LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034
B.Com. DEGREE EXAMINATION – CORPORATE SEC.
THIRD SEMESTER – NOVEMBER 2010
BC 3500 – MERCANTILE LAW
Date : 30-10-10 Dept. No. Max. : 100 Marks
Time : 9:00 – 12:00
SECTION – A
ANSWER ALL THE QUESTIONS. (10 x 2=20)
- What is ‘consensus ad idem’?
- What constitutes an offer?
- Give two examples for wagering agreement.
- Who can demand performance?
- Define ‘misrepresentation’.
- What is ‘causa proxima’?
- Explain the concept of reinsurance.
- What is insurable interest?
- State the meaning of ‘tender’?
- Define ‘goods’ under CST Act.
SECTION – B
ANSWER ANY FIVE QUESTIONS. (5 x 8=40)
- Discuss the essential elements of fraud.
- Enumerate the legal rules related to offer.
- Explain briefly the fundamental principles of insurance.
- What is agency by ratification? Explain the requisites of a valid ratification.
- “A seller cannot convey a better title to the buyer than he himself has.” Discuss the rule
and state the exceptions.
- What is ‘turnover’ as per the CST Act of 1956?
- What are the implied conditions in contract for sale of goods?
- Explain any eight types of fire insurance policies.
SECTION – C
ANSWER ANY TWO QUESTIONS. (2 x 20=40)
- How are contracts classified? Explain with illustrations.
- Discuss the rights, duties and liabilities of a common carrier.
- What are the various ways through which a contract may be discharged?