B.com Part 2 – Business Law 2007 Private Paper

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BUSINESS LAW       2007 (PRIVATE)

 

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) Define the term CONTRACT . (04)

(b) Describe the essentials of a Valid Contract (13)

2.(a) What “remedies” are possible for the BREACH OF CONTRACT? (10)

(b) Aslam agrees to sell his car to Babar, worth Rs.3.50.000 for Rs501000 only Later on Aslam deny to sell the same. Can Baber sue against Aslam in court of law? If yes, give

reasons (07)

 

3. Define Mortgage and what are the kinds of Mortgage?(17)

 

4.(a) Under Sales of Goods Act 1930. Define delivery and what are the rules regarding Delivery of Goods? (12)

(b) What are the Liabilities of Principal towards agent? (05)

 

5(a) Point out the modes by which SURETY is released from liability (13)

(b) A owes B a debt guaranteed by C. The debt becomes payable B does not sue against A for a year after the debt has become payable is C discharged from his liability? (04)

6.(a) Explain the rights of UN-PAID SELLER against the goods(10

(b) Distinguish between ‘Ambiguous and Inchoate Instruments.

 

7. Write short notes on any TWO of the following: (18)

(i) Mistake

(ii) Mode of fixing price

(iii) Contract with minor.

 

Section “B” (Industrial Law)

 

8.(a) Describe the powers of INSPECTOR under the factories Act-1934. (08)

(b) Define “Arising out of and in the course of employment as used in the Workmen’s Compensation Act-1923. (07)

9. Under the new Industrial Relations Ordinance explain the following:

(i) Unfair labour practices of employer. (07)

(ii) Function of Works Council. (08)

 

10. Write short notes on any THREE of the following: (15)

(i) Collective Bargaining Agent.

(ii) Works hours

(iii) Workers Participation in Management

(iv) Arbitration.

(v) Lockout

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