Alagappa University 2007 B.Com COMMERCIAL LAW - Question Paper

DISTANCE EDUCATION
B.Com. DEGREE EXAMINATION, DECEMBER 2007.
COMMERCIAL legal regulations
upto 2004
Time : 3 hours Maximum : 100 marks
PART A — (5 x eight = 40 marks)
ans any 5 ques..
1. What is an offer? State the rules of a valid offer.
2. What do you mean by misrepresentation? How does it differ from fraud?
3. Explain the characteristics of a contingent contract.
4. Briefly discuss the duties of an agent towards his principal.
5. Explain the difference ranging from sale and agreement to sell.
6. What is a partnership deed? State its main contents.
7. Distinguish ranging from ‘Common carrier’ and ‘Private carrier’.
8. Describe the various elements of an arbitration agreement.
PART B — (4 x 15 = 60 marks)
ans any 4 ques. only.
9. Discuss the essential elements of a valid contract.
10. Define the contract of indemnity. elaborate the requirements of a valid contract of guarantee?
11. When can a seller of goods be deemed to be an unpaid seller? elaborate his rights?
12. What is a bill of lading? elaborate the characteristics of a bill of lading? Distinguish a bill of lading from a charter party.
13. Who is an arbitrator? elaborate his powers and duties?
14. Discuss the circumstances when a banker is justified in refusing payment of a cheque.
15. What is fire insurance? discuss the various types of fire policies.

Earning:   Approval pending.