Business Laws (Major) — DU B.A.(Prog.) with Commerce (Entrepreneurship and Small Business) Previous Year Question Papers

Type of the Paper :DSC Instructions lor the Candidates : Ql. a) "All contracts are agreements, but all agreements are not contract". Explain. Ql.b)Discuss the legal rules relating to the communication of offer,acceptance and revocation . (9) Q1. a)Explain the term consideration .Also discuss the essential elements of consideration in detail. (9) Ql. b) Define consent. When is consent said to be free? Explain with suitable examples. (9) Q2. a) What do you understand by "Anticipatory breach of contract" ? Discuss the consequences of such breach on the rights and liabilities of the parties. (9) Q2. b) Define mistake . Discuss the effect of mistake on the validity of a conhact. (9) Q2. a) Explain Void and Voidable contracts ? Discuss the rights and obligations of the parties to a void contract and voidable contract after its rescission. (9) Q2 b) While A was away, a fire broke out in his house. B rescued A's property and spent Rs 4,000 on this. A on retum promises to pay B the money spent by him. Is the promise enforceable ? Explain with reasons. (9) Q3. a) Explain the rules governing measurement of damages in the case of breach of contract. (9) Q3. b) What is meant by "Quantum Meruit " ? Under what circumstances a claim on a quanrum meruit arise ? (9) Q3. a) Distinguish between a contract of guarantee and a contract of indemnity. Q3.b) Under what circumstances is the surety discharged liom the liability ? Q4. a) State essential features of Bailment. Also discuss various types of bailment in detail. (9) (9) Q4. b) Briefly explain the various ways of termination of agency. (9) Q4. a). What are the rights and obligations of the finder of the goods? (9) Q4.b) Define pledge. Also explain pledge by non owners . Q5. a)Who is an agent ? How does agent differ from servant ? Can a minor be appointed as an agent ? (9) Q5. b) What is agency by ratification ? Explain when can an agency be not revoked? (9) Q5. a)" A delegate can not further delegate " Explain the statement to describe the relationship between a principal and a sub agent. (9) Q5. b) A agrees to sell his scooter to B a month after the date of the contract. Butjust after 10 days of the contract he sells the scooter to C . There upon B sues A for the breach of contract . A contends that he could still perform the confact by repurchasing the scooter from C. Decide the suit with reasons. (9) ¡ race of Guarantee a f da (Contract of Indemnity) *