Alagappa University 2007 M.Com Finance and Control BUSINESS LAW - Question Paper

DISTANCE EDUCATION
M.Com. (F and C) DEGREE EXAMINATION,
DECEMBER 2007.
BUSINESS legal regulations
(2005 onwards)
Time : 3 hours Maximum : 100 marks
part A — (5 * eight = 40 marks)

ans any 5 ques..
All ques. carry equal marks.
1.Explain the essentials of a valid contract.
2.A contract is described “as an agreement enforceable by law”. explain.
3.What are the rights of a bailee?
4.State conditions of a valid ratification.
5.Discuss the essentials of a contract of sale.
6.Briefly discuss the features of a Bill of Exchange.
7.Discuss the different types of marine Insurance Policies.
8.Describe the various kinds of crossing of a cheque.

part B — (4 × 15 = 60 marks)
ans any 4 ques..
All ques. carry equal marks.
9. Write short notes on:
(a) Kinds of contracts
(b) Discharge of contracts.
10. Discuss the following:
(a) Offer and Acceptance.
(b) Contingent contract.
11. Explain the following:
(a) Payment in due course
(b) Protection of the paying banker.
12. Explain the following:
(a) Rights of an unpaid vendor.
(b) Differentiate Indemnity from Guarantee.
13. Discuss the following:
(a) Essentials of a cheque
(b) Various types of endorsements.
14. Explain the following:
(a) Essential elements of a life insurance contract
(b) Various types of Agents.
15. Write short notes on the following:
(a) Liabilities of a common carrier
(b) Rights and liabilities of Railway Administration

Earning:   Approval pending.