DU SOL Question Paper 2018 B.Com (Hons.) Business Law

[This question paper contains 10 printed pages.l

590 your Roll No.

B.Com. (Hons.)/I
c
PaperV-BUSINESSLAW

Paper Code : A_106

Time: 3 Hours
Marimum Marks . 75

(Write y-our Roll No. on the top
immediately
on receipt of this question paper.)

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Note Answers may be written either in
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but the same medium should be used
throughout the
paper.

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Attempt all questions.
All questions carry equal marks.

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1' (a) state with reason whether the
fo'owing statemenrs are
True or False.
(9)

P.T.O.

s90 2

(i) Consideration need not be adequate.
(ii) A void contract is one which is void ab initio'

(iii) Supervening impossibility does not include the
difficulty of performance.

(b) 'A quasi contract is not a contract at all. It is an
obligation which the law creates'. Explain the statement
as recognized under Indian Contract Act. (6)

OR

(a) State with reason whether the following statements are
True or False. (9)

(i) Law does not debar a minor from becoming a
promisee in a contract'

(ii) Communication of offer is complete when the letter
of offer is posted.

(iii) A surety is a favoured debtor'

(b) A offers to sell a painting to B, which A knows is a
copy of a well-known masterpiece' B, thinking that the
painting is the original one, agrees to buy it at a very
high price. Is this a valid contract? Give reasons' (6)

3
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P.T.O.

s90 4

2. (a) Define the term 'Offer'. Explain the legal rules regarding
a valid offer. (5)

(b) 'A stranger to a contract cannot sue'. Are there any
exceptions to this rule? Explain. (5)

(c., Differentiate between a Contract of Indemnity and a
Contract of Guarantee. (5)

OR

(a) Distinguish between 'Coercion' and 'Undue Influence'.
(5)

(b) What principles are applied in order to assess the amount
of damages recoverable for a breach of contract? (5)

(c) A minor fraudulently represented to a money lender that
he was a full-age and obtained a loan of Rupees
5,000/-. Has the moneylender any right of action against
the minor for the money lent. Give reasons. (5)

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590 5

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(a) Explain the doctrine of Caveat Emptor. Are there any
exceptions? (5)

(b) Why is it important to know the exact time when the
property in goods passes from a seller to a buyer? (5)

(c) Who is an'Unpaid Seller'? What are his rights against
the buyer personally? (5)

OR

(a) Explain the Implied Conditions as per Sale of Goods
Act, 1930. (5)

(b) Define the term 'Delivery of Goods,. State the different
modes of Effective Delivery of Goods. (5)

P.T.O.

590 6

(c) X. a lacly. handed over her old jewelry to Y' a goldsrnith'
for the ptlrpose of remaking after melting it' Every
evening, as soon as Y's work for the day is over'
the

lady usetl to take the semi-finished jcwelry and
put it in
a box in goldsmith's shop but carry the key to
the box
with her. One night. jewelry was lost from the box'
Explain the liability of tire goldsmith in this regard'
(5)

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s90 7

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4. (a) How is a Controller of
Certifying Authority appointed?
What are his functions under the
Information Technology
Act, 2000?
(s)
(b) Discuss the provisions
of Information Technology Act,
2000 relating to ,Digital
Signature, and 'Electronic
Signature' ?
(5)
(c) Explain the legal recognition
of electronic records as
per the Informarion Technology
Act, 2000. (5t

OR

(a) Define the following terms:

(i) Private Key and public Key,

(ii) Asymmetric Crypto System.
(s)
(b) A person knowingly or
intentionally conceals, destroys
or alters any computer source, computer
program,
computer system or network.
Is such an act an offence?
If so, what is the punishment?
(5)

P.T.O.

s90

(c) Explain the terms 'e-Commerce' and 'e-Governance'
with reference to the Information Technology Act, 2000'
(5)

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590 9

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5. (a) Define a Negotiable Instrument' What are its
(s)
characteristics ?

(b) Define Negotiation' What are the different modes of
(s)
negotiation?
(s)
(c) Write short notes on:

(i) Sans recourse endorsement
(ii) Facultative endorsement
OR

(a).Define a Bill of Exchange' What are the essential
(5)
features of a Bill of Exchange?
(s)
(b) Write short notes on:

(i) Blank or General endorsement

(ii) Special of Full endorsement
(c) Explain the privileges granted to a'holder in due
course'.
(5)

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P.T.O.

10
590

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(10,000)