Gauhati University Business Laws Question Paper 2021 1st Sem [CBCS Pattern]
4 (Sem- 1/ CBCS) BUSL
2021
(Held in 2022)
COMMERCE
BUSINESS LAWS
( Honours Core )
Paper : COM-HC-1026
Full Marks : 80
Time : Three hours
The figures in the margin indicate full marks for the questions.
WWW.webp "Gauhati University Business Laws Question Paper 2021")
1)
Choose the correct answer: 1*10=10
a)
An expression of interest to buy a showcase item from a shopkeeper is
a / an
i)
offer
ii)
request
iii)
choice
iv)
acceptance
b)
Who among the following appoints a sub-agent?
i)
Principal
ii)
Third person
iii)
Agent
iv)
Both (i) and (iii)
c)
In a contract of sale, if no price has been fixed by the parties, the
buyer is required to pay
i)
Lower market price
ii)
Average price of the year
iii)
Maximum market price
iv)
Reasonable price
d)
The provision regarding maximum number of members in a partnership
are given in
i)
the Partnership Act
ii)
the Contract Act
iii)
the Companies Act
iv)
the Societies Registration Act
e)
The Right to Information Act, 2005 came into force on
i)
12th March, 2005
ii)
12th July, 2005
iii)
12th October, 2005
iv)
12th November, 2005
f)
The Indian Contract Act came into effect from 1st September,
1872.
The statement is
i)
correct
ii)
incorrect
g)
An agent can work for more than one principal.
The statement is
i)
correct
ii)
incorrect
h)
Sale is not an executed contract.
The statement is
i)
correct
ii)
incorrect
i)
A contract of partnership should always be in writing.
The statement is
i)
correct
ii)
incorrect
j)
A promissory note needs acceptance.
The statement is
i)
correct
ii)
incorrect
2)
Answer the following questions in brief:
2*5=10
a)
What is contract?
b)
Write two elements of a contract of guarantee.
c)
Who is an unpaid seller?
d)
Write two differences between Partnership and Co-ownership.
e)
Who are the parties to a bill of exchange?
3)
Answer any four of the following question:
5*4=20
a)
Briefly state various kind of contract.
b)
Explain the duties of bailee.
c)
Explain difference type of goods under the Sale of Goods Act,
1930.
d)
State the salient features of Limited Liability Partnership.
e)
Distinguish between bill of exchange and promissory note.
f)
Briefly state the remedies available to an aggrieved party against
breach of contract.
4)
How would you determine whether an agreement is a contract or not?
Discuss. 10
Or
State the grounds on the basis of which a contract is discharged
under the provisions of the Indian Contract Act,
1872. 10
5)
Briefly discuss the rights of an agent. Distinguish between contract
of guarantee and contract of
indemnity. 5+5=10
Or
State the essential elements of a contract of sale. Also distinguish
between sale and agreement to
sell. 5+5=10
6)
Explain the procedures of registration of partnership firm.
Distinguish between limited liability partnership and company.
5+5=10
Or
State the duties and rights of a partner under the Indian Partnership
Act, 1932. 10
7)
Briefly state different types of endorsement. State the privileges of
holder in due
course. 5+5=10
Or
What are ‘Information’ and ‘Right to Information’ under the Right to
Information Act, 2005? Discuss the formalities of making a request for
obtaining information under the Act.
4+6=10