Loyola College B.Com April 2007 Business Law – II Question Paper PDF Download

LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

B.Com.  DEGREE EXAMINATION – COMMERCE

TH 10

FOURTH SEMESTER – APRIL 2007

CO 4501  – BUSINESS LAW – II

 

 

Date & Time: 24/04/2007 / 9:00 – 12:00         Dept. No.                                                     Max. : 100 Marks

 

 

Section – A                                       (10 X 2 = 20)

Answer All Questions

 

  • A Customer gives his tailor a length of suiting and requires him to make a suit for him, the lining materials and the buttons to be supplied by the tailor. State the nature of the transaction

 

  • Define “Turnover” as per the Central Sales Tax  Act 1956
  • Who is a “Casual Trader” under the T.N.G.S.T Act 1959

 

  • A of Delhi comes to Mumbai and purchases goods from B in Mumbai. After purchasing, A transports these goods to Delhi in his own name. Is this sale chargeable to Central Sales tax?

 

  • What do you mean by Insurable Interest

 

  • Define ‘Whole Sale dealer’ under the central Excise Act 1944

 

  • When is a sale or purchase of goods said to take place in the course of import or export.

 

  • Write a note on endowment Policy

 

 

  • Define the concept of “Charter party” under the carriage of goods Act.

 

  • Bring out the meaning of ‘Subrogation’ under the insurance contract

 

Section – B                                     (5 X 8 = 40)

Answer Any Five Questions

 

  • Sate the doctrine of caveat emptor and the exceptions to it.

 

  • Enumerate and explain the rights and the liabilities of a common carrier
  • What is a contract of insurance? Explain the basic principles of the law of Insurance.

 

 

 

  • State and explain in detail the provisions for the levy and the collection of excise duty under the Central Excise Act 1944

 

  • State the implied conditions in a contract for the sale of goods.

 

  • Define the following terms as per the T.N.G.S.T Act 1959 with suitable illustrations
    1. Turnover
    2. Total Turnover
    3. Taxable Turnover

 

  • Distinguish between sale and an Agreement to Sell

 

  • What is auction sale? What are the rules relating to auction sale?

 

Section – C                                  (2 X 20 = 40)

Answer Any two Questions

 

  • When is a seller of goods deemed to be a unpaid seller? What are the rights against
    1. the goods
    2. the buyer personally?

 

  • Discuss in detail the provisions regarding the following as per the CST act 1956

 

  1. Sale or purchase of goods in the course of inter-state trade
  2. Sale or purchase of goods outside a state
  3. Registration of dealers

 

  • “Delivery does not amount to acceptance of goods” Discuss, when a buyer can be said to have accepted the goods and the rules as to delivery of goods with proper illustrations

 

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Loyola College B.Com April 2007 Business Law – I Question Paper PDF Download

LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

B.Com.

TH 07

DEGREE EXAMINATION –COMMERCE

THIRD SEMESTER – APRIL 2007

CO 3500BUSINESS LAW – I

 

 

Date & Time: 21/04/2007 / 1:00 – 4:00            Dept. No.                                                     Max. : 100 Marks

 

 

 

Section – A

 

  1. Answer all the questions: 10 x 2 = 20 Marks

 

  1. What is an unenforceable contract?
  2. What is the object and nature of the law of contract?
  3. Mr. A tells his wife that he would commit suicide, if she does not transfer her personal assets to him.  She does so under the threat.  Can the wife avoid the contract?  State your reasons.
  4. When does a claim of Quantum Meruit arise?
  5. What is aQuasi contract?
  6. Who is a substituted agent?
  7. X & Y go into a shop.  X says to the shopkeeper, “Let Y have the goods and if he does not pay, I will”.  What kind of contract is this?  Would it make any difference in your answer if X said to the shopkeeper, “Let Y have the goods, I will see you paid”?
  8. Define Bailment.
  9. Give any four examples of Non-mercantile agents.
  10. What do you mean by Maintenance and Champerty?

 

Section – B

 

  1. Answer any FIVE questions only: 5 x 8 = 40 Marks

 

  1. Explain in detail the various types of contract.
  2.  Condense the legal rules relating to communication of acceptance.
  3. What do you understand by the term “capacity to contract”?  What is the effect of agreements made by persons not qualified to contract?
  4. Briefly explain the requisites of valid tender.
  5. State the conditions to be fulfilled before the Doctrine of Ratification can apply to an act of an agent.
  6. What are the various ways by which agency is created?
  7. Define Indemnity.  What are the rights of the Indemnity-holder?
  8. Distinguish between wagering agreements and contingent contracts.

 

Section – C

 

III. Answer any TWO questions only:                                            2 x 20 = 40 Marks

 

  1. “All agreements are not contracts but all contracts are agreements”.  Discuss the statement explaining the essential elements of a valid contract.
  2.  Explain in detail the rights and duties of Bailor and Bailee.
  3. Who is a Surety?  State the circumstances in which a surety is discharged from liability.

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