LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

B.Com. DEGREE EXAMINATION – COMMERCE

KP 17

FOURTH SEMESTER – April 2009

CO 4501 – BUSINESS LAW – II

 

 

 

Date & Time: 29/04/2009 / 9:00 – 12:00     Dept. No.                                                       Max. : 100 Marks

 

 

SECTION – A

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

 

1. Give the meaning of ‘Agreement to sell.’
2. What is advalorem duty?
3. Explain ‘condition’ with an example.
4. What is an auction sale?
5. Who is a casual trader?
6. What is ‘causa proxima’?
7. List the various elements in a ‘sale’ under TNGST Act.
8. What is a ‘turnover’ under CST Act?
9. Define ‘excisable goods.’
10. What is group insurance?

 

SECTION – B

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

 

11. Enumerate the rules as to delivery of goods under Sale of Goods Act.
12. Distinguish between sale and agreement to sell.
13. State and explain the general principles of insurance.
14. Write a note (a) remission of excise duty (b) objectives of VAT.
15. Discuss the different types of levy payable under TNGST Act.
16. When is sale said to be “inter-state sale” under CST Act?
17. Explain the different kinds of excise duty leviable under Central Excise Act.
18. Describe the basis for levy of excise duty.

 

SECTION – C

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

 

19. Discuss the rights of an unpaid seller.
20. Explain the rights, duties and liabilities of a common carrier.
21. Briefly explain the various types of insurence policies.

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