Bachelor of Commerce (B.Com.) SY BCom Sem 3 BCom Sem 3 (2017 2018) Nov 2017 BUS. LAW I Question Paper - Mumbai University | munotes

Questions asked in this paper

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1. Q2 All questions carry equal marks
2. Q3 Figures to the right indicate maximum marks
3. Q1 Answer any Two of the following:
   • a) Explain the essentials of a valid contract. 10
   • b) Discuss the meaning of ‘Offer’ in a contract and the legal rules regarding offer. 10
   • c) Who is competent to contract? Explain the effects of a Minor’s agreement. 10
   • d) Discuss the essentials of ‘consideration’ in a contract. 10
4. Q2 Answer any Two of the following:
   • a) Explain the meaning of ‘Free Consent’ in a contract. Distinguish between agreements 10 entered into by ‘Fraud’ and agreements entered into by ‘Misrepresentation’
   • b) What is a void agreement? Explain the agreements declared void under the Indian 10
   • c) Discuss the ‘Quasi Contracts’ given under the Indian Contract Act. 10
   • d) Explain the methods of discharge contract by operation of law. 10 Answer any Two of the following:
   • a) Distinguish between the Contract of Indemnity and the Contract of Guarantee. 10
   • b) Explain the Rights of a Bailor in a contract of Bailment. 10
   • c) Distinguish between contracts of Pledge and Lien. 10
   • d) Discuss the duties of an Agent under the Indian Contract Act. 10
5. Q4 Answer any Two of the following:
   • a) Explain the essentials of a Contract of Sale and state the classification of goods. 10
   • b) Explain the meaning of ‘Conditions’ and the ‘Implied Conditions’ under the Sale of 10
   • c) Discuss the rules relating to transfers of property in the case of sale of specific goods and the sale of unascertained goods. 10
   • d) Explain the concept of ‘Unpaid Seller’ and the unpaid seller’s right of, ‘Stoppage of goods in Transit’ and ‘Right of Resale.’ 10
6. Q5 Answer any Two of the following:
   • a) Explain the essentials of a Negotiable Instrument. 10
   • b) Distinguish between a Cheque and a Bill of exchange. 10
   • c) Explain the characteristics of a Cheque. Discuss the types of crossing of cheques. 10
   • d). Explain the meaning of Payment in Due Course, Noting and Protest under the 10
   • Q.P. Code :20745
7. Q3 HA? go
8. Q31 (Misrepresentation )
9. Q3 Art fo
10. Q3 FAT
    • Q.P. Code :20745 FT (Bill of Exchange ) FLT
11. Q3 (Noting)

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