File Details:

{"filename":"bba-1-sem-business-law-bba-105n-dec-2017.pdf","description":"This file contains the B.B.A. First Semester examination paper for Business Law (BBA-105(N)) from December 2017 (New Course). It includes questions on topics such as contracts, misrepresentation, contingent contracts, partnership, sale versus hire purchase, implied authority in partnerships, and contract remedies."}

Questions:

  1. Acceptance to an offer must be absolute and unqualified. Explain.
  2. Define Misrepresentation.
  3. Is consideration essential to a contract?
  4. Explain the meaning of a contingent contract.
  5. Give the difference between a condition and a warranty.
  6. Define Promissory Note.
  7. Who is an unpaid seller?
  8. What are the essential characteristics of a partnership?
  9. Can a minor be a partner in a partnership firm? Discuss.
  10. Give the difference between a Contract of Indemnity and a Guarantee.
  11. 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.'
  12. What are the exceptions to the rule that an agreement without consideration is void? Explain.
  13. What is a contract of Agency? What are the essentials of the relationship of Agency?
  14. What remedies are available to an aggrieved party on the breach of a contract?
  15. Give the definition and essential features of Bill of Exchange. Give the difference between Bill of Exchange and Cheque.
  16. What is implied authority of a partner in a partnership firm? Are third parties affected by restrictions imposed on such implied authority?
  17. Define sale. What are the essential features of a sale? Give the difference between a sale and a hire purchase agreement.
  18. What are the various circumstances in which a firm may be dissolved? Upon dissolution, how are the accounts settled?
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