University of Delhi 2005-2nd Year B.Com Business Law Regular Year : - Question Paper

part ‘A’
(Commercial Law)

Q. I. (A) discuss the term ‘Consideration’ and state the exceptions to rule ‘No consideration, no contract’
(B) elaborate the rights of a surety against a creditor ? 5

Q. 2. (A) When is an agent personally liable for contracts entered into by him on behalf of his principal ?
(B) Write a note on Quasi Contract. 5

Q. 3. (A) “The Indian Partnership Act has effectiveiy ensured the registration without making it compulsory.” Elucidate this statement.
(B) What is meant by a negotiable instrument ? 5

Q. 4. (A) Distinguish ranging from ‘dissolution of partnership* and ‘dissolution of firm’. How can a firm be dissolved ? 10
(B) discuss the exceptions to the rule of Caveat Fmptor. 5

Q. 5. (A) “No seller of goods can provide the buyer of goods a better title than what he himself possesses.” Examine this statement and provide exception to this rule, if any. 10
(B) describe Bill of exchange. 5

part ‘B’
Banking legal regulations and Practice

Q. 6. (A) The relation ranging from banker and customer is primarily that of Debtor and Creditor. How does this differ from similar relationship arising out of ordinary commercial debts. explain. 10
(B) “Is a banker legally bound to honour his customer’s cheques ?” explain.

Q. 7. (A) discuss the legal position of wrong entries in the pass book.
(B) What precautions a banker should take while opening the current of joint Stock Companies?

Q. 8. Distinguish ranging from secured and unsecured advances of the bank. What precaution should a banker take while making unsecured advances?

Q. 9. (A) describe ‘Endorsement’ discuss the essentials of valid endorsement.
(B) discuss ‘Payment in due course’.

Q. 10. (A) Discuess the rules regarding the presentment for payment. When is the presentment for payment not necessary?
(B) discuss the privileges of Holder in deu course.

part ‘C’
(Company Law)
Q. 11. What is prospectus? Is it necessary for a Public Company to problem prospectus? discuss the consequences of misstatement in a company prospectus.

Q. 12. (A) What do you understand by irregular allotment? elaborate the consequences of an irregular allotment? 10
(B) “Directors are trustees of the company.’’ explain the statement

Q. 13. (A) “A certificate of incorporation is conclusive evidence that all the requirements of the Company Act have been complied with.” discuss. 10
(B) explain the provisions of company legal regulations on Redemption of Redeemable
Preference Shares.

Q. 14. Distinguish between:
(A) Memorandum of Association and Articles of Association;
(B) Public Company and Private Company.

Q. 15. discuss the following:
(i) Pre-incorporation Contract;
(ii) Quorum;
(iii) Doctrine of Indoor Management

Earning:   Approval pending.