DISTANCE EDUCATION
M.Com. DEGREE EXAMINATION, MAY 2018.
BUSINESS LAW
(2005 onwards)
Time Three hours Maximum 100 marks
SECTION A — × 8 40 marks)
Answer any FIVE questions.
1. Define law. What are the objectives and nature of the law
of contract?
2. State the necessary requirements for a void agreement.
3. State the rights and duties of the indemnified and
indemnifier.
4. What are the rights and duties of the bailee?
5. Explain the types of goods dealt with under the Sales of
Goods Act.
6. Define negotiable instrument. State its characteristics.
7. Define crossing. What are the various methods of crossing
a cheque?
8. Define insurance. Explain the various types of insurance.
Sub. Code
15
DE-3794
2
WK 6
SECTION B — × 15 60 marks)
Answer any FOUR questions.
9. "All unlawful agreements are void but not all void
agreements are unlawful". Discuss.
10. State the difference among valid contract, void
agreement, voidable contract, unenforceable contract and
void contract.
11. What are the differences between contracts of indemnity
and guarantee?
12. Enumerate the implied conditions and warranties stated
under the Sale of Goods Act.
13. State the circumstances under which a negotiable
instrument is dishonoured and the steps to be taken after
dishonour.
14. State any five types of life insurance policy.
15. Explain the rights, duties and liabilities of carrier by sea
and air.
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