LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

B.Com. DEGREE EXAMINATION – CORPORATE SEC.

FIFTH SEMESTER – APRIL 2011

BC 5503 – COMMERCIAL LAW

 

 

 

Date : 19-04-2011              Dept. No.                                          Max. : 100 Marks

Time : 1:00 – 4:00

 

PART-A

 

ANSWER ALL THE QUESTIONS                                                                       (10X2=20marks)

 

1. What is particular lien?
2. What are the objectives of Consumer Protection Act?
3. What is VAT?
4. What is ‘Contract of Guarantee’?
5. Define Pledge.
6. What is a Partnership firm?
7. Who is a finder of goods?
8. Define Bailment.
9. Who is a minor partner?
10. What is a contract of Indemnity?

 

                                                          PART – B

ANSWER ANY FIVE QUESTIONS                                                                      (5X8=40marks)

 

1. Explain the different types of partners.
2. When does a bailment come to an end?
3. Give an account of Unfair trade practices as per the Consumer Protection Act.
4. Distinguish between a contract of guarantee and a contract of indemnity.
5. In what circumstances is a partnership dissolved compulsorily by the court?
6. What are the objectives of VAT?
7. What is a continuing guarantee? When and how is it revoked?
8. What are the essential features of  a contract of guarantee?

 

                                                            PART – C

 

ANSWER ANY TWO QUESTIONS                                                                   (2X20=40marks)

 

1. What are the rights of bailor and bailee?
2. State the circumstances in which a surety is discharged from a liability?
3. What are the arguments in favour of VAT, and difficulties in administering VAT in India?

 

 

 

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