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

part ‘A’

Q. 1. (a) “An agreement enforceable at legal regulations is a contract.” discuss.
(b) Distinguish ranging from void agreement and voidable contracts.

Q. 2. (a) describe consideration. elaborate its legal rules ? 10
(b) Distinguish ranging from a contract of indemnity and a contract of guarantee.

Q. 3. (a) discuss the rules regarding transfer of ownership from seller to the buyer. (b) Distinguish ranging from a condition and a warranty. 10

Q. 4. (a) discuss the actual test of partnership.
(b) On what grounds can a court order dissolution of a partnership firm ?

Q. 5. (a) discuss the characteristics of a negotiable instruments.
(b) Distinguish ranging from a bill of exchange and a promissory note.

part ‘B’
(Banking legal regulations and Practice)
Q. 6. (a) describe a customer. elaborate the obligations of a banker towards his customer ?
(b) When must a banker refuse payment of a cheque.

Q. 7. (a) What precautions should a banker take while opening and operating the account of a minor ?
(b) elaborate the general principles of lending by a bank ?

Q. 8. (a) Why is crossing on a cheque ? What is the effect of not negotiable crossing ?
(b) discuss briefly the different types of endorsements. 10

Q. 9. (a) describe a negotiable instrument. elaborate its presumptions?
(b) Distinguish ranging from a cheque and a bill of exchange. 10

Q. 10. Write short notes on any 2 of the subsequent :
(a) Cash credit and overdraft;
(b) Clayton’s Rule;
© Holder and due course.

part ‘C’
(Company Law)
Q. 11. (a) “A company is a separate entity distinct from its members.” elaborate its exceptions ?
(b) What is allotment ? What restrictions have been imposed on allotment of shares?

Q. 12. (a) Distinguish ranging from Memorandum and Articles of Association.
(b) “A company can alter its articles without any limitations.” If not, elaborate the restrictions ? 10

Q. 13. (a) What is annual general meeting ? What business is transacted at such a meeting?
(b) Distinguish ranging from ordinary resolution and special resolution giving examples.

Q. 14. (a) What is doctrine of indoor managemen ? elaborate its exceptions?
(b) On what grounds can eompulsory winding up be ordered?

Q. 15. Write notes on any 2 of the following:
(a) Statement in lieu of prospectus;
(b) Depository system;
© Powers of directors.

Earning:   Approval pending.