Calcutta University B.com 1st Sem Business Law Solved Question Paper 2017

In this post we have Shared Calcutta University Business Law  Question Paper Solution 2017, Which can be very beneficial for your upcoming exam preparation. So read this post from top to bottom and get familiar with the questions asked in Exams.

Calcutta University B.com 1st Sem Business Law Solved Question Paper 2017

Business Laws - CC 1.1 Chg - C.U.- 2017 

                         Group - A

.Questions carrying Marks -1  [20*1=20M]

1.___has defined contract as "Every agreement and promise enforceable at law is a contract."

a) William Anson

b) Salmond

c) Fredrick Pollock

d) Rowan

Ans: Fredrick Pollock

2.An agreement consists of reciprocal promises between at least

a) Four parties

b) Six parties

c) Three parties

d) Two parties

Ans: Two parties

3.When offer is made to the public in General, it is called offer.

a) Cross

b) Counter

c) Specific

d) General

Ans: General

4.Consideration may be classified into - types.

a) Two

b) Three

c) Four

d) Five

Ans: Three

5.Section 13 of Indian Contract Act defines the meaning of the term

a) Consent

b) Free consent

c) Offer

d) Contract

Ans: Consent

6.An agreement whose object is to defraud others is

a) Legal

b) Void

c) Valid

d) Voidable

Ans: Voidable

7.___means cancellation of all or some of the terms of the contract.

a) Alteration

b) Novation

c) Rescission

d) Waiver

Ans: Rescission

8.A quasi-contract is a and it is valid

a) Contract

b) Contingent contract

c) Legal obligation

d) Wagering agreement

Ans: Legal obligation

9.The Sale of Goods Act, 1930 relates to -

a) Immovable goods

b) Movable goods

c) Both movable and immovable goods

d) All goods except gold

Ans: Movable goods

10.The term 'goods' under The Sale of Goods Act, 1930 does not include

a) Goodwill

b) Actionable claims

c) Stocks and shares

d) Harvested crops

Ans: Actionable claims

11.Partnership in India is governed by -

a) Indian Partnership Act, 1932

b) Companies Act, 2013

c) Indian Partnership Act, 1930

d) Indian Partnership Act, 1956

Ans: Indian Partnership Act, 1932

12.When the death of a partner automatically dissolves the firm, it is known as -

a) Dissolution on the happening of certain contingencies

b) Voluntary Dissolution

c) compulsory Dissolution

d) Dissolution by Notice

Ans: Dissolution on the happening of certain contingencies

13.The LLP Act is introduced in India in the year -

a) 2006

b) 2007

c) 2008

d) 2009

Ans: 2008

14.Every LLP shall have at least -

a) 2 Partners

b) 3 Partners

c) 4 Partners

d) 5 Partners

Ans: 2 Partners

15.Under Indian Limited Liability Partnership Act, at least one designated partner shall be -

a) Indian resident

b) Non-resident

c) Indian citizen

d) Resident but not ordinarily resident

Ans: Indian resident

16.There is no idea of any in case of LLP

a) Contribution

b) Share capital

c) LLP agreement

d) Designated partner

Ans: Share capital

17.The undertaking contained in a promissory note, to pay a certain sum of money is -

a) Conditional

b) Unconditional

c) Conditional or Unconditional depending upon the circumstances

d) Certain

Ans: Unconditional

18.A Bill payable after a fixed time or after date' is known as -

a) Trade Bill

b) Inland Bill

c) Foreign Bill

d) Time Bill

Ans: Time Bill

19.Members of Central Consumer Protection Council should not exceed -

a) Two hundred

b) Three hundred

c) Five hundred

d) One hundred fifty

Ans: One hundred fifty

20.Any person aggrieved by an order made by the District Forum may prefer an appeal on such order to the State Commission within

a) 60 days

b) 90 days

c) 1 month

d) 30 days

Ans: 30 days

                             Group - B

.Questions carrying Marks - 2   [30*2=60M]

1.A proposal when accepted becomes a -

a) Promise

b) Contract

c) Offer

d) Acceptance

Ans: Promise

2.When the consent of a party is not free, the contract is:

a) Void

b) Voidable

c) Valid

d) Illegal

Ans: Voidable

3.The person making the offer is known as anc the person to whom it is made known as .

a) Drawer, drawee

b) Endorser, endorsee

c) Offeror, offeree

d) Proposer, seconder

Ans: Offeror, offeree

4.Which of the following statements is false?

a) Must move at the desire of the promisor

b) May move from any person

c) Must be illusory

d) Must be of some value

Ans: Must move at the desire of the promisor

5."Minor's agreement is void ab initio" - is decided from the leading case of -

a) Mohori Blbi Vs Dharmadas Ghose

b) Leslie Vs Sheill

c) Nash Vs Inman

d) Raghava Chariar Vs Srinivasa

Ans: Mohori Blbi Vs Dharmadas Ghose

6.An agreement to pay money or money's worth on the happening or non-happening of a specified uncertain event, is

a) Wagering agreement

b) Contingent contract

c) Quasi-contract

d) Uncertain agreement

Ans: Wagering agreement

7.An agreement for lawful consideration but with object is.

a) Lawful voidable

b) Unlawful, void

c) Legal, wager

d) Legal, invalid

Ans: Unlawful, void

8.A agreement is not necessarily.

a) Legal, invalid

b) Vold, illegal

c) Void, valid

d) Legal, enforceable

Ans: Void, valid

9.The discharge of contract means the

a) Enforcement of obligations of parties.

b) Coming to end of obligations of parties

c) Renewal of obligations of parties

d) Payment of damages and fines

Ans: Coming to end of obligations of parties

10.In case of breach of contract, which of the following remedies is available to the aggrieved party?

a) Suit for rescission

b) Suit for damages

c) Suit for specific performance

d) All of these

Ans: All of these

11.Bailment reward or consideration is Bailment.

a) With, simple

b) Without, gratuitous

c) Without, complex

d) Without, non-gratuitous

Ans: Without, gratuitous

12.A agrees to sell his old phone valued at Rs 2000 to B, a dealer, in exchange for a new smart phone and agrees to pay the difference in cash, it is -

a) Barter

b) Exchange

c) Contract of sale

d) Invalid contract

Ans: Contract of sale

13.Breach of condition under the Sale of Goods Act results in

a) Rejection of goods

b) Repudiation of contract

c) Claim for damages

d) Both (a) and (b)

Ans: Both (a) and (b)

14.The delivery of key of warehouse in which goods are stored amounts to -

a) Symbolic delivery

b) Actual delivery

c) Constructive delivery

d) Open delivery

Ans: Constructive delivery

15.The right of lien' and right of stoppage in Transit may be exercised simultaneously by an unpaid seller.

a) True

b) False

c) Partly true

d) Partly false

Ans: False

16.A partnership firm

a) is a legal person

b) is not a legal person

c) Has a legal status of its own

d) Has separate legal entity apart from its partners

Ans: Is a legal person

17.In the absence of any partnership deed, a partner is not entitled to receive any

a) Interest on his contribution towards capital

b) Remuneration from the firm for taking part in the affairs of the firm

c) Profits which the firm has earned during the finan. Il year

d) Both (a) and (b)

Ans: Both (a) and (b)

18.A firm can be dissolved by a written notice of dissolution given by any partner in case of -

a) General partnership

b) Partnership at will

c) Particular partnership

d) Both (a) and (c)

Ans: Partnership at will

19.LLP is a hybrid form of association having features of -

a) Partnership and proprietorship

b) Partnership and company

c) Company and proprietorship

d) OPC and AOP

Ans: Partnership and company

20.When the personal propriety of a partner is being used in the business of the firm, it

a) Is a question of fact to be determined with reference to the partner's intention whether it has become the property of the firm.

b) Becomes the Joint estate

c) Remains an estate of the partner

d) Is a question of law to be decided on legal principles

Ans: Is a question of fact to be determined with reference to the partner's intention whether it has become the property of the firm.

21.____is not required for partnership firm, but is an essential for LLP.

a) Digital signature

b) Digital photo

c) Digital address

d) Both (b) and (c)

Ans: Digital signature

22.Which of the following is not an advantage of LLP?

a) Easy to incorporate

b) righ cost of formation

c)Separate property

d) Easy to manage

Ans: High cost of formation

23.Which of these instruments are not considered as a Negotiable instrument?

a) Treasury Bill

b) Proforma Invoice

c) Bank Draft

d) All of the above

Ans: All of the above

24."Not negotiable words written on a cheque between two two parallel lines, is an example of -

a) General crossing

b) Restrictive crossing

c) Special crossing

d) None of these

Ans: General crossing

25.An endorsement is said to be general if the endorser signs his name only on the face or back of the

a) Instrument

b) Order

c) Notice

d) Letter

Ans: Instrument

26.An instrument is discharged -

a) By payment in due course

b) By cancellation

c) By release

d) All of the above

Ans: All of the above

27.The Consumer Protection Act, 1986 extends to

a) The whole of India

b) "A" except Nagaland

c) "A" except Arunachal Pradesh

d) "A" except Jammu and Kashmir

Ans: "A" except Jammu and Kashmir

28.Under The Consumer Protection Act, 1986 Person means -

a) A firm whether registered or not

b) HUF and any Association

c) A cooperative society

d) All of them

Ans: All of them

29.Jurisdiction of District Forum with respect to complaint for any compensation does not exceed -

a) Rs 20 lac

b) Rs 50 lac

c) Rs 30 lac

d) Rs 40 lac

Ans: Rs 20 lac

30.Which of the following is known as consumer dispute redressal agency?

a) District forum

b) State commission

c) National commission

d) All of the above

Ans: All of the above

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About Calcutta University or University of Calcutta 

Calcutta University, also known as the University of Calcutta, is one of the oldest and most prestigious universities in India. Founded in 1857, it has a rich history and a strong tradition of academic excellence. The University is located in the heart of Kolkata, the cultural capital of India, and is surrounded by some of the city's most iconic landmarks.

Image: University of Calcutta 

The University offers a wide range of undergraduate and postgraduate courses in various fields such as Arts, Science, Commerce, Law, and Engineering. The Faculty of Arts, for example, has departments such as Bengali, English, Sanskrit, and History. And the Faculty of Science has departments such as Chemistry, Physics, Mathematics, and Computer Science. The University also has a strong research culture, with many of its faculty members and students engaged in cutting-edge research in various fields.

About Calcutta University B.com 1st Sem Business Law Question paper 2017

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Conclusion

In conclusion, previous year question papers are a valuable resource for students preparing for their Calcutta University B.Com first semester Business Law Question Paper 2017 exam at Calcutta University. These papers can help students understand the format and structure of the exam paper, practice their knowledge and identify areas where they need to improve, and manage their expectations for the actual exam. Therefore, it is important for students to make use of these papers as they prepare for their exams.