LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

B.Com. DEGREE EXAMINATION – COMMERCE

THIRD SEMESTER – APRIL 2006

                                                            CO 3500 – BUSINESS LAW – I

(Also equivalent to COM 502)

 

 

Date & Time : 18-04-2006/AFTERNOON   Dept. No.                                                       Max. : 100 Marks

 

 

PART – A

 

Answer ALL the questions                                                             (10 x 2 = 20 marks)

 

1. State the object of ‘Business Law?
2. Define the term ‘contract’?
3. How does a specific offer differ from a general offer?
4. Is there any time limit within which an acceptance is to be given? If so, specify the time limit.
5. Do you agree that consideration should be furnished by the promisee only? Why?
6. What is ‘Doctrine of restitution’? When does it apply to a minor?
7. Does a threat to commit suicide amount to coercion? Justify your answer.
8. Specify with an example the principle upon which a quasi-contract is created by law?
9. Why is a contract of bailment formed?
10. Mention the two established principles of an agency.

 

PART – B

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

11. Explain with examples the types of contract on the basis of their formation and performance?
12. What are the legal provisions relating to the communication of offer and acceptance?
13. “A contract without consideration is void”. Are there any exceptions to this rule?  If so, explain.
14. Specify and briefly explain the essentials for a valid coercion?
15. Discuss in brief the agreements which are opposed to public policy?
16. What are the remedies available to an aggrieved party for the breach of a contract?
17. Distinguish between a contract of indemnity and a contract of guarantee?
18. State and explain the rights of a Pawnee?

 

PART – C

Answer any TWO questions                                                            (2 x 20 = 40 marks)

19. “ An agreements enforceable by law is a contract “ – explain the statement illustrating the essential elements of a valid contract?
20. Discuss the various modes by which a contract may be discharged?
21. Describe the duties and the rights of an agent under the Indian contract Act, 1872?

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LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

B.Com.  DEGREE EXAMINATION – COMMERCE

TH 10

FOURTH SEMESTER – APRIL 2007

CO 4501  – BUSINESS LAW – II

 

 

Date & Time: 24/04/2007 / 9:00 – 12:00         Dept. No.                                                     Max. : 100 Marks

 

 

Section – A                                       (10 X 2 = 20)

Answer All Questions

 

• A Customer gives his tailor a length of suiting and requires him to make a suit for him, the lining materials and the buttons to be supplied by the tailor. State the nature of the transaction

 

• Define “Turnover” as per the Central Sales Tax  Act 1956
• Who is a “Casual Trader” under the T.N.G.S.T Act 1959

 

• A of Delhi comes to Mumbai and purchases goods from B in Mumbai. After purchasing, A transports these goods to Delhi in his own name. Is this sale chargeable to Central Sales tax?

 

• What do you mean by Insurable Interest

 

• Define ‘Whole Sale dealer’ under the central Excise Act 1944

 

• When is a sale or purchase of goods said to take place in the course of import or export.

 

• Write a note on endowment Policy

 

 

• Define the concept of “Charter party” under the carriage of goods Act.

 

• Bring out the meaning of ‘Subrogation’ under the insurance contract

 

Section – B                                     (5 X 8 = 40)

Answer Any Five Questions

 

• Sate the doctrine of caveat emptor and the exceptions to it.

 

• Enumerate and explain the rights and the liabilities of a common carrier
• What is a contract of insurance? Explain the basic principles of the law of Insurance.

 

 

 

• State and explain in detail the provisions for the levy and the collection of excise duty under the Central Excise Act 1944

 

• State the implied conditions in a contract for the sale of goods.

 

• Define the following terms as per the T.N.G.S.T Act 1959 with suitable illustrations
  1. Turnover
  2. Total Turnover
  3. Taxable Turnover

 

• Distinguish between sale and an Agreement to Sell

 

• What is auction sale? What are the rules relating to auction sale?

 

Section – C                                  (2 X 20 = 40)

Answer Any two Questions

 

• When is a seller of goods deemed to be a unpaid seller? What are the rights against
  1. the goods
  2. the buyer personally?

 

• Discuss in detail the provisions regarding the following as per the CST act 1956

 

1. Sale or purchase of goods in the course of inter-state trade
2. Sale or purchase of goods outside a state
3. Registration of dealers

 

• “Delivery does not amount to acceptance of goods” Discuss, when a buyer can be said to have accepted the goods and the rules as to delivery of goods with proper illustrations

 

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LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

B.Com.

TH 07

DEGREE EXAMINATION –COMMERCE

THIRD SEMESTER – APRIL 2007

CO 3500 – BUSINESS LAW – I

 

 

Date & Time: 21/04/2007 / 1:00 – 4:00            Dept. No.                                                     Max. : 100 Marks

 

 

 

Section – A

 

1. Answer all the questions: 10 x 2 = 20 Marks

 

1. What is an unenforceable contract?
2. What is the object and nature of the law of contract?
3. Mr. A tells his wife that he would commit suicide, if she does not transfer her personal assets to him.  She does so under the threat.  Can the wife avoid the contract?  State your reasons.
4. When does a claim of Quantum Meruit arise?
5. What is aQuasi contract?
6. Who is a substituted agent?
7. X & Y go into a shop.  X says to the shopkeeper, “Let Y have the goods and if he does not pay, I will”.  What kind of contract is this?  Would it make any difference in your answer if X said to the shopkeeper, “Let Y have the goods, I will see you paid”?
8. Define Bailment.
9. Give any four examples of Non-mercantile agents.
10. What do you mean by Maintenance and Champerty?

 

Section – B

 

1. Answer any FIVE questions only: 5 x 8 = 40 Marks

 

1. Explain in detail the various types of contract.
2.  Condense the legal rules relating to communication of acceptance.
3. What do you understand by the term “capacity to contract”?  What is the effect of agreements made by persons not qualified to contract?
4. Briefly explain the requisites of valid tender.
5. State the conditions to be fulfilled before the Doctrine of Ratification can apply to an act of an agent.
6. What are the various ways by which agency is created?
7. Define Indemnity.  What are the rights of the Indemnity-holder?
8. Distinguish between wagering agreements and contingent contracts.

 

Section – C

 

III. Answer any TWO questions only:                                            2 x 20 = 40 Marks

 

1. “All agreements are not contracts but all contracts are agreements”.  Discuss the statement explaining the essential elements of a valid contract.
2.  Explain in detail the rights and duties of Bailor and Bailee.
3. Who is a Surety?  State the circumstances in which a surety is discharged from liability.

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LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

B.Com. DEGREE EXAMINATION – COMMERCE

RO 16

FOURTH SEMESTER – APRIL 2008

CO 4501 – BUSINESS LAW – II

 

 

 

Date : 29/04/2008                Dept. No.                                        Max. : 100 Marks

Time : 9:00 – 12:00

SECTION – A                                       10 x 2 = 20

Answer all Questions

 

1. What are the three types of delivery of goods?
2. Who is an unpaid seller?
3. Bring out the basic differences between life insurance and general insurance
4. What do you mean by Dcotrine Caveat Emptor
5. What are the basic evidences for interstate sale?
6. Distinguish between common, private and gratuitous carriers.
7. What is Causa Proxima?
8. Distinguish between advalorum and specific duty
9. What are auction auction Sales?
10. What are the different types of sales tax?

 

 

SECTION- B                                         5 x 8 = 40

Answer any five

 

1. State the differences between condition and warranty.
2. What are the grounds under which a common carrier is exempted from liability
3.  Distinguish between Bill of lading and Charter Party Agreement
4.  State the rights of an Unpaid seller against the buyer
5.  Distinguish between a) Basic Excise duty, b) Cess, c) Additional duty of excise,

1. d) Special surcharge on basic goods
2. How is a whole life policy different from endowment policy? Mention any four types of life policies?
3. What are the basic differences between Central and State sales tax?
4. Under what conditions exemptions are granted from sales tax and excise duty

 

 

SECTION – C                                           2 x 20 = 40

Answer any two

 

19) Explain and enumerate the implied conditions and warranties stated under

“SALE OF GOODS” acts?

 

20) Bring out the basic principles of contract of insurance.

 

21) Bring out the rights, duties and liabilities of a common carrier

 

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LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

B.Com. DEGREE EXAMINATION – COMMERCE

RO 11

THIRD SEMESTER – APRIL 2008

CO 3500 – BUSINESS LAW – I

 

 

 

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

Time : 1:00 – 4:00

 

PART – A

 

Answer ALL questions. Each carries TWO marks.          (10×2=20 marks)

 

1. What do you understand by the word ‘Consensus ad idem’ and its importance in law of contracts?
2. Can silence be prescribed as a mode of consent to an agreement?
3. A and B agree that B shall murder C with in a week for a sum of Rs. 10,000 and B received an advance of Rs. 3,000 and bought a gun. But C died of heart attack after two days. A demands his advance back but B wants the balance of Rs. 7000. What should be done?
4. What are the essentials of Wagering agreements?
5. What is meant by a lien? Distinguish between a General lien and a particular lien.
6. What are the essential elements of a valid tender of performance?
7. What is the scope of ostensible authority of an agent?
8. Can a non owner convey a valid Pledge? Explain.
9. What is meant by ‘quantum merruit’? Give an example.
10. Under what circumstances is a party entitled to specific performance?

 

PART – B

Answer any FIVE questions.                                               (5×8= 40 marks)

 

1. Distinguish between Fraud and Misrepresentation.
2. What are the essentials of wagering agreements?
3. Describe the remedies available for an aggrieved party in a contract?
4. Distinguish between a contract of indemnity and a contract of guarantee.
5. Even in a gratuitous bailment, does a bailee have his duties? What are they?
6. What is the scope of ostensible authority of an agent?
7. Can a minor enter into an agreement? If he does, can he sued?
8. Can a non owner convey a valid pledge?

 

PART – C

Answer any TWO questions.                                         (2×20=40 marks)

 

1. What is a Consideration? Discuss the legal rules for a valid Consideration.
2. “Impossibility of performance is, as a rule, not an excuse for non performance of a contract”. Discuss.
3. Discuss the rights and liabilities of a Surety against the Creditor and the Debtor and the         Co-sureties as well.

 

 

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LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

B.Com. DEGREE EXAMINATION – COMMERCE

QB 06

THIRD SEMESTER – November 2008

CO 3500 – BUSINESS LAW – I

 

 

 

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

Time : 9:00 – 12:00

 

SECTION –A                                    (10X2=20 MARKS)

 

Answer all the questions:

1. What are illegal contracts?
2. Define offer.
3. Who is a Del credue agent?
4. Define a contract of guarantee?
5. What do you understand by wagering agreement?
6. What is the need for consideration?
7. What is free consent?
8. X offered to sell his motor cycle to Y for Rs 20000 y said “I accept your offer, take Rs 10000 in cash and a promissory note for 30 days for the balance”, did a contract result?
9. What do you mean by particular lien?
10. What are unlawful agreements?

SECTION –B                           (5×8= 40 marks)

 

Answer any FIVE Questions

11. What are void contracts? What are the circumstances under which a contract becomes void?
12. How a continuing guarantee can be revoked?
13. What you understand by doctrine of quantum meruit?
14. What are the consequences of misrepresentation?
15. Distinguish between coercion and undue influence.
16. What do you mean by performance of contract?
17. When can a finder of lost goods sell the goods?
18. What is meant by anticipatory breach of contract?

SECTION-C                             (2X20= 40 MARKS)

Answer any TWO Questions

19. What do you mean by contract? List out the essentials of a valid contract?
20. “Any one is not competent to enter into a valid contract”- Explain.
21. What do you mean by discharge of contract? Discuss the various modes by which a contract may be discharged.

 

 

 

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     LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

B.Com. DEGREE EXAMINATION – COMMERCE

KP 17

FOURTH SEMESTER – April 2009

CO 4501 – BUSINESS LAW – II

 

 

 

Date & Time: 29/04/2009 / 9:00 – 12:00     Dept. No.                                                       Max. : 100 Marks

 

 

SECTION – A

Answer ALL the questions.                                                                (10 x 2 = 20)

 

1. Give the meaning of ‘Agreement to sell.’
2. What is advalorem duty?
3. Explain ‘condition’ with an example.
4. What is an auction sale?
5. Who is a casual trader?
6. What is ‘causa proxima’?
7. List the various elements in a ‘sale’ under TNGST Act.
8. What is a ‘turnover’ under CST Act?
9. Define ‘excisable goods.’
10. What is group insurance?

 

SECTION – B

Answer any FIVE questions.                                                                (5 x 8 = 40)

 

11. Enumerate the rules as to delivery of goods under Sale of Goods Act.
12. Distinguish between sale and agreement to sell.
13. State and explain the general principles of insurance.
14. Write a note (a) remission of excise duty (b) objectives of VAT.
15. Discuss the different types of levy payable under TNGST Act.
16. When is sale said to be “inter-state sale” under CST Act?
17. Explain the different kinds of excise duty leviable under Central Excise Act.
18. Describe the basis for levy of excise duty.

 

SECTION – C

Answer any TWO questions.                                                                (2 x 20 = 40)

 

19. Discuss the rights of an unpaid seller.
20. Explain the rights, duties and liabilities of a common carrier.
21. Briefly explain the various types of insurence policies.

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       LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

B.Com. DEGREE EXAMINATION – COMMERCE

KP 11

THIRD SEMESTER – April 2009

CO 3500 – BUSINESS LAW – I

 

 

 

Date & Time: 05/05/2009 / 9:00 – 12:00     Dept. No.                                                       Max. : 100 Marks

 

 

SECTION   A                                                 (10 x 2 = 20Marks)

I Answer ALL questions.

 

1. Define the term ‘Contract’ as given in (Sect 10) of the Indian Contract Act 1872.
2. Define ‘Quasi-Contract.’

3 ..Define ‘General Offer’.

4. Define ‘Cross Offers’ .Give an example..
5. ‘Consideration may be Past ,Present or Future’ .Do you agree?
6. Define ‘Privity of Contract’.
7. Define ‘Guarantee’ Who are the parties involved in it?
8. State the various classification of Bailment.
9. Define ‘Agency by Estoppel’.

10.Define ‘Non-Mercantile Agent’. Give any two examples.

 

SECTION  B                                   (5 x  8 = 40marks)

II Answer any FIVE questions:

 

11. Discuss Classification of Contracts.
12. How does an offer lapse? Explain the provisions relating to lapse of an offer under

The Indian Contract Act.

13. Discuss the circumstances under which a contract without consideration is not void.
14. Explain the provisions relating to persons who are not competent to enter into a

Contract.

15. Bring out the important points of differences between Coercion and Undue influence.
16. Define Wagering Agreements. Discuss the essentials of wagering agreements.
17. Define ‘Particular Lien’ and ‘General Lien’ .Bring out the important differences

between the two.

18. What are the modes by which an agency can be terminated?

 

                                         SECTION  C                     (2 x 20 = 40marks)

III.Answer any TWO questions;

 

19. Explain in detail the essentials of valid contract.
20. What do you mean by Discharge of Contract? Discuss the various modes by which a

Contract may be discharged.

21. Discuss in detail the rights of an agent against his principal as provided in the Indian

Contract Act.

 

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LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

B.Com. DEGREE EXAMINATION – COMMERCE

THIRD SEMESTER – APRIL 2011

CO 3500 – BUSINESS LAW – I

 

 

 

Date : 12-04-2011              Dept. No.                                                    Max. : 100 Marks

Time : 1:00 – 4:00

 

SECTION – A

 

ANSWER ALL THE QUESTIONS                                                                                     (10X2=20)

 

1. What is consensus ad idiom?
2. Differentiate between unilateral contract and bi lateral contract.
3. What is a cross offer?
4. Explain the term coercion.
5. Write a note on bilateral mistake.
6. What is wager? Give an example.
7. What do you mean by restitution?
8. What is novation?
9. Write a note on rescission?
10. Define bailment.

SECTION – B

 

ANSWER ANY FIVE QUESTIONS                                                                                               (5X8=40)

 

11. Classify contracts according to formation and performance.
12. When does an offer come to an end?
13. “A minor liable on a contract for necessaries”. Discuss.
14. What is a contingent contract? Explain the essential characteristics of a contingent contract.
15. By whom contracts must be performed? Explain.
16. “Discharge by supervening impossibility”. Discuss.
17. Differentiate between a contract of indemnity and a contract of guarantee.
18. Bring out the duties of a bailee.

SECTION – C

 

ANSWER ANY TWO QUESTIONS                                                                                               (2X20=40)

 

19. Explain on the essential elements of a valid contract.
20. Briefly describe the various kinds of quasi contracts.
21. When consideration or object is unlawful? Discuss.

 

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LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

B.Com. DEGREE EXAMINATION – COMMERCE

THIRD SEMESTER – APRIL 2012

CO 3500 – BUSINESS LAW – I

 

 

 

Date : 24-04-2012              Dept. No.                                        Max. : 100 Marks

Time : 9:00 – 12:00

 

PART – A

Answer ALL the questions:                                                                                   (10×2=20)

 

1. What is an Agreement? Explain with an example.
2. What constitutes an Offer?
3. Who are ‘incompetent to Contract’?
4. Give the meaning of ‘privity to Contract’.
5. Write any four agreements contrary to public policy.
6. Mention the characteristics of a Contingent Contract.
7. Who must perform the Contract?
8. State any two differences between Contracts of indemnity and guarantee.
9. When is a Pledge by non-owners valid?
10. Who is a Del-Credere Agent?

 

PART – B

Answer any FIVE questions:                                                                                        (5×8=40)

 

1. How are Contracts classified?
2. Enumerate the legal rules as to Acceptance.
3. State the exceptions to the rule that Contracts without consideration is void.
4. What is assignment of Contract? How does it take place?
5. What are Quasi-contracts? Enumerate the different types of Quasi-contracts.
6. State the circumstances in which a Surety is discharged from liability.
7. Explain the duties of a Bailee under bailment.
8. Mention the rights of an Agent against the Principal.

 

PART – C

Answer any TWO questions:                                                                                      (2×20=40)

 

1. “When there is no consent there is no Contract.”  Discuss with reference to flaws in consent.
2. What is a void agreement? Enumerate expressly declared void agreements under the Indian Contract Act.
3. What remedies are available to an aggrieved party for breach of Contract?

 

 

 

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