B.Com In Banking & Insurance (BCBI) Sem II 2019 20 Nov 2019-20 BUSINESS LAW Question Paper - Mumbai University | munotes

Questions asked in this paper

1. Q1 A) State the following statements are true or false.(any eight) 8 marks
   • 1. Supreme court is Apex Court in India
   • 2. Session court and the Magistrate’s court are the criminal courts
   • 3. Article 19 belongs to right to freedom
   • 4. Contract Act established in the year 1971
   • 5. All agreements are contracts
   • 6. Unsound mind person cannot enter into contract & 7. deals with third person
   • 8. Warranties are secondary stipulation to contract of sale
   • 9. Unpaid seller got the right to certain the goods with him > 10. Indian currency is a negotiable instrument
   • B) Match the column (any seven) 7
   • 2. Writs b) below 18 years of age
   • 5. Goods e) Central & state Government
   • 9. Bill of exchange i) Crossing
2. Q2 A) Discuss the classification of Law. 15 marks
3. Q2 B) Discuss the classification of courts in India. 15 marks
4. Q3 A) Explain the types of writes. 8 marks
   • B) State the principles of natural justice. Elaborate the Fundamental Rights provided by Indian Constitution. (15) 7
5. Q4 Discuss the essentials of valid contract. 15 marks
   • B) How the contracts are classified? Explain
6. Q4 Distinguish between Indemnity and Guarantee. 8 marks
   • D) Distinguish between Sale and Agreement to sell. 7
7. Q5 A) Distinguish between promissory Note and bill of exchange. 15 marks
8. Q5 Short Notes. (Any Three) 15 marks
   • 1. Pledge
   • 3. Cheque
   • 5. Digital Signature

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