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Here you get BCom 3rd Sem FYUGP Business Law All Previous Year Question Paper, Basically this question paper is CBCS pattern but very helpful for FYUGP 3rd Sem Student so read this question paper top to bottom and prepare for your upcoming examination.
Gauhati University B.com 3rd Semester Business Law 2021 previous year question paper.
Business Laws Question Paper 2021
(Held in 2022)
Gauhati University BCOM 3rd Sem FYUGP Pattern
Paper: COM – HC – 1026
(Honours)
Full Marks: 80
Time: 3 hours
1. Choose the correct answer:
1x10=10
(a) An
expression of interest to buy a showcase item from a shopkeeper is a / an
(1) Offer.
(2) Request.
(3) Choice.
(4) Acceptance.
(b) Who
among the following appoints a sub-agent?
(1) Principal.
(2) Third
person.
(3) Agent.
(4) Both
(1) and (3).
(c) In
a contract of sale, if no price has been fixed by the parties, the buyer is
required to pay
(1) Lower
market price.
(2) Average
price of the year.
(3) Maximum
market price.
(4) Reasonable
price.
(d) The
provisions regarding maximum number of members in a partnership are given in
(1) The
Partnership Act.
(2) The
Contract Act.
(3) The
Companies Act.
(4) The
Societies Registration Act.
(e) The
Right to Information Act, 2005 came into force on
(1) 12th March,
2005.
(2) 12th July,
2005.
(3) 12th October,
2005.
(4) 12th November,
2005.
(f) The
Indian Contract Act came into effect from 1st September, 1872.
The statement is
(1) Correct.
(2) Incorrect.
(g) An
agent can work for more than one principal. The statement is
(1) Correct.
(2) Incorrect.
(h) Sale
is not an executed contract. The statement is
(1) Correct.
(2) Incorrect.
(i) A
contract of partnership should always be in writing. The statement is
(1) Correct.
(2) Incorrect.
(j) A
promissory note needs acceptance. The statement is
(1) Correct.
(2) Incorrect.
2. Answer the following questions in brief:
2x5=10
(a) What
is contract?
(b) Write
two elements of a contract of guarantee.
(c) Who
is an unpaid seller?
(d) Write
two differences between partnership and co-ownership.
(e) Who
are the parties to a bill of exchange?
3. Answer any four of the following questions:
5x4=20
(a) Briefly
state various kinds of contract.
(b) Explain
the duties of bailee.
(c) Explain
different types of goods under the Sale of Goods Act, 1930.
(d) State
the salient features of limited liability partnership.
(e) Distinguish
between bill of exchange and promissory note.
(f) Briefly
state the remedies available to an aggrieved party against breach of contract.
4. How would you determine whether an
agreement is a contract or not? Discuss.
10
Or
State the grounds on the basis of which a
contract is discharged under the provisions of the Indian Contract Act, 1872.
10
5. (a) Briefly discuss the rights of an
agent. 5
(b) Distinguish between contract of guarantee
and contract of indemnity.
5
Or
State the essential elements of a contract of
sale. Also distinguish between sale and agreement to sell. 5+5=10
6. (a) Explain the procedure of registration
of partnership firm.
5
(b) Distinguish between limited liability
partnership and company.
5
Or
State the duties and rights of a partner under
the Indian Partnership Act, 1932. 10
7. (a) Briefly state different types of
endorsement. 5
(b) State the privileges of holder in due
course. 5
Or
What are ‘Information’ and ‘Right to Information’
under the Right to Information Act, 2005? Discuss the formalities of making a
request for obtaining information under the Act. 4+6=10
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