University of Delhi 2010-1st Year B.Com (Hon.) Marketing Management (HONS) BUSINESS LAW UNIVERSITY - Question Paper
BUSINESS legal regulations PAPER
This question paper contains 8+4 printed pages]
Your Roll No............
smmt #3shw<i>
6005
B.Com. (Hons.)/I J
Paper VBUSINESS LAW (Admission of 2004 and onwards)
Time 3 Hours Maximum Marks . 75
W7Q : 3 'jpifa : 75
(Write your Roll No on the top immediately on receipt of this question paper)
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Note . Answers may be written either in English or in Hindi, but the same medium should be used throughout the paper.
"RiWT *11 -qiRi I Note The maximum marks printed on the question paper are applicable for the candidates registered with the School of Open Learning for the BA. (Hons.)/B.Com. (Hons). These marks will, however, be scaled down proportionately in respect of the students of regular colleges, at the time of posting of awards for compilation of result.
Attempt All questions All questions carry equal marks
P.T.O. -
1
() State, with reasons, whether the following statements are true or false
(i) An invitation to offer is not an offer
(u) A stranger to consideration cannot maintain a suit
(ui) All contracts are agreements but all agreements are not contracts 9
() What is undue influence 9 State three situations where the presumption of undue influence exists 6
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(a) Comment on the following statements
(i) Mental acceptance is no acceptance in the eyes of law
(i) All void agreements are not illegal but all illegal agreements are void
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(ui) Consideration must be something of value but need not be adequate 9
(b) P, a minor borrowed Rs 50,000 from Q, a moneylender, by misrepresenting his age to be above 18 years On discovering the truth Q waited for P to become a major and got a promissory note
j signed from P for Rs 60,000 Is P liable to pay 7 6
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(o) What do you understand by supervening impossibility 7 Does it excuse the promisor from performing the contract in case of commercial impossibility ? Explain 9
(6) Discuss the position of a finder of lost goods G
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(a) Discuss the rights of a surety against various
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(b) A delegate cannot further delegate Comment Discuss the exceptions to this general rule 6
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() Distinguish between 9
(i) Sale and agreement to sell,
(u) Wagering agreement and contingent contract, and
(hi) Fraud and misrepresentation
() A seller cannot transfer to the buyer of goods a title better than what he himself has Comment,
| giving exceptions to the rule 6
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(a) Comment on the following
(i) In the sale of goods, transfer of property is not the same thing as the transfer of possession
(ii) Doctrine of Caveat emptor does not apply in all contracts for the sale of goods
(ui) A sells goods to *B B makes payment through cheque While As delivery van is on way to deliver the goods at Bs premises, A finds that the cheque has been dishonoured What action can A take under the Sale of Goods Act 9 3x3=9
(6) Distinguish between a condition and a warranty When can a breach of condition be treated as a breach of warranty 9 6
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4 (a) Comment on the following * 9
(i) An agreement in restraint of trade is void
(ii) Crossing a cheque protects it from all possible misuse
(tu) Write a note on Payment in Due Course
(b) Define a holder in due course What are his privileges under the Negotiable Instrument Act ? 6
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(a) Define a cheque How does it differ from a bill
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of exchange 9 6
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(ib) Comment on the following statements
{i) A negotiable instrument may be negotiated even after maturity till it is paid
j(iz) Write a note on Negotiation Back
1 (m) X writes a cheque for Rs 5 lacs in favour of Y* The bank immediately informs him
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about dishonour of the cheque due to insufficiency of funds in Xs account After 3 months he files a suit against X Explain the remedies available to Y1 on account of bouncing of the cheque 9
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5 (a) Briefly discuss the following
(i) Digital signature certificate
(u) Private key and public key
(i) Duties -of a subscriber 9
(6) What is meant by E-governance with reference to IT Act, 2000 9 ' 6
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(a) Comment on the following statements
(0 Hacking is an offence punishable under IT ' Act, 2000
(it) Electronic records are as authentic as the hard copies
(ui) The Cyber Appellate Tribunal has the same powers as a civil court but an aggrieved party may appeal to the High Court 9
(b) How is the Controller of Certifying Authorities
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appointed ? What are his functions 9 6
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| Earning: Approval pending. |
