GU Business Law Question Paper 2023 [Gauhati University BCom 3rd Sem NEP FYUGP]

Gauhati University BCom FYUGP 3rd Semester 

 Business Law question paper 2023

Full Marks: 80, Time: 3 hours

The figures in the margin indicate full marks for the questions.

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1. (A) Choose the correct option from the following: (1x4=4)

(a) Where no mode of acceptance is prescribed, acceptance:
(i) need not be communicated in writing
(ii) must be communicated by registered post
(iii) must be communicated by telegram
(iv) may be expressed in some usual and reasonable manner.

(b) An agency can be created by:
(i) Express Agreement
(ii) Implied Agreement
(iii) Operation of law
(iv) All of the above

(c) The term goods under the Sale of Goods Act, 1930 does not include:
(i) Harvested crop
(ii) Actionable claim (Other than actionable claims and money)
(iii) Grass
(iv) Stock and Share

(d) The Agreement of Limited Liability Partnership should be:
(i) Written only
(ii) Oral only
(iii) Either written or oral
(iv) None of the above

1. (B) State whether the following statements are correct or incorrect: (1x4=4)

(a) A minor can become a member of a partnership firm through agreement.
(b) No consideration is necessary to create an agency.
(c) Sale is an executed contract.
(d) Collecting banker collects both open and crossed cheques.

1. (C) Fill in the blanks with the appropriate word: (1x2=2)

(a) Every limited liability partnership shall have at least _____ designated partners.
(b) Chief Information Commissioner shall hold office up to the age of _____ years.

2. Answer the following questions (any five) (2x5=10)

(a) What do you mean by performance of a contract?
(b) A sells to B 10 bags of rice which are locked up in a godown. A gives B the key of the godown. Does it constitute delivery of the goods?
(c) What is a partnership deed?
(d) Define the term ‘holder in due course.’
(e) Define the term ‘Limited Liability Partnership.’
(f) What is meant by Information under the Right to Information Act, 2005?

3. Answer any four of the following questions: (5x4=20)

(a) Write when the consent to a contract is said to be not free.
(b) Distinguish between contract of indemnity and contract of guarantee.
(c) Briefly explain the term ‘Caveat Emptor’.
(d) What test would you apply to determine the existence of partnership?
(e) Mention five liabilities of a partner in a limited liability partnership.
(f) How is the Central Information Commission constituted under the Right to Information Act, 2005?

4. Answer any four of the following questions: (10x4=40)

(a) Define the term ‘offer’. Explain the legal rules regarding a valid offer under the Indian Contract Act, 1872.
(b) Distinguish between:
(i) Void agreement and void contract
(ii) Sale and agreement to sell.
(c) Define Bailment and briefly state the rights and duties of the bailor under the Indian Contract Act, 1872.
(d) Define the term condition and warranty in a contract of sale. When can a condition be treated as a warranty? Briefly explain two implied conditions in a contract of sale.
(e) (i) How can a partnership firm be registered under the Indian Partnership Act, 1932?
(ii) State five advantages of forming a limited liability partnership.
(f) What is general and special endorsement? Mention five reasons for bouncing of a cheque.
(g) (i) Explain the salient features of the ‘Right to Information Act, 2000’.
(ii) Distinguish between sale and bailment.
(h) Explain in short the following terms:
(i) Consideration
(ii) Contingent contract
(iii) Quasi contract
(iv) Unpaid seller
(v) Promissory Note

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Also Read :- GU B.Com 3rd Sem FYUGP NEP All Question Papers, Solved & PDF