1. JOSEPHS COLLEGE OF COMMERCE (AUTONOMOUS)

END SEMESTER EXAMINATION – MARCH / APRIL 2014

BCOM – II SEMESTER

BUSINESS LAW

Duration: 3 Hours                                                                                       Max. Marks: 100

SECTION – A

1. Answer ALL the questions. Each carries 2 marks.                                       (2 x 10 =20)

 

1. What are ‘future goods’ as per the Sale of Goods Act?
2. Explain consensus-ad-idem.
3. Define’ free consent’.
4. Who is a felon?
5. What is meant by ‘Stare decisis’.
6. Mention any 2 objectives of COPRA.
7. What is a warranty?
8. Who is an ‘authorized person’?
9. Explain the concept of ‘digital signature’?
10. What is meant by ‘infringement’?

 

SECTION – B

1. Answer any FOUR Each carries 5 marks.                                   (4×5=20)

 

11. Differentiate between Sale and agreement to sell.
12. Write a note on persons incompetent to enter into a contract.
13. Briefly explain any five types of cyber crimes.
14. What is a) capital account transaction   b) current account transaction.
15. Who is an ‘unpaid seller’? What are his rights?
16. Gauri’s nephew had absconded from home. She sent her servant Lalitha in search of her nephew. After the servant had left Gauri announced that anybody who brought the missing boy home would be given a reward of Rs.1000. The servant brought the missing boy home without knowing of the reward. When the servant came to know about the announced reward, she brought an action against Gauri to recover the same. How must this case be decided? Analyse.

 

SECTION – C

III)      Answer any THREE questions.    Each carries 15 marks.                    (3×15=45)

 

17. What are the essentials of a valid contract?
18. Explain the remedies for breach of contract.
19. Elucidate the procedure for grant of patents.
20. Write a note on the functioning of National Consumer Disputes Redressal Forum.
21. Explain the doctrine of ‘Caveat Emptor’. What are its exceptions?

 

SECTION – D

 

1. IV) Case study- Compulsory questions. (15 marks)

 

1. An elder brother Venkat on account of natural love and affection, promised to pay the debts of his younger brother Ranga. The agreement was put in writing and was registered. But Venkat did not repay the debt. The brother Ranga repaid the debt on his own and then sued his elder brother for recovery of the money. Pass a decision to this case  with reasons.

 

1. A young widow was forced to adopt a boy under the threat of preventing the body of her husband, who had just died, from being removed for cremation. Is this adoption valid under law?

 

4. R is a manufacturer of light bulbs. He advertises in the trade press that in future the retail price of the bulbs will be Rs 4 and that proceedings will be taken against any dealer not observing this price. T buys a quantity of the bulbs from X, a wholesaler. Although T had originally read the advertisement, he forgot its contents and retails the bulbs at Rs 4.25. Advise R.

(5+5+5)

 

 

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