Loyola College Business Law-I Question Papers Download

Loyola College Supplementary (Commerce) April 2006 Business Law – I Question Paper PDF Download

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             LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

SUPPLEMENTARY SEMESTER EXAMINATION – JUN 2006

B.COM. DEGREE EXAMINATION

                                                            CO 3500 – BUSINESS LAW – I

 

 

 

Date & Time : 28/06/2006/1.00 – 4.00          Dept. No.                                                       Max. : 100 Marks

 

 

Section – A (10 × 2 = 20 marks)

Answer ALL the questions.

  1. How does an agreement differ from a contract?
  2. What is the legal effect of cross offers?  Give an example.
  3. When an acceptance may be revoked?  Illustrate.
  4. Do you agree that the performance of legal duty is a valid consideration for one’s promise to pay?
  5. Can a lunatic enter into a valid contract?  Justify your answer.
  6. What is the legal consequency of ‘undue influence’ on the validity of a contract?
  7. Specify with an example any one circumstance under which the object of an agreement is unlawful?
  8. When does a breach of contract occur?  What is its legal effect?
  9. Why is a contract of indemnity formed?
  10. What is known as ‘ex-post facto agency’?

Section – B (5 × 8 = 40 marks)

Answer ANY FIVE questions.

  1. “All contracts are agreements but all agreements are not contracts” – Comment.
  2. What are the circumstances under which an offer comes to an end?
  3. Specify and explain in brief any eight legal rules for a valid acceptance?
  4. “Consideration may be past, present on future” – Explain with examples.
  5. Differentiate fraud from misrepresentation?
  6. What are the provisions of the Indian Contract Act which govern the performance of joint promises?
  7. Explain the nature and extent of surety’s liability?
  8. Briefly explain the position of an aggrieved party in case of anticipatory breach of contract?

Section – C (2 × 20 = 40 marks)

Answer ANY TWO questions.

  1. Classify and discuss the types of contract?
  2. List out and briefly explain with examples the types of agreements which are legally declared void?
  3. Describe the duties and the rights of a bailor and a bailee?

 

 

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Loyola College M.Com Nov 2003 Business Law-I Question Paper PDF Download

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LOYOLA COLLEGE (AUTONOMOUS),  CHENNAI – 600 034.

DEPARTMENT OF COMMERCE (Self Supporting Course)

SNAP TEST

CO 3500  –  BUSINESS LAW – I

 

Time : 1.00 Hour                                                                                                                       Date     :    13/10/2003.

Marks   :    20

 

SECTION – A

(Without Choice)                                ( 10 x 1 = 10 marks )

 

State whether the following statements are (True / False)                                         ( 3 x 1 = 3 marks )

 

  1. The event in a contingent contract may be certain (or) uncertain.

 

  1. Tender means actual performance is involved.

 

  1. In case of Several  Joint Promissors, the promisee can demand the performance from anyone (or) more of joint promisors.

 

Match the following

 

(4 x 1 = 4 marks)

  1. (i) Rescission                            (a)  Relinquishment of  rights

(ii)    Remission                             (b)  Substitution of new contract

(iii)   Waiver                                  (c)   accepting lesser fulfillment of promise

(iv)    Novation                             (d)   Cancellation of Contract.

 

Choose the Correct Answer

( 3 x 1 = 3 marks)

  1. Anticipatory breach involves (occurs)
  2. After the performance is due
  3. before the performance is due
  4. at the time of performance
  5. None of these

 

  1. Payment of interest at compound rate is
  2. a penalty
  3. not a penalty
  4. Payment of higher rate of interest (compound) is a penalty
  5. both (b) and (c)

 

  1. Quasi – contracts include
  2. Right to recover the Price of necessaries supplied
  3. Right to recover for non-gratuitous act.
  4. Responsibility of finder of goods.
  5. All the above.

 

SECTION – B

Answer any FIVE of the following;                                                                                 ( 5 x 2 = 10 marks )

 

  1. What is wagering agreement?
  2. Define “Restitution”.
  3. Write a note on reciprocal promise.
  4. What do mean by supervening impossibility?
  5. What is meant by liquidated damage?
  6. What is quantum Merit?
  7. “Actual Breach of Contract” – Explain the concept.

 

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