B.com Part 2 – Business Law 2006 Regular Paper

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BUSINESS LAW       2006 (REGULAR)

 

Time : 3 Hours                    Max. Marks:100

 

Instructions: Attempt Four questions from Section-”A”, and Two questions from Section “B”

 

 

SECTION “A” (COMMERCIAL LAW)

 

1.(a) How Contract is classified? (12)

(b) When an unsound mind is competent to contract and when not. (05)

2(a) What is meant by Performance of Contract of Sale under Sale of Goods Act 1930. (10)

(b) Discuss Unpaid Seller’s Lien. (07)

 

3.(a) Briefly state the provision of Law of Agency with regard to termination of an Agency by operation of. Law

(b) What is the Will of Partnership? (10+07)

 

4. Define the following terms of Law of Common Carrier:

(i) Common Carrier

(ii) Public Carrier.

(iii) Railway. (17)

5.(a) Indicate in each of the following situation whether it is a promissory note or not. (7)

(a) I promise to pay B 1000 when he delivers the goods

(b) I am bound to pay 1000 which I have taken from you.

(c) A received a receipt from B in the form of the following description:

We have received a sum of Rs. 1000/= from B. This amount will be repaid on demand. We have received this amount in Cash.

(b) Under what circumstances a Banker may refuse or must refuse to honour a Customer’s Cheque. (10)

 

6. Write short notes on any THREE of the following :(17)

(i) Sub-Agent.

(ii) Endorsement,

(iii) Bailment and Pledge.

(iv) Duties of bailor.

 

7. Attempt any One of the following :(17)

 

(a) What are the advantages of Partnership?

(b) Differentiate between the Contract of Indemnity and Contract of guaranty.

Section “B” (Industrial Law)

 

8. Discuss the legal provisions relating to Health of Workers under the Factory Act 1934. (15)

 

9. Explain any THREE of the following: (15)

(a) National Industrial Commission.

(b) Joint Management Board.

(c) Collective Bargain Agent.

(d) Labour Courts.

 

10. Define Strike and Lock out when they become illegal.

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