
b) Executors contract
c) Unilateral contract
d) (a) or (b)
2. In India minor’s contracts are absolutely
a) Void
b) Voidable
c) Valid
d) None of these
3. An agreement caused by undue influence in a contract is
a) Valid
b) Void
c) Voidable
d) None of these
4. No contract between
a) Master and servant
b) Principal and agent
c) Agent and subagent
d) Master and servant cum agent
5. Put like a/c is the essential element in contract of sale.
a) Price
b) Parties
c) Goods
d) All of these
Fill in the blanks:
6.
A minor ________ be appointed as an agent.
7.
Right of lien is linked with ________.
8.
Pledge is a kind of ________.
9.
An agreement in restraint of marriage is ________.
10. In English language equal word of coercion is ________.
State True or False:
11. An agency coupled with interest is irrevocable.
12.
A principal is liable for frauds of his agent.
13.
A railway receipt is not a document of title.
14.
Sharing of profits is a conclusive evidence of partnership.
15.
An agreement to discover treasure by magic is valid.
Match the following:
16. Indian contract act
-
a) Make good the loss
17.
Sale of goods act
-
b) Acknowledgement
18.
Indemnity
-
c) 1930
19.
Revocation
-
d) 1872
20.
Estoppels
-
e) Cancellation
SECTION – B
Answer all the questions:
21. a. When does an offer come to and end?
5 x 7 = 35
OR
22.
b.
Distinguish between an agreement and a contract.
a.
Distinguish between coercion and undue influence.
OR
23.
b.
State briefly the rights and obligations of finder of goods.
a.
What are the essential elements of contract of sale?
OR
24.
b.
Bring out the effect of destruction of goods.
a.
Can an agent delegate his authority? Are there exceptions?
OR
25.
b.
State the circumstances under which an agent may be held personally liable.
a.
Explain the classification of share capital.
OR
b.
Write the objects of issuing a prospectus.
SECTION – C
Answer any THREE questions:
3 x 15 = 45
26. Briefly explain the essential elements of valid consideration.
27.
Bring out the duties and rights of a bailor.
28.
Discuss the implied conditions and warranties in a contract of sale.
29.
Describe the various modes of termination of agency.
30.
Explain the procedure for alternation of a memorandum of association.
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