Babasaheb Bhimrao Ambedkar University 2007 M.Com Finance and Control Finance Laws FC - 205 - Question Paper

M.Com. Finance Laws FC - 205 May 2007
Time : 3 hours Maximum : 100 marks
part A — (5 ? eight = 40 marks)
ans any 5 ques..
All ques. carry equal marks.
1. Explain the essentials of a valid contract.
2. A contract is described “as an agreement enforceable by law”. explain.
3. What are the rights of a bailee?
4. State conditions of a valid ratification.
5. Discuss the essentials of a contract of sale.
6. Briefly discuss the features of a Bill of Exchange.
7. Discuss the different types of marine Insurance Policies.
8. Describe the various kinds of crossing of a cheque.
part B — (4 × 15 = 60 marks)
ans any 4 ques..
All ques. carry equal marks.
9. Write short notes on:
(a) Kinds of contracts
(b) Discharge of contracts.
10. Discuss the following:
(a) Offer and Acceptance.
(b) Contingent contract.
11. Explain the following:
(a) Payment in due course
(b) Protection of the paying banker.
12. Explain the following:
(a) Rights of an unpaid vendor.
(b) Differentiate Indemnity from Guarantee.
13. Discuss the following:
(a) Essentials of a cheque
(b) Various types of endorsements.
14. Explain the following:
(a) Essential elements of a life insurance contract
(b) Various types of Agents.
15. Write short notes on the following:
(a) Liabilities of a common carrier
(b) Rights and liabilities of Railway Administration.

Earning:   Approval pending.