B. Com DEGREE (CBCSS) EXAMINATION,MAY 2013
Core Course III-BUSINESS REGULATORY FRAMEWORK
(For Private Registration Candidates, 2012 admissions)
Time : Three
Hours
Total Weight :
25
Section A
This section consists
of four bunches of four questions each. Each bunch carries a weight of 1.
Answer all questions.
I Choose the correct
answer from the choices given:
1.
An agreement
enforceable by law is:
(a) contract (b) proposal (c) offer (d) acceptance
2. It is not one of the remedies for
breach of contract
(a) damages
(b) quantum meruit (c) pledge (d) suit
for injunction
3. The person to whom goods are
delivered in bailment is
(a)seller (b) bailor(c)bailee
(d) buyer
4. An agent works for the principal in
his particular trade or profession
(a) substituted agent (b) sub agent(c) general agent (d) special agent
II State whether the
following are True or False:
5. 5.
Bailment and pledge are one and the same.
6. A principal is not
at all responsible for the acts of the agent.
7. An adjudged
insolvent is not capable to enter into a contract.
8. Undue influence is
mental in nature. .
III Fill in the blanks
9. When two persons
are making identical offers to each other it is -------------
10. Consideration need
not be------------.
11. In bailment
--------------- is not transferred to the bailee.
12. The person to whom
guarantee is given in a contract of indemnity is ------------.
IV Answer in a word or
phrase
13. For a valid contract consent of the parties
must be ------------
14. The object of the contract must be
always -------------
15. Those contracts
which are created by law are called -------------------
16. When an agent
exceeds his authority the agency is --------------.
(4x1=4)
Section B
V Answer any five
questions. Each question carries 1 weight. Each answer not to exceed 8
lines.
17. Explain bilateral contract.
18. What is merger?
19. Who is an unpaid
seller?
20. What are future
goods?
21. Explain mistake of
fact.
22. What is counter
offer?
23. What is implied
acceptance?
24. What is a pledge?
[5x1 = 5]
Section C
VI Answer any four
questions. Each question carries 4 weights. Answers should not
25. What are the
different types of contracts?
26. What are the
rights of bailor?
27. How do unlawful
and illegal agreements differ?
28. What are the
features of sale?
29. What is undue
influence? How does it differ from coercion?
30. How can agency be
terminated?
[4x2 = 8]
Section D
VII Answer any two
questions. Each question carries 4 weights. Answers should not exceed four pages.
31. What do you mean
by breach of contract? Explain the remedies for breach of contract.
32. What do you mean
by capacity of contract? Explainwith the position of minor, unsound mind
persons and insolvent.
33. Who is an unpaid
seller and explain his different rights.
[2x4 = 8]
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