LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

B.Com. DEGREE EXAMINATION – CORPORATE SEC.

FIFTH SEMESTER – APRIL 2012

BC 5503 – COMMERCIAL LAW

 

 

 

Date : 30-04-2012              Dept. No.                                        Max. : 100 Marks

Time : 9:00 – 12:00

 

 

PART – A

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

 

1. Define “Contract of indemnity”.
2. Who is a surety?
3. What are the requisites of bailment?
4. What is general lien?
5. Who is a dormant partner?
6. What is meant by mutual agency?
7. Write a note on ‘unfair trade practice’.
8. Who is a consumer as per the provisions of Consumer Protection Act?
9. Write the meaning of Value Added Tax.
10. Define the term “Dealer” in relation to VAT.

PART – B

 

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

 

11. Write short notes on

• Continuing guarantee
• Registration of firms.
• Minor as a partner.

12. List out the rights of indemnity holder.
13. Briefly discuss the kinds of guarantee.
14. State the differences between Pledge and Bailment.
15. What are the rights and duties of partners?
16. Write on the rights of consumers.
17. State the circumstances under which the dissolution of a partnership by the court

take place.

18. Summarize the objectives of VAT.

 

 

PART – C

 

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

 

19. “The liability of a surety is secondary, it is co-extensive with that of the principal debtor”- Explain.
20. What are the rights and obligations of a finder of goods? What is the nature of lien he has over the goods.
21. What is meant by ‘Consumer dispute’? How does the ‘Consumer disputes redressal forum ’ settle a dispute relating to deficiency in service.

 

 

 

 

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