B.Com-B.Com 2nd Sem Commercial Laws(Guru Nanak Dev University, Amritsar, Punjab-2012)

                                                         B.COM SECOND SEMESTER

                                      ( COMMERCIAL LAWS )

TIME ALLOWED: 3 HOURS                     MAXIMUM MARKS: 50

                                           SECTION - A

1. (a) What is general offer?

(b) Define contract.

(c) Implied contract

(d) Should consideration be adequate?

(e) Contract of Indemnity.

(f) Sale.

(g) Features of LLP.

(h) Consideration.

(i) ^'Ignorance of law is no excuse. ^' Explain

(j) Who is surety?

(k) Define Consumer.

(l) Who is unpaid seller?

                                           SECTION - B

2. ^''All contracts are agreements but all agreements are not contracts.^'' Discuss.

3. Define offer. What are the essentials of a valid offer?

4. ^''Two or more persons are said to be consent when they agree upon the same thing in the same sense.^'' Explain.

5. State the various ways in which a contract may be said to be discharged.

                                           SECTION - C

6. Explain briefly implied conditions and warranties in a contract of sale.

7. What is a contract of sale? State its essential characteristics.

8. What is the difference between LLP and Company?

9. Explain the objects of Consumer Protection Act, 1986.

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