B.Com In Banking & Insurance (BCBI) Sem II 2018 19 April 2018-19 BUSINESS LAW Question Paper - Mumbai University | munotes

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1. Q1 A) Multiple Questions: Any 8 (1 mark each) 15 marks
   • i) Minor’s Contract is
   • ii) Supreme Court is also known as the ---------- in India
   • iii) ‘Idiot’ is defined under section under Indian Contract Act, 1872 Iv) Contract of Pledge is a ------------- kind of agreement In Contract of Guarantee, the liability of ‘Surety’ 1s
   • vi) There are ------------ parties in case of a cheque
   • vii) In India, the Information Technology Act, 2008 is governed by
   • a) of Law & Justice
   • b) Ministry of Law & Empowerment
   • c) of Law & Legality
   • d) Ministry of Law & Natural Justice Digital Signature is ---------------- in Indian system
   • ix) “Undue defined under section ---------------------- Contract Act,
   • Q.P. Code :33103
   • B) True or false:- (Any 7) (1 mark each)
   • a) ‘Contract with an accused is not a valid agreement in India’
   • b) A contract creates,’ Right in personam’
   • c) Wagering Agreement is not allowed in India
   • d) There are 3 contracts in case of a contract of Indemnity
   • e) Bearer cheques involve lesser risk of being lost or stolen as the finder may get it encashed
   • f) Intermediary is a person who sends, generates, stores or transmits any electronic message
   • g) Goods is defined under section 2 (27) of sale of Goods act, 1930
   • h) Quasi contract is a valid contract
2. Q1 Inagency, no consideration is necessary to create an Agency
   • j) case is a landmark judgment under ‘Caveat Emptor’
3. Q2 a) Explain the concept of ‘law’ and classify the different types of law. 8 marks
   • b) Explain in brief, the concept of ‘Mandamus’ & write of ‘Certiorar’ under Indian 07
   • c) Explain, ‘Right to Equality’ and “Equal Protection’ under Indian Constitution. 08
   • d) Explain in brief; ‘Indian Legal System’ in 07
   • a) Write down the essentials of contract’ ws (10) of Indian Contract Act, 1872 in 08
   • b) Define, ‘Fraud’ and elements of ‘Fraud’ in brief: 07
   • c) Explain, ‘Breach of and remedies, available for the Breach of Contract. 08
   • d) Kinds of ‘Void Agreements’. 07
4. Q4 a) Distinguish b/w “Indemnity & Guarantee’ Features of Negotiable Instruments in brief. 07 8 marks
   • c) Explain the ‘Doctrine of Caveat Emptor’ in brief with exceptions. 08
   • d) Explain the reasons of dishonoring of a cheque in brief. 07
   • a) Explain, ‘Unpaid Seller’ and rights and duties of an ‘Unpaid Seller’ in brief: 08
   • b) Explain the concept of ‘E-Governance’ in brief: 07 Write short-notes (Any 3) (5 marks each)
   • a) Minor’s contract 15 Contract of ‘Agency’
   • c) ‘Conditions’. &
   • d) Promissory Note
   • e) Cyber Crime

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