BCom In Accounting & Finance (BCAF) SEM III 2019 2020 Oct 2020 BUSINESS LAW Question Paper - Mumbai University | munotes

Questions asked in this paper

1. Q1 State whether the following are true or false. (any eight) 8 marks
   • 1. There must be atleast two persons to form partnership
   • 2. Minor can become a ful-fledged Partner
   • 3. Goodwill cannot be sold or purchase separately
   • 4. Partnership Act established in 1948
   • 5. A partner can open a bank Account on his name
   • 7. Aco- owner is a agent of the other co-owner
   • 8. The death of a partrer dissolves the firm
   • 9. LLP is a Body Corporate
   • 10. Factory Act came into existence in 1950
   • B) Match the column. (any seven) 7
   • 1. Factories Act a) First day of January
   • 2. Winding up b) Not a Factory
   • 5. Child e) 1948
   • 7. LLP g) April to 31" March
   • 10. Ambulance Room j) 1932
2. Q2 A) Distinguish between Partnership and Company. Discuss Rights and Duties of Partners. (15) 15 marks
3. Q3 State the grounds on which a firm may be dissolved by the court. 15 marks
4. Q3 Explain nature and Incorporation of LLP. 15 marks
5. Q4 Distinguish between LLP and Partnership. 15 marks
6. Q4 and explain the provisions of the Factories Act 1948 regarding 15 marks
7. Q5 Discuss the provisions regarding Cleanliness and adequate ventilation, of QS) Short Notes (any three) (15) 15 marks
   • 1. Designated Partners
   • 2. Nominal partner
   • 3. Ambulance arrangement 4
   • 4. Types of Partners
   • 5. Washing facilities

Read from the scan above, so a character or two may differ. The scan is the original.