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B.Com (II Semester) Examination
COMMERCE
Paper : BCM–202 (New Course)
( Business Law and Regulatory Framework )
Full Marks : 80
Pass Marks : 35%
Time : Three Hours
1. Answer any five questions from the following : 2×5=10
(a) What is foreign collaboration?
(b) Define warranty.
(c) What is endorsement of cheque?
(d) Define bailment.
(e) What is consideration?
(f) Define promise.
(g) Define competence to contract.
2. Answer any four questions from the following : 5×4=20
(a) Why is licensing necessary for promoting business?
(b) Discuss the rights of an unpaid seller as per law.
(c) Explain the characteristics of Negotiable Instruments Act.
(d) Analyze the essential elements of Contract of Agency.
(e) Write a note on proposal.
(f) What are holder and holder in due course?
(g) Distinguish between coercion and undue influence.
(h) List out various types of cheques.
3. Answer any five questions from the following : 10×5=50
(a) Explain the important features of the Industrial Policy, 1991.
(b) Why is Sale of Goods Act important? Explain the conditions and warranties in sales.
(c) Explain the following :
(i) Dishonour of cheque
(ii) Promissory note
(d) Explain the legal characteristics of a valid contract.
(e) Why is consideration necessary in contract? Elaborate.
(f) Analyze the importance of offer and acceptance in a contract.
(g) What is agreement? How is it different from contract?
(h) Explain the government policy towards privatization in India.
(i) What is endorsement? Explain the methods of endorsement.
