Code No. : Sub. Code : MCO 52

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1 (8 pages) Reg. No. :... Sub. Code : MCO 52 B.Com. DEGREE EXAMINATION, APRIL Fifth Semester Commerce Main BUSINESS LAW (For those who joined in July 2005 and earlier) Time : Three hours Maximum : 100 marks SECTION A (10 1 = 10 marks) Answer ALL questions. Choose the correct answer : 1. ºPÎøh Ehß õmøh EshõUQ Phø ø ÂÍUSÁxuõß J u GÚ TÖ Áº (A) \õà sm (B) \õâuû G.]. _U»õ Gß.i. P º An agreement creating and defining obligations between the parties defined by (a) Salmond (b) Savigny (c) M.C. Shukla (d) N.D. Kapoor

2 2. øp õö Ehß õmiß õup C UP Ásk (A) \mh ºÁ õúuõp (B) \mh ºÁ ØÓuõP ö\à»õuuõp Esø ØÓuõP Consideration and object of an agreement must be (a) Lawful (b) Unlawful (c) Void (d) Not real 3. J øhä Gß x J Áº ØÓÁ h õupzvøpõp ö õ mpøí J øhzu»õs (A) SÔ mh õupzvøpõp (B) HuõÁx J õupzvøpõp ö õx õupzvøpõp õøö õupzvøpõp Bailment is delivery of goods for (a) Specific purpose (b) Any purpose (c) General purpose (d) Exchange purpose 4. EzvµÁõu J u i øn õí ß ö õö õáx (A) ußø õúx (B) Cµshõ {ø» õúx Cøn x µä ußø GxÄ CÀø» As per contract of guarantee the surety s liability is (a) Primary (b) Secondary (c) Co-extensive (d) None of these Page 2

3 5. \ P Ehß õmiøs J Euõµn (A) s ºPøÍ Â vøs AøÇzuÀ (B) v n ^mk ÂøÍ õkuà ØTÔ øá AøÚzx Which one is an example of social agreement? (a) (b) (c) (d) Inviting friends for a party Marriage Playing with cards All of the above 6. xøn uàáº RÌUPshÁ ß Pmk õmiß RÌ ö\ À káº (A) PÁº (B) v¼ PÁº uàáº J øh ö\ Áº Sub-agent does his work under the control of (a) Agent (b) Substituted agent (c) Principal (d) Bailer 7. J u Aø SøÓ u m\ uøá õú EÖ ÚºPÒ (A) J Áº (B) C Áº Áº IÁº Number of persons required to form a contract (a) One (b) Two (c) Three (d) Five Page 3

4 8. C v õâà CÍÁ hß ö\ x öpõòð J u Êø õp (A) ö\à¾ (B) ö\à»õx Esø ØÓuõP C US \mh ºÁ õp ö\à¾ In India minor s contracts are absolutely (a) Valid (b) Invalid (c) Not real (d) Valid under law 9. ÂØ øú J u Gß x (A) ÂØ øú (B) ÂØ øúupõú Ehß õk (A) ØÖ (B) Cµsk Ehß õk Contract of sale refers to (a) Sale (b) Agreement to sell (c) Both (a) and (b) (d) Agreement 10. Á¾UPmhõ Gß x (A) EhÀ \õº u \Uv (B) Ú \õº u \Uv õ\i GxÄªÀø» Coercion relates to (a) Physical force (b) Mental force (c) Fraud (d) None of these Page 4 [P.T.O.]

5 SECTION B (5 6 = 30 marks) Answer ALL questions, choosing either (a) or (b). Each answer should not exceed 250 words. 11. (A) õ\i ß C»UPn u P. Auß TÖPÒ õøá? Define fraud. What are the essentials of fraud? (B) J uzøu E ÁõUP usv À»õuÁºPÒ õáº? Who are the persons in-competent to make a contract by status? 12. (A) EzvÁõu J uzvß C»UPn u x AuÛß ]Ó À PøÍ TÖP. Define contract of guarantee and state its special features. (B) Pø J u C»UPn u P. Auß ]Ó À PÒ õøá? Define a contract of agency. What are its essentials? Page 5

6 13. (A) öuõø» u ö õ mpøí PsöhkzuÁ ß E ø PÒ õøá? What are the rights of finder of lost goods? (B) øn õí ß E ø PÒ õøá? What are the rights of surety? 14. (A) J PÁ ß E ø PÒ õøá? What are the rights of an agent? (B) HØ USz uøá õú UQ A \[PÒ õøá? What are the essentials of acceptance? 15. (A) ÂØ øú ØÖ ÂØ øú Ehß õk ÁÖ kzxp. Distinguish between sale and agreement to sell. (B) \µuspò ÁÇ[P¼ß ÁøPPÒ ØÔ ÂÍUSP. Explain the kinds of delivery of goods. Page 6

7 SECTION C (5 12 = 60 marks) Answer ALL questions, choosing either (a) or (b). Each answer should not exceed 600 words. 16. (A) J uzvß À ÁÖ ÁøPPøÍ ÂÁµ õp ÂÍUSP. Describe elaborately the various kinds of contracts. (B) Ehß õkpò AøÚzx J u õpõx. BÚõÀ J u[pò AøÚzx Ehß õk BS ÂÁ. All agreements are not contracts but all contracts are agreements Discuss. 17. (A) J u õ»äpò ØÔ } AÔÁx õx? Auß À ÁÖ ÁøPPÒ ØÔ ÂÁ. What do you mean by Quasi Contracts? Discuss the various kinds of quasi-contracts. (B) Ö Ûß À ÁÖ ÁøPPÒ ØÔ ÂÁ. Discuss the various kinds of consideration. Page 7

8 18. (A) øn õíº G ö õêx ÂkÂ ö ÖQßÓõº? List out the circumstances under which a surety is discharged. (B) Âø»ö Óõ ÂØÓÁ ß E ø PøÍ ÂÁ. Explain the rights of an unpaid seller. 19. (A) J øhä ö Ö Á ß E ø PÒ ØÖ Phø PÒ õøá? What are the rights and duties of Bailee? (B) J u ÔÂß õà AÎUP k ÀÁøP Põµ[PøÍ ÂÍUP õp ÂÁ UP. Enumerate the different remedies awarded for breach of contract. 20. (A) \µus ÂØ øúa \mh Pmhõ { uøú ØÖ EzvµÁõu { uøúpò ØÔ õx TÖQÓx? What are the conditions and warrantees that are stated in sale of goods act? (B) Pø ÔÁuØPõÚ ÁÈ ÁøPPøÍ ÂÁ. Explain the various modes of termination of agency. Page 8

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