B.B.M-B.B.M COMMERCIAL LAW/BUSINESS LAW (Alagappa University - Directorate of Distance Education-2012)

DISTANCE EDUCATION
B.B.M. DEGREE EXAMINATION, MAY 2012.
COMMERCIAL LAW/BUSINESS LAW
(1999 onwards)
Time : Three hours Maximum : 100 marks
PART A — (5 × 8 = 40 marks)
Answer any FIVE questions.
Each answer need not exceed 1 page.
1. What are the rights and duties of the bailee?
2. Describe the essentials of a valid contract.
3. Define agent. What are the duties of an agent?
4. ‘‘Sale is an executed contract but an agreement to sell is an executory contract’’. Discuss.
5. State the difference between condition and warranty.
6. What is partnership deed? What are its contents?
7. Describe briefly the procedure for effecting the conversion of a private company into a public company.
8. Briefly explain the reasons for variations in stamp duty from state to state.
PART B — (4 × 15 = 60 marks)
Answer any FOUR questions.
Each answer need not exceed 3 pages.
9. ‘‘The law of contract is not the whole law of agreements, nor is it the whole law of obligations’’. Discuss.
10. What do you understand by ‘capacity to contract’? What is the effect of agreements made by persons not qualified to contract?
11. Explain the duties of buyer and seller and unpaid vendor.
12. ‘‘A partner is the agent of the firm for the purposes of the business of the firm’’ – Explain.
13. ‘‘A joint stock company is an artificial person created by law with a perpetual succession and a common seal’’. Do you agree with this definition of a company?
14. Describe the procedure for registration of documents as per Indian Registration Act.
15. Explain the duties and rights of partners.

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