Set - 2

SECOND SEMESTER B.COM DEGREE EXAMINATION

18 UCO 231: BUSINESS REGULATORY FRAMEWORK
Time: 3 hrs. Max. Marks: 80
Section A
(Answer all questions in one word to the maximum of two sentences.
. Each Question carries 1 mark)
1. What do you mean by Business regulatory framework?
2. What is void contract?
3. What is counter offer?
4. What is quasi contract.
5. The term coercion is defined in Sec…..of the Indian Contract Act.
6. Define bailment.
7. What do you mean by ‘conditions’ in relation to a contract of sale?
8. What is discharge of a contract?
9. Expand TRAI.
10. What is copyright?
[10 x 1= 10]

Section B
(Answer any eight questions in one paragraph each.
Each question carries 2 marks)
11. What do you mean by consideration?
12. Who is a minor?
13. What do you mean by free consent?
14. Give four examples of relationships where undue influence is presumed.
15. What do you mean by breach of contract?
16. Give any four remedies available to an injured party when there is breach of Contract.
17. What do you mean by Non-Gratuitous bailment?
18. Who is an unpaid seller?
19. Explain the composition of IRDA.
20. What do you mean by Intellectual property rights?
21. What are the objects of RTI Act 2005.
22. What is a Wagering contract
[8 x 2 = 16 ]

Section C
(Answer any six questions as short essay not exceeding two pages.
Each questions carries 4 marks)
23. What are the sources of Mercantile law?
24. Briefly explain the essential elements of a valid contract.
25. “Acceptance is to offer what a lighted match is to a train of gunpowder” Explain.
26. What are the different kinds of offers?
27. What are the essential features of bailment?
28. How can an agency be terminated?
29. Differentiate Sale form an agreement to sell.
30. What are the objectives of the TRAI Act.
31. What are the powers and functions of State Information commission under the Right
to information Act.
[6 x 4 = 24]

Section – D
(Answer any two questions as long essay not exceeding four pages.
Each question carried 15 marks)

32. Explain the different classes of contracts with suitable examples

33. Explain the rights and duties of an agent.
34. Explain the modes of discharge of contract.
35. Explain the powers and functions of IRDA.
[2 x 15 = 30]