LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

B.B.A. DEGREE EXAMINATION – BUSINESS ADMINISTRATION

THIRD SEMESTER – APRIL 2012

BU 3500 – MERCANTILE LAW

 

 

 

Date : 24-04-2012              Dept. No.                                        Max. : 100 Marks

Time : 9:00 – 12:00

 

                                                          PART –A                                      (10×2=20 marks)

ANSWER ALL THE QUESTIONS:

 

1. Define contract.
2. What is consideration?
3. What is free consent?
4. What do you mean by contingent contract?
5. What is insurance?
6. Define warranty.
7. What is caveat emptor?
8. Define agency.
9. Who is a unpaid seller?
10. Define turnover as per central sales Act.

 

                                                            PART –B                                                      

 

ANSWER ANY FIVE QUESTIONS:                                                                      (5×8=40 marks)

 

11. What is offer? What are the requirements of a valid offer?
12. Explain the law relating to minor and married women.
13. Explain the liabilities of a common carrier.
14. Distinguish between sale & agreement to sell.
15. Explain various types of contracts.
16. State the rights of an unpaid seller.
17. Explain the principles of insurance.
18. State the rules relating to contingent contracts.

 

                                                                        PART –C                                              

                                           

ANSWER ANY TWO QUESTIONS:                                                                       (2×20=40 marks)

 

19. Define and explain the essential elements of a valid contract.
20. Explain the rights, liabilities and duties of an agent.
21. Discuss the procedure for registration of dealers under CST Act.

 

 

 

 

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