Punjab Technical University 2010-2nd Sem B.B.A ,, Business Laws-1 , , - Question Paper

Time : 03 Hours
Maximum Marks : 60

Instruction to Candidates:
1) part - A is Compulsory.
2) Attempt any 4 ques. from part - B.

part – A [Marks : 10×2=20]

Q1) a) Implied Contract

b) Standing offer

c) Consideration

d) Involvement

e) Can a minor act as an agent?

f) Earnest Money

g) Implied Warranties

h) Partnership

i) Unpaid Seller

j) Guarantee

Section-B[Marks 4×10=40]

Q2)All contracts are agreement but all agreements are not contracts. discuss.

Q3) explain the position of a minor under the contract Act.

Q4) What do you mean by agency. explain different ways in which agency may be created and terminated.

Q5) explain the rules regarding the transfer of goods under Sales of Goods Act.

Q6) elaborate rights and duties of a partner. How is partnership dissolved?

Q7) Who is an unpaid seller? explain the rights of an unpaid seller.

Earning:   Approval pending.