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

Business legal regulations Year 2006 : IInd Year


part ‘A’

Q. 1. ‘(a) “A promise without consideration is void.” Critically examine the statement. 10
(b) State the implied conditions in a contract of sale of goods.


Q. 2. (a) discuss to circustances under which the court can order the dissolution of a partnership firm. 10
(b) State the circumstances under which an agent may be held personally liable.


Q. 3. (a) “No seller can provide the buyer a better title of goods than he himself has.” discuss giving exception to the rule. 10

(b) What do you understand by implied authority of a partner ? Mention the acts which are not covered under the implied authority.

Q. 4. (a) What is a negotiable instrument ? elaborate the special features of a negotiable instrument ? 10
(b) What is the meaning of negotiation ? How is a cheque negotiated under Negotiable Instruments Act ?


Q. 5. discuss the meaning of (any two) : 20
(a) Bailment and Pledge;
(b) Quasi Contracts;
(c) Contracts of Indemnity and Guarantee.


part ‘B’
(Banking legal regulations and Practice)

Q. 6, describe the term ‘banker’ and ‘customer’. discuss general relationship ranging from banker and customer.


Q. 7. (a) What is the object of crossing of a cheque ? discuss different kinds of crossing. 10
(b) discuss cases under which a bank may refuse to honour its customers cheque.


Q. 8. (a) What do you understand by endorsement of a cheque ? explain different kinds of endorsement. 10
(b) Distinguish ranging from ‘Holder’ and ‘Holder in due course’.


Q. 9. (a) discuss the general principles of lending by a bank. 10
(b) What precautions should a banker take while lending against stock exchange securities ?


Q. 10. discuss the subsequent (any two): 20
(a) Minor as a customer of bank
(b) Liability for bouncing of a cheque;
(c) Payment in due course.


part ‘C’
(Company Law)

Q. 11. (a) describe ‘Private Company’. Mention any 7 privileges of a private company. 10
(b) Distinguish ranging from Memorandum and Articles of Association.


Q. 12. (a) elaborate the consequences of mis-statements in a prospects ‘: 10
(b) discuss an irregular allotment. elaborate its effects ?


Q. 13. (a) discuss the legal provisions regarding the Annual General Meeting (AGM) of a company.
(b) What is compulsory winding up of a company ? State different grounds of compulsory winding up.


Q. 14. (a) explain the powers of directors of the company.
15
(b) Write a short note on “Pre-incorporation Contract".


Q. 15. discuss the subsequent (any two): 20
(a) Depository system;
(b) Bonus share;
(c)Special resolution with at lowest 3 examples.

Earning:   Approval pending.