B.Com. (Financial Management) SEM III 2023 2024 2024 BUSINESS LAW Question Paper - Mumbai University | munotes

Questions asked in this paper

1. Q1 (A) State whether True or False (Any Eight) (Marks-8)
2. Q2 Unsound Person is competent to Contract
3. Q3 Acceptance without knowledge is valid
4. Q4 A person promising to discharge the liability of Principal Debtor is called Surety
5. Q5 In Contract of Pledge Ownership of goods is transferred by to Pawnee
6. Q6 The word “Ballier” means to deliver
7. Q7 Express Contract is neither oral nor written
8. Q8 Stipulations are the representations between Buyer & Seller
9. Q10 Fine for dishonoring of cheque is up to twice the amount of cheque
10. Q1 (B) Match the Column (any seven) (Marks-7)
11. Q3 Consideration
12. Q6 Bailor f. Security
13. Q2 (A) What are the types of Contract ? (Marks-08)
    • (B) Explain Undue Influence ? (Marks-07)
14. Q2 (C) What are the Types of Offer ? (Marks-08)
    • (D) Give different modes of revocation of offer ? (Marks-07)
15. Q3 (A) What are the Essentials of Contract of Bailment ?
    • (B) What are essentials of Contract of Indemnity ? (Marks-07)
16. Q3 (C) Mode of termination of Agency ? (Marks-08)
    • (D) Mode of Creation of Agency ? SEMISTER-III, BUSINESS LAW, Time :- 2:30 Hrs., Total Marks-75
17. Q4 (A) Define Goods and its types ? (Marks-08)
    • (B) Distinguish between Condition and warranties ? (Marks-07)
18. Q4 (C) What is Auction sale ? (Marks-08)
    • (D) Who is Unpaid seller and what are his rights ? (Marks-07)
19. Q5 (A) Define Negotiable Instruments & its Characteristics ? (Marks-15)
20. Q5 (B) Write Short Note (Any three) (Marks-15)
21. Q1 Express Contract
22. Q2 Promissory Note
23. Q3 Bill of Exchange
24. Q4 Penalties for Dishonour of Cheque
25. Q5 Noting & Protest

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