Loyola College B.Com April 2007 Business Law – II Question Paper PDF Download

LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

B.Com.  DEGREE EXAMINATION – COMMERCE

TH 10

FOURTH SEMESTER – APRIL 2007

CO 4501  – BUSINESS LAW – II

 

 

Date & Time: 24/04/2007 / 9:00 – 12:00         Dept. No.                                                     Max. : 100 Marks

 

 

Section – A                                       (10 X 2 = 20)

Answer All Questions

 

  • A Customer gives his tailor a length of suiting and requires him to make a suit for him, the lining materials and the buttons to be supplied by the tailor. State the nature of the transaction

 

  • Define “Turnover” as per the Central Sales Tax  Act 1956
  • Who is a “Casual Trader” under the T.N.G.S.T Act 1959

 

  • A of Delhi comes to Mumbai and purchases goods from B in Mumbai. After purchasing, A transports these goods to Delhi in his own name. Is this sale chargeable to Central Sales tax?

 

  • What do you mean by Insurable Interest

 

  • Define ‘Whole Sale dealer’ under the central Excise Act 1944

 

  • When is a sale or purchase of goods said to take place in the course of import or export.

 

  • Write a note on endowment Policy

 

 

  • Define the concept of “Charter party” under the carriage of goods Act.

 

  • Bring out the meaning of ‘Subrogation’ under the insurance contract

 

Section – B                                     (5 X 8 = 40)

Answer Any Five Questions

 

  • Sate the doctrine of caveat emptor and the exceptions to it.

 

  • Enumerate and explain the rights and the liabilities of a common carrier
  • What is a contract of insurance? Explain the basic principles of the law of Insurance.

 

 

 

  • State and explain in detail the provisions for the levy and the collection of excise duty under the Central Excise Act 1944

 

  • State the implied conditions in a contract for the sale of goods.

 

  • Define the following terms as per the T.N.G.S.T Act 1959 with suitable illustrations
    1. Turnover
    2. Total Turnover
    3. Taxable Turnover

 

  • Distinguish between sale and an Agreement to Sell

 

  • What is auction sale? What are the rules relating to auction sale?

 

Section – C                                  (2 X 20 = 40)

Answer Any two Questions

 

  • When is a seller of goods deemed to be a unpaid seller? What are the rights against
    1. the goods
    2. the buyer personally?

 

  • Discuss in detail the provisions regarding the following as per the CST act 1956

 

  1. Sale or purchase of goods in the course of inter-state trade
  2. Sale or purchase of goods outside a state
  3. Registration of dealers

 

  • “Delivery does not amount to acceptance of goods” Discuss, when a buyer can be said to have accepted the goods and the rules as to delivery of goods with proper illustrations

 

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