LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034
B.B.A. DEGREE EXAMINATION – BUSINESS ADMINISTRATION
THIRD SEMESTER – NOVEMBER 2012
BU 3500 – MERCANTILE LAW
Date : 02/11/2012 Dept. No. Max. : 100 Marks
Time : 9:00 – 12:00
PART – A
Answer ALL the questions: (10×2=20)
- Define ‘contract’?
- What is consideration?
- What is free consent?
- What is meant by contingent contract?
- Define insurance.
- What is double insurance?
- Who is an agent?
- Who is an unpaid seller?
- Define sales as per CST Act.
- Give the meaning for ’CAVEAT EMPTOR’.
PART – B
Answer FIVE questions from the following: (5×8=40)
- Briefly explain the various types of contract.
- What is ‘illegal agreement’? In what circumstances the object of an agreement is said
to be unlawful?
- State the features of common carrier.
- Distinguish between sale and agreement to sell.
- State and discuss the circumstances under which contracts need not be performed.
- Discuss the rights and duties of finder of goods.
- Distinguish between conditions and warranties.
- Differentiate life insurance from general insurance.
PART – C
Answer any TWO questions: (2×20=40)
- Write the essentials of a valid contract.
- State briefly the various modes in which a contract may be discharged.
- Give an account on the essential features of contract of insurance.
Latest Govt Job & Exam Updates: