B.Com. III (Semester (CGPA) Examination, 2018
business regulatory framework
Day and Date Monday, 3-12-2018 Max. Marks 70
Time 10.30 a.m. to 1.00 p.m.
Instructions All questions are compulsory.
Figures to right indicate full marks.
1. Choose the correct alternatives 14
Indian Contract Act, 1872 is derived from source of business law.
Statutes Judicial Decisions
Customs None of these
Consideration may be given by
Promisee Promisee or any other person
Any person Contracting party
Due to fraud contract becomes
Valid Illegal Void Voidable
Due to misrepresentation contract becomes
Valid Illegal Void Voidable
Due to mistake contract becomes
Valid Illegal Void Voidable
Breach of contract before time of performance is called as
breach.
Anticipatory Actual
Present None of these
Agreement enforceable by law is
Void Voidable
Contract Illegal
Sale of Goods Act was passed in the year
1872 1972 1930 2003
Property in the goods is passed immediately in
Contract of sale Agreement to sell
Contract and agreement None of these
10) Sale of Goods Act is applicable to property.
Movable Immovable
Movable and Immovable Intellectual
11) Stipulation subsidiary for contract of sale of goods is
Guarantee Condition
Warranty Secondary
12) Right to Information Act was passed in the year
1872 1930 2003 2005
13) Chief Commissioner of State Information Commissioner is appointed by
Chief Minister Governor
Prime Minister President
14) Under right to Information Act demanded information should be given in
1 month 30 days 31 days 2 months
2. Write notes on 14
Objectives of Legal Environment of business.
Acceptance of Proposal.
3. Write notes on 14
Essentials of Contract sale of goods.
Procedure of getting information.
4. Explain what is free consent. 14
OR
Who is unpaid seller Explain his rights.
5. Explain what are void agreements. 14
OR
Explain constitution, functions and powers of State Information Commission.