LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

         B.Com.& B.A. DEGREE EXAMINATION – CORPORATE SECRETARYSHIP

LA 03

THIRD SEMESTER – November 2008

BC 3500 / CR 3500 – MERCANTILE LAW

 

 

 

Date : 06-11-08                     Dept. No.                                        Max. : 100 Marks

Time : 9:00 – 12:00

 

SECTION – A

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

 

1. What constitutes an offer?
2. Is adequate consideration an essential for contract?
3. Give the meaning of free consent.
4. Define indemnity.
5. List four benefits of life insurance policies.
6. Who is a non-mercantile agent? Give examples.
7. What is earnest money?
8. State the rules regarding sale by auction.
9. Who is a dealer under CST act?
10. Give the meaning of penultimate sale.

 

SECTION – B

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

 

11. When is consideration or object unlawful?
12. List the rights of a common carrier.
13. How is an agency terminated?
14. Explain the doctrine of caveat emptor and state the exceptions.
15. Discuss the implied condition in a contract of sale of goods.
16. Distinguish between interstate sales and intrastate sales.
17. Write a note on registration procedure for dealers under CST act.
18. Describe five popular life insurance policies.

 

SECTION – C

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

 

19. “All agreements are not contracts but all contracts are agreements.” Discuss the statement explaining the essential elements of a valid contract.
20. Enumerate the agreements that are contrary to the public policy.
21. When is a seller deemed to be an unpaid seller? What are his rights?

 

 

 

 

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