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Legal Aspects of Business

The document is an exam paper for a B.B.A course covering legal aspects of business. It contains 7 questions testing students' understanding of key concepts in contract law and business law. The first question defines key terms like contract, void contract, counter proposal, minor, undue influence, contract of indemnity, pledge, transfer of title, and delivery. The second question asks students to distinguish between concepts like fraud and misrepresentation, indemnity and guarantee, and duties of a bailor and seller's right to sell unpaid goods. The remaining questions ask students to discuss the characteristics of a valid contract, exceptions to consideration requirement for a contract, remedies for breach of contract, the definition of

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492 views

Legal Aspects of Business

The document is an exam paper for a B.B.A course covering legal aspects of business. It contains 7 questions testing students' understanding of key concepts in contract law and business law. The first question defines key terms like contract, void contract, counter proposal, minor, undue influence, contract of indemnity, pledge, transfer of title, and delivery. The second question asks students to distinguish between concepts like fraud and misrepresentation, indemnity and guarantee, and duties of a bailor and seller's right to sell unpaid goods. The remaining questions ask students to discuss the characteristics of a valid contract, exceptions to consideration requirement for a contract, remedies for breach of contract, the definition of

Uploaded by

GuruKPO
Copyright
© Attribution Non-Commercial (BY-NC)
Available Formats
Download as PDF, TXT or read online on Scribd
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University of Rajasthan

B.B.A (Pt.I ) 102 B.B.A. (Sem.I) EXAMINATION DECEMBER 2012


( Faculty of Commerce)

P. II

(Three-Year Scheme of 10+2+3 Pattern) LEGAL ASPECTS OF BUSINESS Third-Paper TIME ALLOWED: THREE HOURS Maximum Marks (1) No supplementary answer-book will be given to any candidate. Hence the candidates should write their answers precisely in the main answer-book only. (2) All the parts of one question should be answered at one place in the answer-book. One complete question should not be answered at different place in the answer book. Attempt any five questions in all. Question Nos. I and 2 are compulsory PART-A 1- Answer all ten questions. All questions carry equal marks. (Answer limit up to 50 words each) (a) (b) (c) (d) (e) (f) (g) (h) (i) Define contract Define void contract. What is counter proposal? What is meant by minor? What is undue influence? What is meant by Contract of Indemnity? Define pledge. What is meant by transfer of title? What is meant by delivery?

(j)

What is Novation?

2. Answer all five questions. All questions carry equal marks. (Answer limits up to 100 words.) (a) When is communication of acceptance complete? (b) Distinguish between Fraud and Misrepresentation. (c) Distinguish between Idemnity and Guarantee. (d) What are the duties of a bailor? (e) When can the unpaid seller sell the goods? 3. Contract is an agreement enforceable by Law. Discuss this statement and bring out clearly the main characteristics of valid contract. 4. Agreement without consideration is void. Are there any exceptions to it? Comment. 5. What are the various remedies available to a party in case of breach of contract ? Explain. 6. What is an Agency? Explain the rights and duties of an agent towards his principal. 7. Explain the Doctrine of Caveat Emptor and state its exceptions.

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