. [Th~s question paper contains 12 printed pages.

Your Roll No .............. .

Sr. -No. of Question Paper : 1504 G

Unique Paper· Code 2412091102

Name of. the Paper Business Laws .

Name of the Course B.Com. UGCF Mode

Semester I

Duration : 3 Hours Maximum Marks : 90

Instructions for Candidates

I. Write your Roll No. on the top immediately on receipt
of this question paper.
1
2. All questions are compulsory and carry equal marks.
3·. ·Answers may be written either in English or Hindi;
but the san1e medium should be used throughout the
paper.

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1504. the following .1
. . h reasons whether
(a) State wit -I
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1. statements a_re t rue or false : . i

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(i) A strange~ to a co
~sideration cannot $Ue.
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(ii) A minor can rat t·ry

.. contracts.

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(iii) Anything done . ignoran
. ce of offer does

not amount. to acceptance. (12)

(b
. ). Define coercion and un d ue influence. What are
the differences betwee·n the two? (6)

OR ·

(a) De f 1ne
. acceptance. What are the legal rules
relating to the ·valid acceptance? . (12)

(b) A husband executed a regi~tered document 1n

favour of.his wife. After referring to· the quarrels

and disagreement between them, he promised to

· pay for her separate maintenance ·and i-esidence .

. .On Jiis failure to pay, th~ wife sues him in the
court of law. Will she succeed?
(6)
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2 . . •(a) State with reasons Wh ether the °following

.• ·statemen~s are tiue or false :

(i) A~l illegal agreements are void but' all vo.id_

~greements .are not n_e c~ssarily illegal.

(ii) Quasi contracts are based on the principle

. .

of unjust enrichment.

(iii) Fraud and misrepresentation are the same

thing.
(12)'

(b) -~'Agreements in restraint of trade are void".

Comment on this statement. Also state the

ex'ceptions to this rule.
(6)
• • • •,I ,f

·· : OR

(a) What' are the rights of the

surety against
the creditor, principal debtor and co-sureties? .

(12)
1504 s
(b) Ankit offered to sell a Farm .to Shobhit for

Rs. 10,00,000 but Shobhit gave the o(fer to buy it

for ~s. 9,50,000. Subsequently Shobhit offered to

purchase the farm for Rs. 10,00,000. State with

reason; is there any contract between Ankit and

.Shobhit? (6)

(ii) 3nt ~ ~..ql~'i~ ~ ~ Rf4j~ tR 3mllfra

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3. (a) Write · the short notes on the following :

(i) .Agency by Ratification

. . . .
. (ii) Doctrine of supervening impossibilit)'

(iii) Rights of.the bailor ·

(12)
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(b) ~efine sale and an_agreemeni to sell. -Wha~ are ·.

the differences between the two? (6)

OR · .

(a) Di~tinguish between the following:

(i) Bailment and Pledge

(ii) Sub agent and Substituted agent

(iii) Indemnity and Guarantee (12)

(b) What are the implied conditions in a contract 6f

sale? (6)

. .
(iii) \JltlleidC:I( c$' 3lfircm
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4. (a) "No seller of goods can convey to the buyer of

goods- a · better titl _e than what he himself

possess·es;'' Examine this statement and explain

the exceptions to this rule, as per Sale of Goods

Act, 1930.
(12)
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(b) Distinguish between limited li~bility partnership and

lim ited liab ility company. (6)

OR

(a) Def ine an unp aid s~ller. Wh at are the righ ts of an

unp aid sell er aga inst the goo ds? (12)

.
.

(b) _Wh at is the exte nt and lim itati on of liab ility of

. LLP and its part ners ? (6)

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5. (a) Describe the-procedure relating to the following :

(i) Conversion· of private limited company into

LLP.

(ii) _Change in the registered office of LLP.

(12)

(b) What do you mean by the Small LLP? ( 6)

OR

(a) Explain the following:

. (i) Provisions in respect of th.e

4esignated
partners.
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(ii) -Rules regarding the chang~ of the n~me of

LL:e. (12)

(b) W_h at do you mean by the Whistle Blowing? What

protections are available to the whistle blower

under the LLP Act? (6)

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