BCom In Accounting & Finance (BCAF) SEM II 2019 20 Nov 2019-20 ATKT BUSINESS LAW Question Paper - Mumbai University | munotes

Questions asked in this paper

1. Q1 All contracts are agreements
2. Q2 All agreements are contract
3. Q3 Void agreements are sometimes enforceable
4. Q4 Acceptance can be given partially
5. Q5 The liability of a surety is primary
6. Q6 A specific guarantee cannot revoked
7. Q7 Goods means every kind of moveable property
8. Q8 Actionable claims are included in goods 9, Deficit means any fault and shortcoming
9. Q10 Complaint means an allegation in writing
   • B) Match the Colum. (Any 7) 7
10. Q3 1881 c) Below 18 years of age
11. Q4 1986 d) Sale of Goods Act
12. Q5 Minor e) Law of Contract
13. Q6 Contract f) Expiry
14. Q8 Maturity h) something of value
15. Q10 Consideration j) Agreement enforceable by law
16. Q2 Define Contract? Explain the essential elements of the contract. 15 marks
17. Q2 B) A) Discuss the essentials of Valid Proposal. 8 marks
    • B) Who are the competent parties to contract? Explain briefly. 7
18. Q3 A) Explain the various modes of Dischange of Contract. 15 marks
19. Q3 What are the essentials of Contract of Indemnity? briefly. 8 marks
    • C) What are the modes of Creation of Agency? Discuss briefly. 7
20. Q4 A) Distinguish between Sale and Agreement to Sell. 15 marks
21. Q4 Discuss the formalities of Contract of Sale. 8 marks
    • C) State the implied Conditions and Warranties under the Sale of Goods Act 1930. 7
22. Q5 State the features of Negotiable Instruments according to Negotiable 8 marks
    • B) Write the difference between Promissory note and Bill of Exchange. 97
23. Q5 Short notes. (Any 3) 15 marks
24. Q1 Void Contract
25. Q2 Undue influence
26. Q3 Bailment
27. Q4 Crossing of cheques

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