LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

B.Com. DEGREE EXAMINATION – CORPORATE SEC.

THIRD SEMESTER – APRIL 2012

BC 3500 – MERCANTILE LAW

 

 

 

Date : 24-04-2012              Dept. No.                                        Max. : 100 Marks

Time : 9:00 – 12:00

 

PART – A

Answer ALL questions:                                                                             (10×2=20 marks)

 

1. Define Voidable contract.
2. What is ‘lawful consideration’?
3. What is legality of object?
4. What is undue influence?
5. What is Life Insurance?
6. Who is a common carrier?
7. Define an agent.
8. Who is an unpaid seller?
9. What is meant by ‘sale within state’?
10. What is a ‘condition’?

 

PART – B

 

Answer any FIVE questions only:                                                                           (5×8=40 marks)

 

11. What is the object and nature of Law of contract?
12. State briefly the law relating to competence of parties to a contract.
13. Discuss the law relating to the effect of mistake on contracts.
14. Distinguish between a Wagering agreement and Contingent contract.
15. Explain the elements of fire insurance contract.
16. Discuss the principles of marine insurance contract.
17. Explain the rights of an unpaid seller.
18. Explain the provisions relating to ‘interstate sale’ and ‘sale within state’ under CST Act 1956.

 

PART – C

 

Answer any TWO questions only:                                                                        (2×20=40 marks)

 

19. Discuss the provisions of law relating to contracts with minors.
20. Explain the rights and duties of common carrier.
21. Under what circumstances does an agent becomes personally liable?

 

 

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