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Important Questions for "business law":

[1]

  1. Who are competent parties to a contract?
  2. Who is an unpaid seller?
  3. Discuss the provisions of the Partnership Act relating to the dissolution of a partnership firm.

[2]

  1. Give the difference between 'Meetings' and 'Winding up'.
  2. Give the difference between condition and warranty.
  3. Define negotiation, describe its nature and types, and differentiate it from the assignment of a negotiable instrument.

[3]

  1. An agreement in restraint of trade is void. Discuss with exceptions.
  2. The liability of surety is coextensive with that of principal debtor. Comment.
  3. Give the difference between sale and agreement to sale.

[4]

  1. What are the essential characteristics of a partnership?
  2. Explain the provision of law and illustrations for the statement: 'Two or more persons are said to consent when they agree on the same thing in the same sense.'
  3. What are the various circumstances in which a firm may be dissolved? Upon dissolution, how are the accounts settled?

[5]

  1. Discuss the statement: 'A contract without consideration is void'.
  2. Differentiate between 'Bill of Exchange' and 'Cheque'.
  3. Discuss the various modes of dissolution of a firm.

[6]

  1. What is an offer? Explain the types.
  2. Comment on the statement 'A contract without consideration is void'.
  3. Discuss the remedies of an unpaid seller under the Indian Sale of Goods Act.

[7]

  1. Briefly explain various types of contracts on the basis of formation.
  2. Explain the rights of bailee in detail.
  3. Explain different types of goods under the Sale of Goods Act.

[8]

  1. Describe the concept of legal liability in business.
  2. Discuss vicarious liability among partners.
  3. Define negotiable instruments and differentiate between bill of exchange and cheque.

[9]

  1. Distinguish between an offer and an invitation to offer.
  2. What do you mean by a negotiable instrument?
  3. Explain the various ways in which a contract may be discharged.

[10]

  1. What is bailment? How does it differ from pledge? Discuss the duties and rights of the bailor in respect of goods bailed.
  2. What are the ways in which the relations of agency arise? When can an agent sue or be sued personally on contract entered into by him on behalf of principal?
  3. Write short notes on implied authority and third parties.

[11]

  1. A contract without consideration is void. Comment on the statement and give its exceptions.
  2. Define agency. How is it created and terminated?
  3. Who is an unpaid seller? Discuss his rights under the Sale of Goods Act.

[12]

  1. How is price fixed in a contract of sale? If a price is not determined by the parties, what price, if any, is the buyer liable to pay?
  2. Discuss the rules relating to the rights, duties and obligations of partners inter se.
  3. Write short notes on Discharge of Surety.

[13]

  1. What is contract of guarantee?
  2. What do you mean by a contract of sale?
  3. What are the provisions of penalty for the contravention of provisions of FEMA?

[14]

  1. What are the liabilities of exporter regarding export of goods?
  2. What do you understand by acceptance for honour and payment for honour? What are the rights and liabilities of acceptor for honour?
  3. What is 'Partnership deed'? What are the essential elements of a partnership deed? Discuss the rules which are applicable in the absence of the partnership deed.

[15]

  1. What do you mean by offer and acceptance?
  2. Define the term 'agency'. State the rights and duties of an agent.
  3. What do you understand by 'negotiable instrument'? Distinguish between cheque and bill of exchange.

[16]

  1. Contract is an agreement enforceable by law.
  2. What is the difference between a contract of indemnity and a contract of guarantee? What are the rights of a surety as against the creditor, principal debtor and co-sureties?
  3. Define partnership and partnership deed. Explain the main elements of a partnership. Under what circumstances may a partnership firm be dissolved by the court?

[17]

  1. Explain the doctrine of Caveat Emptor in brief.
  2. What do you mean by Unpaid Seller? Discuss the rights of unpaid seller.
  3. What is the difference between bailment and pledge? Explain briefly the rights and duties of pawner and pawnee.

[18]

  1. Define minor as a partner.
  2. Explain the statement 'Agreement with minor is void adroit.'
  3. What is 'Contract of Sale'? Describe the characteristics of a contract of sale.

[19]

  1. What is Contract of Sale? Describe the characteristics of a contract of sale.
  2. Define Pledge. How does it differ from bailment? In what circumstances can a person other than the owner pledge the goods?
  3. Explain what is meant by Negotiation? How is it affected and how does it differ from an ordinary assignment? Can an overdue instrument be negotiated?

[20]

  1. A contract of Indemnity is not a contingent contract.
  2. An agreement in restraint of Trade is Void. Examine the statement mentioning exception, if any.
  3. Define a contract of sale. Explain the essentials of a valid contract of sale. What is the doctrine of Caveat emptor?

[21]

  1. Who is a sleeping or dormant partner?
  2. Explain the term particular and general lien. Also distinguish between the two.
  3. Comment on the statement 'All contracts are agreements but all agreements are not contracts.'

[22]

  1. What is acceptance? How can acceptance be made?
  2. Define Bailment and Discuss the essential elements of a contract of Bailment.
  3. No Seller of goods can give the buyer of goods a better title to those goods than what he himself possesses. Examine the statement and mention whether there are any exceptions to this rule.

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