BCom In Accounting & Finance (BCAF) SEM II 2021 2022 May 2022 BUSINESS LAW Question Paper - Mumbai University | munotes

Questions asked in this paper

1. Q1 Multiple choice questions. 40 marks
   • 1. Indian contract Act, came into existence in the (1872, 1972, 1982, 1984)
   • 2. Sale of goods Act, came into existence in the year (1930, 1932, 1832, 1931)
   • 3. Negotiable instrument Act, came into existence inthe (1882, 1881, 1883, 1884)
   • 4. Consumers protection act came into existence inthe (1986, 1987,1988, 1989)
   • 5. An agreement with or by a minor is voidable at the option of minor, voidable at the option of other party, valid)
   • 6. made without consideration is (Valid, Voidable, Illegal, Void) is enforceable by law is contract. (Agreement, Pledge, Bailment, Agency)
   • 8. E-contract means, contract formed in form. ( Typed, Printed, Advertised, Electronic) \ 9. The person who gives the guarantee is . (Debtor, Creditor, Surety, Vendor)
   • 10. is not a creation mode of agency. (By agreement, By necessity, By name, By Rectification)
   • 11. is enforceable by (Law, Agreement, Offer, Sale)
   • 12. A minor is a person below years (18, 14, 16 , 21)
   • 13. The lien of an unpaid seller depends on . (Possession, Title, Ownership, Possession and
   • 14. Right to lien means right to . (Retain, Resale, Stop, Buy)
   • 15. A wagering agreement is . Forbidden by law, Immoral, Opposed to public policy, Legal)
   • 16. When is performed by both the parties, the contract comes to an end by . (Laps of time, Discharged by performance, Discharged by agreement, Discharged by breach)
   • 17. is not a party to Cheque. ( Drawer, Drawee, Payee, Acceptance)
   • 18. is not goods. ( Livestock, Shares, Valid Indian Currency, Goodwill)
   • 19. Doctrine of Caveat emptor places the burden on the . (Buyer, Seller, Third part, Government)
   • 20. The position of a hire purchaser is that of a . (Owner, Bailee, Creditor, Debtor)
2. Q2 Attempt any one of the following. 7 marks
   • 1. State the essentials agreement of a valid contract
   • 2. Define a proposal and what are the essential requirement of a valid proposal
   • 3. State and explain the essentials of a valid acceptance
3. Q3 Attempt any one of the following. 7 marks
   • 1. Whois an unpaid seller? What are the various rights to which an unpaid seller is entitled to under the sale of goods act?
   • 2. Explain the duties of the buyer
   • 3. Explain the term Condition and Warranty under the sale of goods Act
4. Q4 Attempt any one of the following. 7 marks
   • 1. Define a promissory note and state its essentials
   • 2. Distinguish between Cheque and Bill of Exchange
   • 3. between Promissory note and Bill of exchange Attempt any one of the following. (7 Marks)
   • 1. What are the objects of the consumer protection
   • 2. Whois consumer and who is not consumer under the consumer protection act?
   • 3. What is an unfair trade practice? Explain briefly
5. Q6 Write short notes. (Any two) 7 marks
   • 1. Contract by person of unsound mind
   • 2. Complaint
   • 3. Consideration

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