DISTANCE EDUCATION
B.Com. (CA)/B.Com. (Lateral) DEGREE EXAMINATION,
MAY 2016.
COMMERCIAL LAW
(2005 Onwards)
Time Three hours Maximum 100 marks
SECTION A — 8 40 marks)
Answer any FIVE questions.
All questions carry equal marks.
1. What do you understand by the terms "void" and
"voidable' contracts?
2. Explain the legal rules regarding consideration.
3. Explain the essential features of a contract of sale.
4. Define the term 'Goods'. What are the different types of
Goods?
5. Explain the meaning of material alteration in a
negotiable Instrument.
6. Define and explain the salient features of a negotiable
instrument.
7. Define arbitration. Explain the arbitration in suits.
8. What are the elements of insurance?
Sub. Code
22
DE-3306
2
Ws9
SECTION B — 15 60 marks)
Answer any FOUR questions.
9. Define free consent. Explain various causes of flow in
consent.
10. Define the terms "sale" and "agreement to sale" and
distinguish between the two. Give examples.
11. Explain briefly the implied conditions and warranties in
a contract of sale of goods.
12. What are the consequences of dissolution of a
partnership?
13. What is endorsement? Explain different types of
endorsements.
14. Write down the advantages and disadvantages of
arbitration.
15. Discuss the various kinds of policies under a marine
Insurance.