LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

   B.Com. DEGREE EXAMINATION – CORPORATE SEC.

FIFTH SEMESTER – NOVEMBER 2010

BC 5503 – COMMERCIAL LAW

 

 

 

Date : 03-11-10                     Dept. No.                                        Max. : 100 Marks

Time : 9:00 – 12:00

PART – A

Answer ALL Questions                                                                                                 (10 x 2 = 20 marks)

 

1. Define a contract of indemnity.
2. What is Revocation of guarantee?
3. Define bailment.
4. What is pledge?
5. State whether a partnership agreement should be registered.
6. What is meant by dissolution of the firm?
7. What is meant by consumer dispute?
8. Define a Consumer.
9. What is VAT?
10. State the objectives of consumer protection?

 

PART – B

 

Answer any FIVE Questions                                                                                        (5 x 8 = 40 marks)

 

11. State the rights of the indemnified.
12. State the circumstances under which a contract of guarantee is discharged.
13. State the rights of the pledgee.
14. Define finder of the lost goods.
15. State the disadvantages of not registering a firm.
16. State the methods under which a partnership firm could be dissolved.
17. State the advantages of the consumer protection Act.
18. Explain the advantages of tax credit system in VAT.

 

PART – C

 

Answer any TWO of the following Questions                                                           (2 x 20 = 40 marks)

 

19. Explain the rights and duties of bailor and bailee.
20. What are the rights of the surety against (i) The principal debtor (ii) The credit before and

after payment of guaranteed sum (iii) Co-surety?

21. State the salient provisions of the consumer protection Act of 1986 and how far it meets

the present requirements and grievances of the modern consumer.

 

 

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LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

B.Com. DEGREE EXAMINATION – CORPORATE SEC.

FIFTH SEMESTER – APRIL 2011

BC 5503 – COMMERCIAL LAW

 

 

 

Date : 19-04-2011              Dept. No.                                          Max. : 100 Marks

Time : 1:00 – 4:00

 

PART-A

 

ANSWER ALL THE QUESTIONS                                                                       (10X2=20marks)

 

1. What is particular lien?
2. What are the objectives of Consumer Protection Act?
3. What is VAT?
4. What is ‘Contract of Guarantee’?
5. Define Pledge.
6. What is a Partnership firm?
7. Who is a finder of goods?
8. Define Bailment.
9. Who is a minor partner?
10. What is a contract of Indemnity?

 

                                                          PART – B

ANSWER ANY FIVE QUESTIONS                                                                      (5X8=40marks)

 

1. Explain the different types of partners.
2. When does a bailment come to an end?
3. Give an account of Unfair trade practices as per the Consumer Protection Act.
4. Distinguish between a contract of guarantee and a contract of indemnity.
5. In what circumstances is a partnership dissolved compulsorily by the court?
6. What are the objectives of VAT?
7. What is a continuing guarantee? When and how is it revoked?
8. What are the essential features of  a contract of guarantee?

 

                                                            PART – C

 

ANSWER ANY TWO QUESTIONS                                                                   (2X20=40marks)

 

1. What are the rights of bailor and bailee?
2. State the circumstances in which a surety is discharged from a liability?
3. What are the arguments in favour of VAT, and difficulties in administering VAT in India?

 

 

 

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