LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

B.Com. DEGREE EXAMINATION – CORPORATE SECRETARYSHIP

IR 15

FIFTH SEMESTER – April 2009

BC 5503 – COMMERCIAL LAW

 

 

 

Date & Time: 27/04/2009 / 1:00 – 4:00       Dept. No.                                                       Max. : 100 Marks

 

 

 

SECTION-A                          (10 x 2 = 20 MARKS)

ANSWER ALL QUESTIONS

 

1. Define indemnity.
2. What is a specific guarentee?
3. What is bailee’s lien?
4. Explain the features of pledge
5. What is a partnership deed?
6. When can a partner be expelled?
7. Who can file a complaint as per the consumer protection Act, 1986
8. Write short notes on unfair trade practices.
9. What is VAT?
10. Define Mortgage.

 

                                            SECTION-B                   (5 x 8 = 40 MARKS)

ANSWER ANY FIVE QUESTIONS

 

11. What are the rights of indemnity holder?
12. Compare Guarantee with Indemnity
13. Discuss the rights and duties of bailor and bailee.
14. Describe the rights and duties of finder of lost goods.
15. Describe the position of a minor admitted to the benefits of partnership.
16. What are the consequences of non-registration of a partnership firm?
17. Explain in detail the role of consumer Dispute redressal Agencies.
18. What are the objectives of VAT? Explain the method of set-off of Tax Credit.

 

                                                  SECTION-C              (2 x 20 = 40 MARKS)

ANSWER ANY TWO QUESTIONS:

 

19. What are the rights of Surety? How is the liability of Surety discharged?
20. What are the consequences of dissolution of a firm?
21. Define bailment. Explain different kinds of bailment.

 

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