Unique Paper Code 7002
Revised 0 of 23

Business LawsNovember–December 2019 (old course)

B.Com (Hons) · 5 questions · 3 parts still being checked

Duration: 2.5 HoursMaximum Marks: 75

From an older CBCS paper

Reworded by Kunji from the printed paper. The original paper belongs to the University of Delhi. See DU's question bank.

Before you start

  1. Pace. Two minutes a mark: about 30 minutes for each 15-mark question, with nothing spare in 2.5 hours. Pick your side of each OR before you start writing.
  2. Keep score. Every part opens a worked answer checked against the books. Turn the key when you have revised it; the boxes at the top fill in, on this device.

1.

15 marks
· ~30 min
(a)True or false: minor and necessaries; natural love and affection; mere silenceGiving brief reasons, State whether each statement below is True or False : (i) For necessaries supplied to him, a Minor has no personal liabilities. (ii) Made on account of love and affection, a contract is valid even…(9)
(b)A quasi contract is an obligation the law creates“A quasi contract is not at all a contract. It is an obligation the law creates”. Comment.(6)
OR
(a)True or false: state lotteriesLotteries the state government has authorized are wagering agreements.(3)
(a)Inadequate considerationAn agreement will be made void by inadequacy of consideration.(3)
(a)Illegal and void agreementsAll illegal agreements are void; however, all void agreements are not illegal.(3)
(b)Agreements opposed to public policyExplain the agreements that have been regarded as being opposed to public policy.(6)

2.

15 marks
· ~30 min
(a)Finder of goods as a bailee‘The status of a finder of goods is just like a bailee’. Comment on it.(3)
(a)Sub-agent and substituted agentDistinguish between a subagent and a substituted agent.(3)
(a)Appointment learnt of informallyRavi was an applicant for the post of Principal in a school. The school's selection committee selected him, but no formal communication was sent to him; he learnt of his selection through some member of the selection…(3)
(b)
Agreements in restraint of trade are voidBeing checked
(6)
OR
(a)
Nature and extent of a surety's liability; promised donation relied on by the secretaryBeing checked
(9)
(b)The doctrine of supervening impossibilityDiscuss in detail the doctrine of ‘Supervening/subsequent impossibility’.(6)

3.

15 marks
· ~30 min
(a)Delivery and its modes; stoppage after the buyer's agent took delivery; sale by a joint owner in possessionDefine the expression “Delivery of Goods”. Explain the various modes by which goods may be effectively delivered. (ii) A, an agent of a buyer, had taken the goods from the Railway authorities and put them on his truck.…(9)
(b)Sale and agreement to sellHow is ‘Sale’different from ‘An Agreement to sell’ ?(6)
OR
(a)Goods; breach of condition treated as warranty; timber not of the thickness orderedUnder the Sale of Goods Act, 1930, Define the term ‘Goods’. (ii) When is a breach of condition treated as a breach of warranty ? (iii) A agreed to supply B a certain quantity of timber of half-inch thickness. The…(9)
(b)Passing of property in specific goodsIn case of specific goods, Discuss the rules as to passing of property.(6)

4.

15 marks
· ~30 min
(a)LLP: definition and salient features; contents of the incorporation documentDefine LLP. What are the salient features of an LLP ? (ii) What are the contents of the incorporation document ?(9)
(b)Provisions relating to designated partnersUnder the LLP Act, 2008, Discuss the various provisions on the Designated Partner.(6)
OR
(a)
Petition for winding up and the just and equitable ground; partner as agent of the LLPBeing checked
(9)
(b)Conversion of a partnership firm into an LLPDiscuss the procedure for conversion from partnership firm into LLP.(6)

5.

15 marks
· ~30 min
(a)Digital and electronic signature; cyber contravention and cyber offenceCompare each pair below : (i) A Digital signature and an Electronic signature (ii) Cyber contravention and Cyber offences.(9)
(b)Grant and revocation of a Digital Signature CertificateExplain the provisions of the IT Act on the grant and revocation of a Digital Signature Certificate.(6)
OR
(a)The Duties of a Subscriber under the IT Act, 2000Explain each of these : (i) The Duties of a Subscriber under the IT Act, 2000(3)
(a)A Hash functionExplain each of these : (ii) A Hash function(3)
(a)A Key pairExplain each of these : (iii) A Key pair.(3)
(b)TDSAT as the Appellate Tribunal under the IT ActWhat is the Telecom Dispute Settlement Appellate Tribunal (TDSAT) ? Discuss the various provisions on TDSAT.(6)

— End of the paper —