Business Laws Question Paper 2022
Gauhati University BCOM 1st Sem CBCS Pattern
COMMERCE (Honours)
Paper: COM-HC-2026 (Business Laws)
Full Marks: 80
Time: Three hours
The figures in the margin indicate full marks for the questions.
Answer either in English or in Assamese.
In this post you will get Business Laws Question Paper 2022 for Gauhati University B.Com 1st Sem CBCS Pattern.
1. Choose the correct answer of the following: (any ten)Â Â Â Â Â 1 x 10=10
(a) An expression of interest to buy a showcase item from a shopkeeper is a/an
(1) acceptance.
(2) request.
(3) choice.
(4) offer.
(b) The Indian Contract Act, 1872 came into force on
(1) 1st January, 1872.
(2) 1st April, 1872.
(3) 1st July, 1872.
(4) 1st September, 1872.
(c) An agreement to procure a government job is a/an
(1) illegal agreement.
(2) unenforceable agreement.
(3) void agreement.
(4) voidable agreement.
(d) A contract of indemnity is a
(1) future contract.
(2) wagering contract.
(3) contingent contract.
(4) quasi contract.
(e) In an agreement to sell, the property in goods is transferred
(1) at present.
(2) in future.
(3) both, at present and in future.
(4) None of the above.
(f) The provisions regarding maximum number of members in a partnership are given in
(1) the Contract Act.
(2) the Companies Act.
(3) the Partnership Act.
(4) the Societies Registration Act.
(g) Reconstitution of partnership firm requires
(1) in case of admission of partners.
(2) in case of expulsion of partners.
(3) in case of retirement of partners.
(4) All of the above.
(h) Who appoints the Central Information Commission?
(1) The President of India.
(2) The Prime Minister of India.
(3) The Chief Justice of Supreme Court.
(4) None of the above.
(i) The Rights to Information Act, 2005 came into force on
(1) 12th July, 2005.
(2) 12th August, 2005.
(3) 12th September, 2005.
(4) 12th October, 2005.
(j) All agreements are contracts.
(1) Correct.
(2) Incorrect.
(k) An agent cannot work for more than one principal.
(1) Correct.
(2) Incorrect.
(l) A minor can appoint an agent.
 (1) Correct.
(2) Incorrect.
(m) Sale is not an executed contract?
(1) Correct.
(2) Incorrect.
(n) In case of defective delivery, the buyer can reject the goods.
(1) Correct.
(2) Incorrect.
(o) Registration of limited liability partnership shall be with the Registrar of Companies.
(1) Correct.
(2) Incorrect.
(p) A bill of exchange can be crossed.
(1) Correct.
(2) Incorrect.
(q) A cheque needs acceptance.
(1) Correct.
(2) Incorrect.
(r) Partial endorsement is valid.
(1) Correct.
(2) Incorrect.
2. Answer any five of the following questions in brief:Â Â Â Â Â 2 x 5=10
(a) What is an offer?
(b) Write two differences between agreement and contract.
(c) Write two elements of a contract of indemnity.
(d) Write two liabilities of surety.
(e) What is contract of sale?
(f) Write two differences between sale and bailment.
(g) Write two differences between partnership and company.
(h) Who are the parties to a promissory note?
(i) Write two differences between limited liability partnership and company.
(j) Write two essential features of negotiable instruments.
3. Answer any four of the following questions:Â Â Â Â 5 x 4=20
(a) Briefly state the essential elements of a valid contract.
(b) Explain the duties of bailee.
(c) Briefly discuss with examples the rules relating to contingent contract.
(d) Distinguish between sale and agreement to sell.
(e) State the features of limited liability partnership.
(f) State the essential elements of partnership.
(g) Distinguish between promissory note and cheque.
(h) Briefly explain the different kinds of endorsements.
4. Answer any four of the following questions in 600 words each:Â Â Â Â Â 10 x 4=40
(a) What is contract? State the various types of contract. Â Â Â Â Â Â Â Â 2+8=10
(b) What is void agreement? Discuss the different types of void agreements under the Indian Contract Act, 1872. 2+8=10
(c) Discuss the rights and duties of an agent.     6+4=10
(d) Discuss the rights of surety.
(e) Who is an unpaid seller? Discuss the rights of an unpaid seller. Â Â Â Â Â Â 2+8=10
(f) State the essential elements of a contract of sale. Briefly discuss the rules regarding delivery of goods.  4+6=10
(g) Explain the procedures of registration of partnership firm. Also state the benefits of registration of partnership firm.     6+4=10
(h) (1) Discuss the advantages of limited liability partnership.     5
(2) Distinguish between limited liability partnership and partnership.     5
(i) What is crossing of a cheque? Explain with examples the various types of crossing of a cheque.   2+8=10
(j) State the obligations of public authorities under the Rights to Information Act, 2005.
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