BCom In Accounting & Finance (BCAF) SEM II 2016 2017 Feb 2017 ATKT BUS. LAW Question Paper - Mumbai University | munotes

Questions asked in this paper

1. Q1 A.State whether true or false (any 8). 8 marks
   • 1. Allagreements are contract
   • 2. Aminorcan enter into contract
   • 3. Free consent means consent without any influence,
   • 4. Acontract of guarantee is also called a contract of surety,
   • 5. does not represent another person
   • 6. The sale of goods act came in the year 1935
   • 7. Actionable claims are not goods
   • 9. Currencies are promissory notes
   • 10. B/E contains an unconditional order,
2. Q1 B.Match the columns (any 7). 7 marks
   • 2. Minor Stipulation
   • 5. Right to education Ratification
   • 7. Sale Crossing
   • 8. Consideration TBs
   • 9. Condition Under 18 years
3. Q2 A.Define contract. Explain the essentials of a contract. - 8 marks
   • B. Discuss the essentials of consideration. 7
4. Q2 C.What are the various remedies for Breach of Contract? Explain. 8 marks
   • D. Explain the essentials of Bailment. are the formalities of Contract of Sale? Explain. (08) 7
   • B. Write a note on conditions and warranties
5. Q3 C.Who is an unpaid seller? What are his rights? 8 marks
   • D. Discuss the rules for transfer of property in goods. 7
6. Q4 A.Explain the features of Negotiable 8 marks
   • B. Discuss the Position of Holder in due course, 7
7. Q4 C.Write a note on crossing of cheque. 8 marks
   • D. What are the features of Promissory Note? Explain. 7
8. Q5 Explain consumer, service and under Consumer Protection Act 1986 Discuss the features. (15)
9. Q5 Short notes (any 3). 15 marks
   • 1. Consideration
   • 2. Coercion
   • 3. Pledge
   • 4. Agreement to Sell
   • 5. Sets of Bill

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