Unique Paper Code 1855
Revised 0 of 21

Business LawsMay–June 2017

B.Com (Programme) · 5 questions · 1 part still being checked

Duration: 2.6 HoursMaximum Marks: 79

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 2.6 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)Relations resembling those created by a contract (quasi contracts), with examples“There are certain relations resembling those created by a contract”, under the Indian contract act. Explain with examples.(10)
(b)Necessaries supplied to the dependants of a person of unsound mindMukesh, a shopkeeper, supplies the younger brother and the ailing mother of Jatinder, who is lunatic, with clothes and medicines. For the amount in respect of these commodities, can the shopkeeper sue Jatinder? Explain.(5)
OR
(a)No consideration, no contract, and its exceptionsExplain the ‘no consideration, no contract’ principle. To it, are there any exceptions? Elaborate.(10)
(b)Agreements expressly declared voidWrite a note on agreements expressly declared void.(5)

2.

15 marks
· ~30 min
(a)
Caveat emptor and its exceptionsBeing checked
(10)
(b)New fridge sold for cash and an old fridge: a contract of sale?Mohan agrees to sell Gopal a new fridge for Rs. 30,000/-, payable partly in cash and partly by exchange of an old fridge. Is it a valid contract?(5)
OR
(a)No seller can pass a better title than his own“To the buyer, a seller cannot convey a better title than he himself has”. Do you agree? Explain with examples.(10)
(b)Rice requisitioned by the Government before deliveryRohit agreed to sell Sunil one thousand bags of rice. Before he could deliver them; in public interest the Government requisitioned the whole quantity of rice. For non performance of the contract, can Sunil file a suit…(5)

3.

15 marks
· ~30 min
(a)Designated partners: meaning, appointment and eligibilityWhat is meant by ‘Designated partners’? Discuss the LLP Act. 2008's provisions on appointment, and the eligibility conditions for the appointment of Designated Partners.(10)
(b)Contents of the incorporation document of an LLPState the contents of incorporation document of LLP.(5)
OR
(a)Provisions on the taxation of an LLPState provisions regarding taxation of LLP.(5)
(b)Conversion of a private company into an LLPDiscuss the process of conversion in to LLP from a private company.(10)

4.

15 marks
· ~30 min
(a)Digital signature: meaning, creation and verificationWhat is meant by digital signature. State the procedure for the creation and the verification of a digital signature.(7)
(b)Private and public key; Cyber Appellate TribunalExplain these terms. (i) Private key and public key (ii) Cyber appellate tribunal(8)
OR
(a)Short notes: electronic governance; cyber terrorismWrite short notes on these: (i) Electronic governance (ii) Cyber terrorism(8)
(b)Cyber contraventions, cyber offences and computer related offencesHow do cyber contraventions differ from cyber offences? Explain what computer related offences mean.(7)

5.

19 marks
· ~38 min
(a)Coercion and undue influenceOf the following, write the difference between any two (i) Coercion and undue influence(4)
(a)Contract of guarantee and contract of indemnityOf the following, write the difference between any two (ii) A Contract of guarantee and a contract of indemnity(4)
(a)Sale and agreement to sell distinguishedOf the following, write the difference between any two (iii) A Sale and an Agreement to sell(4)
(b)How an LLP differs from a traditional partnership firmHow is LLP different from traditional partnership firm?(7)
OR
(a)Agency by ratification and the conditions of a valid ratificationWhat is agency by ratification? For a valid ratification, certain conditions need to be fulfilled. Discuss them.(8)
(b)When a partner ceases to be a partner of an LLP, and the effectWhen, under the LLP act, does a partner cease to be a partner? What effect does this cessation of partnership interest have?(7)

— End of the paper —