JUNE-2021
B.Com. (2nd Semester) Examination
COMMERCE
Paper: BCM-202(New Course)
BUSINESS LAW& REGULATORY FRAMEWORK
Full Marks : 80
Pass Marks : 35%
Time : Three Hours
Notes: (i) Answer all questions
(ii) The figures in the right margin indicate full marksfor the questions.
SECTION: A
I. Answer the following questions: (2X5=10)
(a) What is a contract?
(b) Define negotiation.
(c) Explain guarantee.
(d) What is licensing?
(e) What do you mean by SEZ?
SECTION – B
II. Answer any four of the following questions: (5x4=20)
(a) Why is consideration important in a contract?
(b) What are the essential elements of contract of agency?
(c) Explain holder and holder in due course.
(d) State the difference between warranty and condition.
(e) Explain the merits of Limited Liability Partnership form of business.
(f) Write a note on “Bills of Exchange “.
SECTION-C
III. Answer any five of the following questions: (10X5=50)
(a) Elaborate important objectives of Competition Act 2002. How it is helpful in curbing unfair trade practices.
(b) What are the rights of an unpaid seller against the buyer?
(c) What is endorsement? What are various types of endorsements?
(d) Define Bailment. What are the essential features of the contract of Bailment?
(e) Explain offer and invitation to offer. Why offer and acceptance are important in a contract?
(f) Describe important government policies regulating foreign collaboration.
(g) Define Free Consent. Explain various provisions regulating free consent of the parties to a valid contract.
