BBA (Third Semester) Business Laws question paper

BBA (Third Semester) Examination, 2012-2013

Paper Third

HNB

Business Laws

Max. marks : 70

Q1:- (a) What is meant by acceptance of a bill of exchange? When must a bill be accepted? If acceptance is refused, what steps should the holder take?

(b) What is the legal effect of a minor liable on a contract for necessaries?



Q2: Write short notes on any two of the following:
(a) Persons of unsound mind
(b) Difference between Coercion and Undue influence.
(c) Difference between Misrepresentation and Fraud.
(d) Caveat emptor
(e) Mistake of law and mistake of fact

Q3:- What remedies are available to an aggrieved party on the breach of a contract? When does a claim on quantum meruit arise?

Or

What are void agreements and void contracts? Is the party who has received some benefit under a void contract bound to restore it to the other party?

Q4:- Define partnership. What are its essential characteristics? State the difference between a 'partnership' and a "firm".

Or

What is a cheque? How does it differ from a bill of exchange?
Q5:- What are the objects of the Consumer Protection Act, 1986? What is the jurisdiction of a consumer disputes redressal forum? In what manner is a complaint filed before it?

Or

What is the difference between sale and agreement to sell? What is the effect of destruction of goods?