Unique Paper Code BLH20
Revised 0 of 6

Business LawsNovember–December 2020, open book

B.Com (Hons) · 6 questions · 1 part still being checked

Duration: 3.8 HoursMaximum Marks: 112.5

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 38 minutes for each 18.75-mark question, with nothing spare in 3.8 hours. Move on when the time is up.
  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.

18.75 marks
· ~38 min
Acceptance converts an offer into a promise; when communication of offer and acceptance is completeQ.1. “What a lighted match is to a train of gunpowder, acceptance is to an offer”. Elucidate this statement. On 20th October2020 Mahesh posts a letter of offer, which reaches Suresh on 25th October2020. On 27th October…(18.75)

2.

18.75 marks
· ~38 min
Unilateral mistake: valid, voidable or void; the painting believed to be an old masterQ.2. “A contract caused by a unilateral mistake may be valid, voidable, or void.” Explain. Giving reasons for your answer, solve this case: A buys a painting from Y, both believing it to be the work of an old master,…(18.75)

3.

18.75 marks
· ~38 min
Surety and his rights; lost bill of lading and the indemnity for a duplicateQ.3. Define the term “Surety”, and Give an example to explain it. Explain the rights that the Surety has. A has lost his bill of lading, worth 2 lakh, and applies to the carrier for a duplicate one. Will the carrier…(18.75)

4.

18.75 marks
· ~38 min
Implied conditions in a sale of goods; packing cloth unfit for fruitQ.4. “Certain implied conditions exist in a contract for the sale of goods; if these are not fulfilled, the buyer has the right to reject the contract, or the damages are payable by the seller.” Comment. For packing…(18.75)

5.

18.75 marks
· ~38 min
(a)Why the LLP is a better optionQ.5. “Limited Liability Partnership (LLP) is a much better option than a partnership, a private company or an unlisted public company”. Elaborate.(9.375)
(b)Conversion of a private company into an LLPExplain the conversion procedure for a private company to LLP, and the consequences of such a conversion under the Second Schedule.(9.375)

6.

18.75 marks
· ~38 min
E-governance: comment, and the provisions of the IT ActBeing checked
(18.75)

— End of the paper —