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Important Questions for "business law":

[1]

  1. Discuss kinds of Negotiable Instruments.
  2. Briefly discuss the rights of an unpaid seller with the help of statutory provisions and relevant case law.
  3. Can a minor be a party to an Instrument? Discuss.

[2]

  1. Explain the meaning of contingent contract.
  2. Differentiate between 'Bill of Exchange' and 'Cheque'.
  3. Give the difference between condition and warranty.

[3]

  1. What are the essential conditions to convert a Proposal into Promise?
  2. Discuss sharing of profit in partnership as prima facie evidence and not a conclusive proof.
  3. Explain why insufficiency of consideration is immaterial but an agreement without consideration is void.

[4]

  1. Acceptance to an offer must be absolute and unqualified. Explain.
  2. Is consideration essential to a contract?
  3. Give the difference between a condition and a warranty.

[5]

  1. Explain the term 'Free Consent'.
  2. Discuss the main features of negotiable instruments.
  3. Differentiate between 'Bill of Exchange' and 'Cheque'.

[6]

  1. Distinguish between express and implied contracts.
  2. What is an offer? Explain the types.
  3. Discuss the remedies of an unpaid seller under the Indian Sale of Goods Act.

[7]

  1. Briefly state the various types of partner and partnership.
  2. Write short notes on contingent contract and indemnity contract.
  3. Explain the rights of bailee in detail.

[8]

  1. Explain the aims and objectives of the Partnership Act, 1930 with reference to business management among partners.
  2. Discuss the role of the Sale of Goods Act, 1930 in sales and marketing.
  3. What do you understand by bouncing of a cheque? How does it affect business administration?

[9]

  1. Distinguish between an offer and an invitation to offer.
  2. Explain the doctrine of caveat emptor. What are its exceptions?
  3. Define indorsement. Explain with illustrations the different kinds of indorsement of negotiable instruments.

[10]

  1. Differentiate between condition and warranty.
  2. Differentiate between bills of exchange and promissory note.
  3. Write short notes on double insurance.

[11]

  1. What do you mean by a bill of exchange?
  2. What is a condition? What are the implied conditions according to the Sale of Goods Act? Give suitable examples.
  3. Who is an unpaid seller? Discuss his rights under the Sale of Goods Act.

[12]

  1. Explain how a bailment may result without the owner actually delivering the goods to the bailee.
  2. What are the various ways in which a contract may be discharged?
  3. Write short notes on Unilateral and Bilateral Contracts.

[13]

  1. What do you mean by a contract of sale?
  2. What is the meaning of special crossing?
  3. What is foreign exchange management?

[14]

  1. What are the essentials of a Valid Contract?
  2. What are the liabilities of exporter regarding export of goods?
  3. What is Consumer Protection Act 1986? Explain the rights of consumer.

[15]

  1. Distinguish between bailment and pledge.
  2. Define a contract of guarantee. What are the essentials of a valid contract of guarantee?
  3. Define the term 'agency'. State the rights and duties of an agent.

[16]

  1. Who is an unpaid seller? Explain.
  2. No buyer acquires a better title to the goods than that of the seller. Explain this rule and also describe the exceptions to this rule.
  3. Distinguish between bill of exchange and promissory note. Give a specimen of a promissory note.

[17]

  1. What do you mean by implied contracts?
  2. What do you mean by Unpaid Seller? Discuss the rights of unpaid seller.
  3. What do you mean by partnership? Enumerate the rights, duties, and responsibilities of a partner under Indian Partnership Act.

[18]

  1. What do you mean by undisclosed principal?
  2. What is an Agency? Define agent and principal. Distinguish between sub-agent and substituted agent.
  3. What is Negotiable Instrument said to be dishonoured? When is notice of dishonour unnecessary?

[19]

  1. What do you understand by 'Contingent Contract'?
  2. When is a negotiable instrument considered as dishonoured? Explain.
  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. What do you understand by performance of a contract?
  2. A contract of Indemnity is not a contingent contract.
  3. Define Consent. When is consent said to be free? What is undue influence?

[21]

  1. What is an offer? What are its different types?
  2. Explain the term particular and general lien. Also distinguish between the two.
  3. Explain the rule of Caveat Emptor. Also explain its exceptions.

[22]

  1. Define the term Negotiable Instrument. Explain the characteristics of a Negotiable Instrument.
  2. Explain Limited Liability partnership. Define Eligibility to be Partner and Relationship of Partners.
  3. Define Bailment and Discuss the essential elements of a contract of Bailment.

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