University of Delhi 2006-2nd Year B.Com Business Law Regular Year : - Question Paper

part ‘A’
(Commercial Law)
Q. 1. (a) “A proposal cannot be accepted before it is communicated.” discuss this statement with the help of an example. five
(b) “Conditional acceptance is not valid in the eyes of legal regulations.” discuss this statement and state the rules of a vaild acceptance.

Q. 2. (a) “An agreement with a minor is void ab-initio.” Examine this statement along with the exceptions, if any. 10
(b) A sold his car worth Rs. 80,000 to B for Rs. 10,000 due to pressing needs. Can A get back his car after paying Rs. 10,000 to B on the ground of inadequacy of consideration ? Decide with reasons. . ans :
Q. three (a) Under what circumstances a seller can transfer a better title of goods to the buyer ?
(b) explain the ‘right of lien’ of an unpaid seller of goods.

Q. 4. (a) “The Indian Partnership Act has effectively ensured the registration of firms without making it compulsory.” discuss.
(b) discuss the circumstances under which the court can order dissolution of a firm.

Q. 5. discuss the subsequent ;
(a) ‘Not negotiable’ crossing 5
(b) Payment in due course 5
© Agency by ratification 5

part ‘B’
(Banking legal regulations & Practice)

Q. 6. describe the terms ‘Banker’ and ‘Customer’. discuss the relationship ranging from banker and customer.:

Q. 7. (a) What precautions should a bank take before opening the account of a minor and a partnership firm ? 5,5

(b) What is meant by ‘Fixed Deposit Receipt’ ? Can it be encashed before its maturity ? discuss.

Q. 8. describe a Negotiable Instrument. discuss its characteristics. List its presumption

Q. 9. Distinguish ranging from the subsequent :
(a) Pledge and Hypothecation 5
(b) Negotiation and Assignment 5
(c ) Promissory note and a bill of exchange 5

Q. 10. discuss the subsequent :
(a) Material alteration in a negotiable instrument 5
(b) Holder in due course 5
© Dishonour of cheque doe to inadequate funds five

part ‘C
(Company Law)
Q. 11. elaborate the restrictions on a private company and elaborate the privileges available to a private company ? 5,10

Q. 12. (a) “A certificate of incorporation is a conclusive evidence that all the requirements of the Companies Act regarding registration of a company have been complied with.” discuss.
(b) Write a note on pre-incorporation contracts. 5

Q. 13. (a) Distinguish ranging from forfeiture and surrender of shares. Under what circumstances every of them is valid ? 10
(b) describe ‘Call’ and explain the essential requisites of a valid cell.

Q. 14. (a) discuss the circumstances under which the court will order winding up of a company. 10
(b) Distinguish ranging from a managing director and a whole time director.

Q. 15. Write notes on the following:
(a) Annual general meeting 5
(b) Doctrine of ultra vires 5
© Special resolution 5

Earning:   Approval pending.