LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

B.B.A. DEGREE EXAMINATION – BUSINESS ADMINISTRATION

AP 06

THIRD SEMESTER – APRIL 2008

BU 3500 – MERCANTILE LAW

 

 

 

Date : 22/04/2008                Dept. No.                                        Max. : 100 Marks

Time : 1:00 – 4:00

 

SECTION – A                       (10 X 2 = 20 marks)

Answer ALL the questions:

 

1. What is a Voidable contract?
2. What is an “Executory Contract?”
3. Define a “Cross offers”.
4. Write a short note on “Minor as an Agent”.
5. Define the term “Authority of an Agent”.
6. Define the term “Agreement to sell”.
7. Define Warranty.
8. Define “Charter Party”.
9. What are the terms commonly used in respect of all Insurance Contracts?
10. Define “Maritime Perils”.

 

SECTION – B                       (5 X 8 = 40 marks)

Answer any FIVE questions:

 

1. Discuss the Classification of Contracts according to their mode of creation.
2. Explain about the persons who are disqualified by law to enter into a contract.
3. State the provisions of Indian Contract Act regarding the persons who are entitled to perform the contract.
4. Discuss the agency relationship between a husband and his wife.
5. Define the term “Goods”. What are the classification of Goods- explain the provisions under the Sale of Goods Act.
6. Define a Common Carrier. What are the characteristics of a Common Carrier?
7. Discuss the types of Marine Policies.
8. Discuss the principles of Insurance.

 

 

SECTION – C                       (2 X 20 = 40 marks)

Answer any TWO questions only:

 

1. Discuss in detail the essential and legal rules for a valid contract.
2. Explain the various types of Life Insurance Policies.
3. Explain in detail the cases where Objects and Consideration is Unlawful.

 

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LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

    B.B.A. DEGREE EXAMINATION – BUSINESS ADMINISTRATION

OA 04

THIRD SEMESTER – November 2008

BU 3500 – MERCANTILE LAW

 

 

 

Date : 06-11-08                     Dept. No.                                        Max. : 100 Marks

Time : 9:00 – 12:00

PART – A

Answer ALL Questions:-                                                                                                       ( 10 x 2 = 20)

 

1. What do you understand by consensus ad idem?
2. Distinguish with an example ‘jus in rem’ and ‘jus in personam’.
3. What is a wagering agreement?
4. Can a third party ( a stranger to the contract) come forward to perform the contract?
5. Who is a private carrier?
6. What do you understand by the doctrine of subrogation?
7. Distinguish a sub agent from a substituted agent.
8. Does hire purchase agreement amount to a sale? Explain.
9. Under the CST Act, where is a sale said to take place (i.e. Place of sale)?
10. Give two exemptions to the rule ‘Nemo dat non quod habet’.

PART – B

Answer any FIVE Questions:-                                                                                               ( 5 x 8 = 40)

 

11. Define an offer. When does an offer come to an end?
12. Examine the legal position of minors in contract.
13. Explain and illustrate the effect of ‘mistake of fact’ on contracts.
14. Explain the provisions on assignment of contracts.
15. Examine the liabilities of a common carrier.
16. What do you understand by maritime perils?
17. Can an agent be held liable for the contracts entered into by him on behalf of the principal? Explain.
18. Briefly discuss what kinds of sale come under the definition of ‘sale in the course interstate trade or

commerce’.

PART – C

Answer any TWO Questions:-                                                                                                ( 2 x 20 = 40)

 

19. In the case Abdul Aziz Vs Masum Ali, it was held “ the promise was not enforceable because there

was no consideration in the sense of benefit”. Explain the case and bring out the legal requirements for

a valid consideration.

20. “Impossibility of performance is as a rule, not an excuse for non performance of a contract”. Discuss.
21. What are the rights and duties of the buyer under the Sale of goods Act?

 

 

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