LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

B.B.A. DEGREE EXAMINATION – BUSINESS ADMINISTRATION

JQ 05

THIRD SEMESTER – April 2009

BU 3500 – MERCANTILE LAW

 

 

 

Date & Time: 05/05/2009 / 9:00 – 12:00     Dept. No.                                                       Max. : 100 Marks

 

 

 

SECTION – A

Answer ALL the questions.                                                                (10×2=20)

 

1. What is a ‘voidable contract.’?
2. Mention the persons who are not competent to contract.
3. Give the meaning of ‘misrepresentation.’
4. Define ‘reciprocal promises’.
5. What are wagering agreements?
6. Write a note on ‘indemnity.’
7. List the two essentials needed for relationship of agency.
8. State the meaning of ‘passing of property.’
9. What is a ‘private carrier’?
10. What is a public policy?

 

SECTION – B

Answer any FIVE questions.                                                                (5×8=40)

 

11. Discuss the essentials of a valid contract.
12. State the legal rules of a valid offer.
13. “A mere silence as to facts is not fraud” Discuss.
14. Discuss any five agreements which are contrary to public policy.
15. Explain the various types of Fire Insurance policies.
16. Enumerate the principles of insurance.
17. State the rights of an agent against the principal.
18. How is a dealer registered under Central Sales Tax Act?

 

 

SECTION – C

Answer any TWO questions.                                                                (2×20=40)

 

19. What are the various ways in which a contract may be discharged?
20. Discuss the rights, duties and liabilities of a common carrier.
21. Explain the conditions and warranties implied by law in a contract for Sale of Goods.

 

 

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