BCom In Accounting & Finance (BCAF) SEM II 2017 18 April 2017-18 BUS. LAW I Question Paper - Mumbai University | munotes

Questions asked in this paper

1. Q1 A] Answer the following multiple choice questions. [Any 8] 8 marks
2. Q1 An agreement with of by a minor is
   • A] Void B] Voidable at the option of a minor
   • C] Voidable at the option of the other party D] Valid
3. Q2 A wagering agreement is
   • A] Forbidden by law B] Immoral
   • C] Opposed to public policy D] None of these
4. Q3 A contract of indemnity is a
5. Q4 General property in goods means
   • A] Ownership B] Possession. Delivery D] Subject matter of contract
6. Q5 In case of breach of condition the seller
   • A] Buyer can reject the goods B] Only sue for damages
   • C] Does not have any right under the sale of goods act
7. Q6 Risk prima facie passes with
   • A] Possession B] Payment of price C] Ownership
8. Q7 ----------- is a person who draws a bill
9. Q8 ----------- means any allegation in writing made by a complainant
10. Q9 Right of lien available to the unpaid seller is
11. Q10 The right of a contract of guarantee is available to the
12. Q1 B] Say True or False [Any 7] 7 marks
13. Q1 Death of the surety does not put an end to the contract of guarantee
14. Q3 Acceptance can be given partially
15. Q4 Past consideration is no consideration
16. Q5 The right of stoppage in transit begin offer the termination of lien
17. Q6 Payee is the person to whom money is to be paid
    • Q.P.Code 32272
18. Q7 Consumer is a person who buys goods without consideration
19. Q8 In a contract of sale, money is a consideration
20. Q9 A contract of insurance is a wagering agreement
21. Q10 Unascertained goods are same as generic goods
22. Q2 a] Define Contract. & explain various elements of a contract. 8 marks
23. Q2 b] Explain various Essentials of a valid proposal. 7 marks
24. Q2 c] Explain distinguish between agreement & contract. 8 marks
25. Q2 b] what are the various ways in which a contract may be discharged? 7 marks
26. Q3 a] Explain various rights of the Buyer. 8 marks
27. Q3 b] Explain distinguish between Sale & Agreement to sell. 7 marks
28. Q3 c] Explain various rights of an unpaid seller. 8 marks
29. Q3 d] Explain distinguish between Condition & Warranty. 7 marks
30. Q4 a] Explain various characteristics of negotiable Instruments. 8 marks
31. Q4 b] Explain the concept of Bills of exchange. Explain various parties & elements of it. 7 marks
32. Q4 c] Explain distinguish between promissory Note & Bills of exchange. 8 marks
33. Q4 d] When is negotiable instrument said to be discharges? 7 marks
34. Q5 a] Explain various objects of the consumer protection Act 1986. 8 marks
35. Q5 b] What is an unfair Trade practices, Explain in detail. 7 marks
36. Q5 c] Write a short Note [Any 3 out of 5] 15 marks
37. Q1 Auction Sale
38. Q2 Consumer Dispute
39. Q3 Contract of Guarantee
40. Q5 Promissory note

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