Tamil Nadu Open University (TNOU) 2005 B.Com Business Laws - Question Paper

TAMILNADU OPEN UNIVERSITY
B.Com DEGREE exam. (BCO-2 JAN-05)
BUSINESS LAWS
January, 2005
Time: three hours Maximum marks:75

PART A ? (3X5=15)
ans any 3 ques.
every ans need not exceed one page
All ques. carry equal marks.


1. discuss briefly the essential elements of a valid acceptance.
2. Distinguish ranging from misrepresentation and fraud.
3. describe Pledge. Can a person other than the actual owner make a valid pledge of goods.
4. Under what circumstances a sub-agent can be appointed.
5. State the rules regarding the alteration of the contents of Memorandum of Association.


PART B ? (4 x15=60 marks)
ans any 4 ques.
every ans not to exceed four pages.


6. ?All contracts are agreement but all agreements are not contracts? ? discuss.
7. discuss fully the legal regulations relating to minor?s contracts.
8. Under what circumstances a surety is discharged from the liability?
9. elaborate the rights and liabilities of the partners at the time of dissolution of a partnership firm?
10.What are the rights of an unpaid seller?
11.How is a public limited company formed under the companies Act, 1956?
12.Define prospectus and discuss the contents in the prospectus.

Earning:   Approval pending.