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

Questions asked in this paper

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1. Q1 A Answer the following multiple choice question : (Any eight) 8 marks
   • 1) When two persons, agree to the same thing in the same sense, it is called
   • b. offer
   • c. acceptance
   • d. Consideration’
   • 2) was executed in favour of a minor. Can the minor get a Decree for the enforcement of
   • a) Yes
   • b) No
   • c) Can’t say
   • d) Mortgage is invalid
   • 3) Moral pressure is exercised in case of
   • a) Coercion
   • b) Undue influence
   • c) Fraud
   • d) Misrepresentation
   • 4) If unknown to both the parties, the goods were destroyed by party at the time of agreement
   • a) Void on the ground of one’s mistake
   • b) Void on the ground of mutual mistake
   • c) Void onthe ground of supervening impossibility
   • 5) Goods means every kind of movable property including
   • a) Actionable claims and currency money
   • b) notes
   • c) copyright
   • d) Both (b) and (c)
   • 6) milk — vendor supplied X with milk which contained typhoid germ. X got infected after consuming the milk. Is the milk vendor bound to pay damages?
   • a) Yes, breach of condition as to wholesomeness
   • b) to merchantability
   • c) No, milk vendor never knew himself X should have seen it
   • 7) and Pranav go into.a shop. Suresh says to shopkeeper, “Ganesh, let Pranav have the goods and if he does not pay you, This is a
   • a) Contract of guarantee
   • b) of indemnity
   • c) Quasi contract
   • d) None of the above
   • Q.P. Code :07614
   • 8) The property in a negotiable instrument passes from one person to another in case of an instrument payable to order
   • a) By delivery
   • b) By endorsement
   • c) By endorsement and delivery
   • d) Allofthe above
   • 9) Aperson who purchases goods for resale purpose
   • b) Is anot consumer
   • d) none of them
   • 10) Maturity of an instrument is
   • a) Date on which instrument is created
   • b) Date on which the instrument is payable
   • c) Date on instrument is signed
   • d) None of the above
2. Q1 B State the following statements are True or False. (Any 07) 7 marks
   • 1) When mode of acceptance is prescribed, acceptance given in usual and seasonable
   • 2) All agreements between parties are enforceable in a Court of law
   • 3) Acontract of guarantee should not be in writing
   • 4) Astipulation as to time of payment can only be a warranty in a contract of sale
   • 5) Incase where unpaid seller exercises the right of the second Buyer does not acquire a valid little to the goods
   • 6) Delivery means voluntary transfer possession of goods from one person to another
   • 7) Inacontract of sale, payment of price may take place at a future date
   • 8) Naresh promise to pay Bharat Rs. 5,000/- seven day after his Marriage with chandrika is
   • 9) Any person who consumes anything is called
   • 10) For Bouncing Dishonor of cheque the maximum imprisonment can be two years
3. Q2 A “No Consideration, no Contract “Discuss and state exceptions to the rule 08 B the various ways in which a contract may be discharged? 07
4. Q2 C Define bailment and state the rights of brailor Define “Contract of Indemnity and state the essential of it. 07 State the implied conditions under sale of Goods Act. Explain any two of them. 08 B What are the rights of unpaid seller? 07 Explain “sale and distinguish it from “Agreement to sell” under the Indian sale of Goods Act. 08 “Rise Prima facie passes with propriety” Explain. 07 State the features of Negotiable Instruments. Also distinguish between a cheque and a bill of exchange. 08 What do you mean by crossing of a cheque? State its different types 07 8 marks
   • Q.P. Code :07614
5. Q4 C_ Under what circumstances cheque is considered as dishonored? D What do you mean by Bills in sets. Stats essentials of a bills in sets 07 8 marks
6. Q5 A_ Explain the various unfair Trade Practices What is “Deficiency of service”? Explain Consumer Dispute. 07 Qs Write short notes on any three :- 15 8 marks
   • i) Kinds of offer
   • ii) Rules of Auction sales
   • iii) Drawee in case of need
   • iv) Object of Consumer Protection Act

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