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Important Questions for "business law":

[1]

  1. Who is an unpaid seller?
  2. Discuss the statement 'All cheques are Bills of Exchange, but not all Bills of Exchange are cheques.'
  3. Can a minor be a party to an Instrument? Discuss.

[2]

  1. Explain why acceptance to an offer must be absolute and unqualified.
  2. Comment on why registration of partnership firm is not compulsory but desirable.
  3. What is a Contract of Agency? Discuss the essentials of the relationship of Agency.

[3]

  1. The liability of surety is coextensive with that of principal debtor. Comment.
  2. Discuss sharing of profit in partnership as prima facie evidence and not a conclusive proof.
  3. What are the various ways in which a contract may be discharged?

[4]

  1. What are the essential characteristics of a partnership?
  2. What is a contract of Agency? What are the essentials of the relationship of Agency?
  3. What are the various circumstances in which a firm may be dissolved? Upon dissolution, how are the accounts settled?

[5]

  1. Discuss the main features of negotiable instruments.
  2. State the rules as to the passing of property from the seller to the buyer in a contract for the sale of goods.
  3. What is Promissory Note? Distinguish between Promissory Note and Bill of Exchange.

[6]

  1. Distinguish between express and implied contracts.
  2. Who is an unpaid seller? When can such a seller exercise his right of lien against the goods? Explain the rules for exercising the right of lien by an unpaid seller.
  3. Discuss the remedies of an unpaid seller under the Indian Sale of Goods Act.

[7]

  1. Write short notes on contingent contract and indemnity contract.
  2. What are the rights of an unpaid seller? Discuss in detail.
  3. What do you understand by negotiable instruments? Explain in brief.

[8]

  1. Define partnership and explain the importance of partnership registration.
  2. Discuss the role of the Sale of Goods Act, 1930 in sales and marketing.
  3. Define negotiable instruments and differentiate between bill of exchange and cheque.

[9]

  1. Explain the various ways in which a contract may be discharged.
  2. State the rights and duties of an agent towards his principal.
  3. What do you mean by 'Sale by Auction'? Discuss the rules regarding 'Auction Sale'.

[10]

  1. An agreement enforceable by law is a contract. Explain this statement illustrating the essential elements of a valid contract.
  2. Differentiate between holder and holder in due course.
  3. Write short notes on double insurance.

[11]

  1. Distinguish between a contract and an agreement.
  2. What is a condition? What are the implied conditions according to the Sale of Goods Act? Give suitable examples.
  3. What do you understand by capacity to contract? What is the effect of agreements made by persons not qualified to contract?

[12]

  1. Explain how a bailment may result without the owner actually delivering the goods to the bailee.
  2. Write short notes on Specific and Continuing Guarantee.
  3. Write short notes on A Condition and a Warranty.

[13]

  1. What is foreign exchange management?
  2. Explain what is meant by negotiation. How is it effected and how does it differ from an ordinary assignment? Can an overdue instrument be negotiated?
  3. What are the provisions of penalty for the contravention of provisions of FEMA?

[14]

  1. What are the essentials of a Valid Contract?
  2. Explain various types of crossing.
  3. Distinguish between a 'Condition' and a 'Warranty'. In what circumstances can breach of condition be treated as a breach of warranty?

[15]

  1. What do you mean by offer and acceptance?
  2. Distinguish between bailment and pledge.
  3. Define bailment. Discuss the rights and duties of bailor and bailee.

[16]

  1. Distinguish between a holder and holder in due course.
  2. Distinguish between bill of exchange and promissory note. Give a specimen of a promissory note.
  3. What is an agency? Define agent and principal. Distinguish between sub-agent and substituted agent.

[17]

  1. What do you mean by implied contracts?
  2. Define consent. When is consent said not to be free? Discuss its effect on the validity of a contract.
  3. What is the difference between bailment and pledge? Explain briefly the rights and duties of pawner and pawnee.

[18]

  1. Distinguish between condition and warranty.
  2. What is Negotiable Instrument said to be dishonoured? When is notice of dishonour unnecessary?
  3. What is Partnership Deed? How can the dissolution of partnership be enforced?

[19]

  1. What do you understand by 'Contingent Contract'?
  2. What is Partnership deed? Describe the contents of it.
  3. Describe the mutual relation of partners in a firm, where there is no contract of business.

[20]

  1. What is breach of contract?
  2. Explain the capacity of Parties.
  3. Define Consent. When is consent said to be free? What is undue influence?

[21]

  1. Who is Finder of goods?
  2. Who is a sleeping or dormant partner?
  3. Define pledge. Explain the rights and duties of pawnor and pawnee.

[22]

  1. Contract is an agreement enforceable at Law.
  2. What do you understand by performance of a contract?
  3. Define the term Negotiable Instrument. Explain the characteristics of a Negotiable Instrument.

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