LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

B.B.A. DEGREE EXAMINATION – BUSINESS ADMINISTRATION

AP 06

THIRD SEMESTER – APRIL 2008

BU 3500 – MERCANTILE LAW

 

 

 

Date : 22/04/2008                Dept. No.                                        Max. : 100 Marks

Time : 1:00 – 4:00

 

SECTION – A                       (10 X 2 = 20 marks)

Answer ALL the questions:

 

1. What is a Voidable contract?
2. What is an “Executory Contract?”
3. Define a “Cross offers”.
4. Write a short note on “Minor as an Agent”.
5. Define the term “Authority of an Agent”.
6. Define the term “Agreement to sell”.
7. Define Warranty.
8. Define “Charter Party”.
9. What are the terms commonly used in respect of all Insurance Contracts?
10. Define “Maritime Perils”.

 

SECTION – B                       (5 X 8 = 40 marks)

Answer any FIVE questions:

 

1. Discuss the Classification of Contracts according to their mode of creation.
2. Explain about the persons who are disqualified by law to enter into a contract.
3. State the provisions of Indian Contract Act regarding the persons who are entitled to perform the contract.
4. Discuss the agency relationship between a husband and his wife.
5. Define the term “Goods”. What are the classification of Goods- explain the provisions under the Sale of Goods Act.
6. Define a Common Carrier. What are the characteristics of a Common Carrier?
7. Discuss the types of Marine Policies.
8. Discuss the principles of Insurance.

 

 

SECTION – C                       (2 X 20 = 40 marks)

Answer any TWO questions only:

 

1. Discuss in detail the essential and legal rules for a valid contract.
2. Explain the various types of Life Insurance Policies.
3. Explain in detail the cases where Objects and Consideration is Unlawful.

 

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