Sirifort Institute of Management Studies

Internal Examination BBA 2018

Business Law
rd
Paper Code: BBA.-201 Sem: 3
Time: 2 Hours Max. Marks: 50

SECTION A
NOTE: ALL THE QUESTIONS ARE COMPULSORY TO ATTEMPT (4*5)
Q. 1 Define Negotiation. What are the various kinds of endorsements?
Q. 2 What is meant by Continuing Guarantee? How the surety is discharged from all the liabilities?
Q. 3 What is legality of an object under Indian Contract Act 1872? State and explain the various
agreements which are opposed to public policy.
Q. 4 What do you mean by Doctrine of ‘caveat emptor’? Discuss its exceptions.

SECTION B
NOTE : INTERNAL CHOICE IS GIVEN IN EVERY QUESTION (6*5)

Q. 1 A) Who is the ‘Holder in due course’? What privileges he can enjoy under Negotiable
Instruments Act, 1881.
OR
B) What do you mean by crossing of cheque? Discuss different types of crossing with examples.

Q.2 A) “All contracts are agreements but all agreements are not contracts”. Elucidate the statement
explaining the essential elements of a valid contract.
OR
B) “No Consideration, No Contract”. Explain the various exceptions to this rule.

Q.3 A) What do you understand by capacity to contract? Who are persons disqualified by law?
OR
B) Explain types of contracts with suitable examples.

Q.4 A) Who is an unpaid seller? Explain rights of an unpaid seller against buyer and goods.
OR
What do you understand by the term ‘Goods” as per sale of goods Act? What are types of goods?

Q.5 A) What do you mean by performance of contract of sale of goods? Explain various types of
delivery of goods?
OR
B) Define a contract of sale of goods. Distinguish between sale and agreement to sell.

Q .6 A) What is a negotiable instrument? Discuss the essential characteristics and statutory

provisions of a negotiable instrument.
OR
B) What do you mean by dishonor of a cheque? Distinguish between Bill of exchange and Promissory
Note.