LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

B.Com. DEGREE EXAMINATION – COMMERCE

KP 19

FOURTH SEMESTER – April 2009

CO 4503 – BUSINESS LAW & VAT

 

 

 

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

 

 

SECTION  A : Answer ALL questions             ( 10 x 2 = 20 )

1. What are ‘specific goods’?
2. What is a Way Bill?
3. Who is a nominee of an insurance Policy?
4. What do understand by ‘Uberrimae fidei’?
5. Who is a Common carrier?
6. What is the extent of Indian Railways’ liability?
7. Who is a consumer?
8. What is a ‘grievance’ for a consumer?
9. What is meant by cascading effect?
10. State the objectives of VAT.

 

SECTION  B : Answer Any FIVE  questions             ( 5 x 8 = 40 )

11. Is a Hire purchase a sale? Give reasons.
12. Distinguish between Conditions and Warrantees as per the Sale of goods Act.
13. A ship was insured against loses resulting from collision. There was a collision and consequently the ship was delayed for a few days. The ship was carrying some eatables which became unfit for human consumption due to late arrival at the port of destination. Is the insurer liable for loss? Explain the Principle involved.
14. Who is a Common Carrier ? What are his duties?
15. What is an Average clause in a policy? With an example illustrate it.
16. What are unfair trade practice? Give examples.
17. Mention five reasons for the Consumer Protection Act not being fully used in India.
18. Briefly explain the methods of set off of Tax credit.

SECTION  C :    Answer Any TWO questions             ( 2 x 20 = 40 )

19. Who is an unpaid seller? What are his rights and duties?
20. Discuss the salient principles of governing a contract of insurance.
21. Discuss the various provisions in the consumer Protection act 1986 that educates a consumer and safe guards his welfare and giving redresses to his grievances.

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LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

B.Com. DEGREE EXAMINATION – COMMERCE

FOURTH SEMESTER – APRIL 2012

CO 4503/CO 4501 – BUSINESS LAW & VAT

 

 

 

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

Time : 1:00 – 4:00

 

PART – A

ANSWER ALL THE QUESTIONS:                                                                            (10×2=20 marks)

 

1. Define a contract of sale.
2. What are future goods?
3. Give the meaning of the terms ‘condition’ and ‘warranty’.
4. Who is a gratuitous carrier?
5. Give the meaning for re-insurance and double insurance.
6. What is VAT?
7. What is meant by CAVEAT EMPTOR?
8. Write a note on symbolic delivery.
9. What is right of lien?
10. Give the meaning for the terms ‘insurance’ and ‘assurance’.

PART – B

ANSWER ANY FIVE QUESTIONS:                                                                          (5×8=40 marks)

11. Explain the essentials of a valid contract of sale.
12. Explain the various implied conditions.
13. Bring out the rights of a common carrier.
14. Describe the objectives of the Consumer Protection Act.
15. Explain the objectives of VAT.
16. Explain the circumstances under which sale of goods by non-owners is valid.
17. Briefly describe the different kinds of contract of insurance.
18. Discuss the rights of the consumers.

PART – C

ANSWER ANY TWO QUESTIONS:                                                                    (2×20=40 marks)

19. Distinguish between a sale and an agreement to sell.
20. Explain the fundamental principles of Insurance contract.
21. Discuss the liabilities of railway administration as carrier of goods.

 

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LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

B.Com. DEGREE EXAMINATION – COMMERCE

FOURTH SEMESTER – NOVEMBER 2012

CO 4503/CO 4501 – BUSINESS LAW & VAT

 

 

 

Date : 07/11/2012             Dept. No.                                        Max. : 100 Marks

Time : 1:00 – 4:00

 

PART – A

 

Explain the following Terms:                                                                           (10×2=20 marks)

 

1. Auction sale
2. Agreement to sell
3. MRTP Commission
4. Appeal
5. Subrogation
6. Contract of insurance
7. Restrictive Trade Practice
8. VAT
9. Scheduled goods
10. Common carrier

PART – B    

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

 

11. What are the duties of the buyer?
12. What are the Express and Implied conditions?
13. What are the objects of the Central Consumer Protection Council?
14. Explain “Unfair Trade Practices” under the MRTP Act.
15. What are the functions of Insurance?
16. Explain the different types of Fire Insurance Policies.
17. What are the rights of a Common Carrier?
18. What are the objectives of VAT?

PART – C

 

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

 

19. What are the rights of an Unpaid Seller? Describe using examples.
20. Describe the procedure on admission of complaint relating to goods and services. Explain using illustrations.
21. Explain and Illustrate the fundamental principles of Insurance.

 

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