BBA in TM, 4th Sem.

Date: 14th January,2021

ISLAMIC UNIVERSITY OF TECHNOLOGY (IUT)
ORGANISATION OF ISLAMIC COOPERATION (OIC)
DEPARTMENT OF BUSINESS AND TECHNOLOGY MANAGEMENT
Final Semester Examination Summer Semester, A. Y. 2020-2021
Course No. : BTM 4401 Time : 90 Minutes
Course Title : Legal Environment of Business Full Marks : 75
There are 4 (four) questions. Answer any 3 (three) questions. All questions carry equal marks. Marks
in the margin indicate full marks. Programmable calculators are not allowed.
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1. a) Define contract. State the essentials elements of contract. 10

b) “A mere statement of intention is not an offer”- Discuss this statement with details 10
example.

c) “Acceptance must be absolute and must correspond with the terms of offer”- 5.0
Discuss with suitable illustration.

2. a) Distinguish between void and voidable contracts. What agreements are void 5.0
according to the contract act.

b) Write notes on- unenforceable agreement and illegal agreement 5.0

c) State exceptions of the rule “No considerations, no contract” 10

d) What are the remedies available to an aggrieved person in cases of fraud or 5.0
misrepresentation?

3. a) Describe are the essentials features of negotiable instrument. 15

b) Distinguish between: 5.0

i. A promissory note and a bill of exchange
ii. A Bill of exchange and a Cheque

c) State the various ways cheque can be crossed. 5.0

4. a) Distinguish a “condition” from a “warranty” as used in sale of goods act, and state 10
the consequences for breach and condition and warranty.

b) State the conditions implied in a sale of goods: 10

i. Goods by description
ii. Goods by sample
iii. Goods required for particular purpose.

c) How would you distinguish between a contract of “Hire-Purchase agreement “and 5.0
one of “Installment Sale”