DU SOL B.Com Question Paper 1st Year 2018 Business and Industrial Law

[This question paper contains 7 printed pages]

Sl. No. of Q. PaPer L262 G.I
Unique Paper Code A-103

, Name of the Course : B.Com(P|, Annual Part-I

Name of the Paper : Business and Industrial Law
Tl;me : 3 Hours Mqxlmum Marks : 75
Instructions for Candidates :
(a) Write your Roll No. on the top immediately
on receipt of this question Paper.
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(b) Answer may be written either in Engltsh
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1262

agreements' but all
1. (a) 'AlI contracts arecontract-s'' Discuss the
agreements are not of a
statemettflxplaining the essentials
valid contract"
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(b) Discuss the Provisions of larv relating
minor's agreements'
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illegal
(a) What do liou underst:trici by arr
*gi""*""[ ? vrhat is the effect of illegal
agreements on collateral transactions
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(b) State the conclitions
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his account' as gi""tt in Section
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2. (a) Define lr Contracl of indemnity' When does
the indemnifier's liability commence ?
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(b) Briefly' explain the clulies of an agent
tor,r'ards his principal. What are his rights
against ttre PrinciPal ?
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{a) What is agency by ratification ? State the
conditions r'r'hich should be fulfilled before
the principal can validly ratify acts done
by a person not authorised to do them'
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(b) What is continuing guarantee ? When and
hou'is it revoked ?
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a
How does it differ from
4. (a) Define a cheque'
bill of exchange ? it
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p) When is a payment in due
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course'?
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? Explain the
(a) What is an indorsement
indorsements ?
different kinds cf
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(b) Write a short note on 'Inchoate
lnstrument''
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s. (a) What are the conditions for the eligibility
of bonus ? When is an employee disqualified
from receiving bonus ?
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(b) Explain the concept of 'Continuous Service'
uncler the PaYment of GratuitY Act ?
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(a) Write a note on an employer's liabilitY for
payment of wages' Is he entitled to make
any deductions at the time of PaYment of
wages ?
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categories of employees that
(b) Describe
the Bonus
from the Payment of
are excluded'
Act.
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