LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

B.B.A. DEGREE EXAMINATION – BUSINESS ADMINISTRATION

THIRD SEMESTER – APRIL 2011

BU 3500 – MERCANTILE LAW

 

 

 

Date : 12-04-2011              Dept. No.                                                    Max. : 100 Marks

Time : 1:00 – 4:00

 

 

SECTION – A

Answer ALL questions                                                                                               (10 X 2 = 20)

 

1. Define contract.
2. Explain the concept of contractual capacity.
3. What is meant by discharge of contract?
4. What contracts need not be performed?
5. Explain ‘Causa proxima’
6. What is a contract of marine insurance?
7. Who is a mercantile agent?
8. What is an agreement to sell?
9. Explain ‘caveat emptor’.
10. Define turnover as per the central sales, Tax Act.

SECTION – B

Answer any FIVE questions                                                                                                   (5 X 8 = 40)

 

11. What are the essential elements of a Valid Contract?
12. Explain the law relating to Minor’s Contracts?
13. What are the rules relating to Contingent Contracts?
14. Describe the various modes by which a contract may be discharged.
15. What are the different types of life insurance policies?
16. State the duties of a Common Carrier.
17. What are the effects of termination of agency?
18. What are the rules regarding delivery of goods in a contract of sale.

SECTION – C

 

Answer any TWO question                                                                            (2 X 20 = 40)

 

19. What is consideration? Discuss in detail the provisions of law relating to it.
20. Discuss the implied conditions and warranties laid down under the sale of goods Act.
21. Define dealer. Explain the provision regarding registration of a dealer as per the central Sales tax Act.

 

 

 

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