B.Com. III (Semester (CBCS) Examination, 2018
busines regulatory framework
Day and Date Monday, 3-12-2018 Max. Marks 70
Time 10.30 a.m. to1.00 p.m.
N.B. All questions are compulsory.
Figures to the right indicate full marks.
1. Choose the correct alternatives. 14
Limited Liability Partnership Act was passed in the year
2008 2002 2005 1986
Set of rules governing human behaviour is
Law Contract Agreement Promise
Promises forming consideration for each other form
Contract Agreement Performance None of these
Proposal when accepted becomes
Contract Agreement Promise None of these
Contract becomes due to mistake.
Valid Voidable Illegal Void
Agreement without consideration is
Valid Voidable Illegal Void
Consideration must be given at the desires of
Promisee Promisor Any person None of these
Breach of Contract before time of performance is called as
Actual breach Anticipatory breach
Breach of Promise None of these
Sale of Goods Act was passed in the year
1872 1986 1956 1930
10) Stipulation subsidiary for contract of sale is
Warranty Condition Guarantee None of these
11) Unpaid seller has right against
Buyer Goods
Buyer and Goods None of these
12) Auction sale is completed by
Contract Agreement
Fall of third hammer Fall of fifth hammer
13) Right to Information Act was passed in year
1872 1930 2000 2005
14) Under Right to Information Act information relating to life and liberty of any
person must be given in
30 days 48 hours 48 days 1 month
2. Write notes on. 14
Limited Liability Partnership.
Consideration.
3. Write notes on. 14
Essentials of Contract of Sale.
Right to Information.
4. Explain "Every Contract is agreement, but every agreement is not contract." 14
OR
Who is Unpaid seller What are his rights
5. Explain Capacity of Parties for Contract. 14
OR
Explain Constitution, powers and functions of State Information Commission.