Unique Paper Code 8409
Revised 0 of 27

Business LawsNovember–December 2019

B.Com (Hons) · 5 questions · 2 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: void and voidable contracts; stranger to consideration; indirect lossGiving brief reasons, State whether he following statements are each true or false : (i) Void contracts and voidable contracts are one thing, the same. (ii) A stranger to a consideration cannot sue. (iii) Only if it is…(9)
(b)Mistake can make an agreement void, a contract valid, or a contract voidableMistake results in a contract being void, valid, and voidable as well. Elucidate.(6)
OR
(a)True or false: ratification by a minor; fraud and misrepresentation; freedom of bargainGiving reasons, State whether each of the following statements is true or false : (i) Contracts can be ratified by a minor. (ii) Fraud and misrepresentation are one and the same thing. (iii) The parties are free to make…(9)
(b)Husband's promise to pay his wife for medical treatment: natural love and affectionNitin promised to pay his wife Kavita Rs. 12000 per month for her medical treatment. Is this contract valid? Does writing and registration affect the contract's validity in any way. Explain.(6)

2.

15 marks
· ~30 min
(a)
Insurance contracts are not wagering contractsBeing checked
(5)
(b)Quasi contracts and two of them discussedDefine certain relations that resemble those created by contracts, and discuss in detail any two of them.(5)
(c)Bailee not paid: the right of lien, particular and generalIn case under the contract the Bailee does not receive payment. Which right does he have? Discuss this right in detail, Discussing its kinds as well as bringing out any differences.(5)
OR
(a)Impossibility of performance as an excuseFor performance of a contract, impossibility of performance is not an excuse. Explain.(5)
(b)Surety is a favoured debtorSurety is a favoured Debtor. Discuss.(5)
(c)A delegate cannot further delegate: sub-agentsA delegate cannot further delegate. Elaborate this statement.(5)

3.

15 marks
· ~30 min
(a)Goods under the Sale of Goods ActDefine the term Goods under Sale of Goods Act.(5)
(b)Stoppage in transit as an extension of the unpaid seller's lienThe right of stoppage of goods in transit is an extension of the unpaid sellers right of lien. Discuss.(5)
(c)
Part delivery of rice: when property passesBeing checked
(5)
OR
(a)Time of passing of ownershipWhy does it matter to determine the time in which ownership will pass?(3)
(a)Right of resaleIs the right of resale available to the unpaid seller. Comment.(3)
(a)Goods damaged in transitFor transmission to Pappu the buyer, goods are delivered by Naresh, a seller. On 25th October the goods are loaded on a carrier, the seller not reserving any right of disposal. Who will bear the loss if the goods get…(3)
(b)Sale and agreement to sellDefine sale and differentiate between sale and agreement to sell.(6)

4.

15 marks
· ~30 min
(a)Designated partners: meaning, appointment and eligibilityExplain the term designated partner. Discuss the provisions on the appointment and eligibility condition of a designated partner.(5)
(b)Converting a firm into an LLP: procedure and effectExplain the procedure for converting a firm into an LLP, and the effect.(5)
(c)How the taxation of LLPs has evolvedProvisions of taxations for LLP have evolved over time. Discuss.(5)
OR
(a)LLP as a hybrid of a company and a partnership firmBetween a company and a partnership firm, LLP is a hybrid. Discuss.(5)
(b)Appointment of auditors of an LLPHow are auditors appointed in an LLP?(5)
(c)Incorporation of an LLPHow can an LLP be incorporated under LLP Act 2008?(5)

5.

15 marks
· ~30 min
(a)Documents and transactions to which the IT Act does not applyTo which contracts is the Information and Technology Act not applicable. Enumerate.(5)
(b)Private key and public keyDifferentiate between private and public key.(5)
(c)Subscriber and his duties under the IT ActDefine the term subscriber, and what his duties are under the IT Act.(5)
OR
(a)Powers of Certifying AuthoritiesExplain the powers of certifying authorities.(5)
(b)Digital signature and electronic signature comparedExplain Digital signature, and how they are different from Electronic signatures.(5)
(c)Cyber terrorism under the IT ActWhat do you mean by Cyber Terrorism?(5)

— End of the paper —