University of Delhi 2007 B.Com Business law-School of open learning - Question Paper

B.COM/II
paper v

ans 5 ques. in all, selecting at lowest 2 from A and 2 from either part B or part C
All ques. carry equal marks

part -A(commercial law)

1 a)What do you understand by offer?Distinguish ranging from an 'offer' and 'an invitation to offer' (marks 10)
b)An agreement without consideration is void? (marks 10)

2. What protection is afforded to minors by the Indian contract?In what circumstances is a minor liable for goods supplied to him?

3.a)Distinguish ranging from pledge and bailment (marks 10)
b)Distinguish ranging from subagent and substituted agent.when can an agent appoint a subagent?(marks 10)

4.a)Explain the doctrine of 'caveat Emptor'.Are there any exceptions to these rule?Discuss.(marks 10)
b)Explain the rights of unpaid seller against the goods.(marks 10)

5a) Distinguish ranging from a partership and co-ownership.(marks 10)
b)Explain the different kinds of crossing and their effects(marks 10)

part - B(Banking legal regulations and practice)

6. a)Distinguish ranging from 'holder 'and 'holder in due course' .(marks 10)
b)What do you understand by 'Negotiation'Explain the different modes of negotiation?(marks 10)

7 a)Explain the nature of legal relationship ranging from banker and customer.(marks 10)
b)What precautions a banker should take before opening a new account?(marks 10)

8.a)Distinguish ranging from cash credit and Overdraft?(marks 10)
discuss the legal position of wrong enteries in the passbook?(marks 10)

9.a)What do you understand by Endorsement?How does blank endorsement differ from full endorsement? (marks10)
b)Explain payment in due course?(marks 10)

10. Write short notes on: (marks6 2/3*3)
a)Inchoate instrument
b)Noting and protesting
c)Negotiation back

part -C(Company law)

11.Explain the importance and contents of Memorandum of Association.How can the registered office clause be altered?(marks 20)

12 a)Discuss the legal regulations relating forfeiture of shares.(marks 10)
b)Explain the statutory provisions with regard to holding of extraordinary general meeting.(marks 10)

13 a)Explain the relevant provisions relating to the managerial remuneration as given under the companies act 1956?(marks 10)
b)What are the various classes of resolutions which may be passes by the companies ?Give instances of the business for which every class of resolution is required?(marks 10)

14.a)What is a private company?Briefly explain its special features.(marks 10)
b)What do you understand by illegal association?Explain its consequences?(marks 10)

15.Write notes on the following: (marks6 2/3*3)
a)Minimum subscription
b)Bonus shares
c)One man company

Earning:   Approval pending.