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Sr. No. of Question Paper 5733-B D Your Roll No ...•.•..••.....•

Unique Paper Code 241106

N arne of the Course B.Com. (Hons.)

Name of the Paper Business Law (CH.1.4)

Semester I

Time : 3 Hours Maximum Marks: 75

Instructions for Candidates

1. Write your Roll No. on the top immediately on receipt of this question paper.
2. Attempt all questions.
3. All questions carry equal marks.
4. Answers may be written in Hindi or English but the same medium should be
followed throughout the paper.

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1. (a) Explain the discharge of contract by mutual agreement. (7)

(b) (i) X, a Hindu husband executed a registered document in favor ofY, his
wife, whereby he promised to pay her Rs. W,DOO per month. Later,
X did not pay. Can Y recover from X (a) if this promise was made
without any disagreement and quarrels between them ? (b) if this
promise was made after disagreement and quarrels between them ?
Discuss.

P.T.O.
5733-B 2
(ii) M lends a type-writer to N, a minor, for typing practice for a period
of two months. It was agreed that N would pay monthly hire charges
of Rs. 500. At the end of two months, N refuses to pay the
hire charges. Can M recover hire charges from N (a) if the typewriter
was lent for necessaries ? (b) if the typewriter was not lent for
necessaries ? Discuss. (4+4)

OR

(a) Discuss the impact of mistake on the validity of the contract. (7)

(b) (i) A posts an offer to Bon July 1, 2013. B posts his acceptance on July
5, 2013. In the meantime, A posts his letter of revocation of offer to
Bon July 4, 2013 which is received by Bon July 6, 2013. Is there
an enforceable contract in this case ? Explain with reasons.

(ii) X advertises in a newspaper that he would pay Rs. 1,00,000 to anyone

who traces his missing son. Y traced that boy and claimed the amount
of reward. State whether Y is entitled to receive the amount of reward
if (a) he did not know about the reward, (b) if he knew about the
reward~ Defend your choice with reasons. (4+4)

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2. (a) Who is an unpaid seller? Discuss briefly his rights against the goods. (7)

(b) (i) Define the term 'Goods' and 'Price' under the Sale of Goods Act.

(ii) X purchased a hot water bottle from a chemist. The bottle burst, when
the hot water was poured into it and injured his wife. What are the
rights of X against the chemist ? Explain briefly. ( 4+4)

OR

.(a) Discuss the rules as to passing of property in case of specific goods. {7)

(b) (i) Distinguish between "Sale" and "Agreement to sell."

(ii) B, a lady, purchased from A, a second-hand typewriter, used it for

some time and also spent some money on its repairs. Subsequently,
she discovered it to be stolen and had to return it to the true owner.
She sued the sellers. Whether B would be entitled to the refund and
compensation for the cost of the overhaul ? Explain. ( 4+4)

PT.O.
5733-B 4

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3. (a) Explain the procedure for change of registered office of LLP from one state
to another. (7)

(b) (i) "The validity of a certificate of incorporation of LLP cannot be disputed

on any ground whatsoever". Critically examine the statement.

(ii) Briefly state the procedure for conversion of a partnership firm into a
LLP. (4+4)

OR

(a) Discuss the various grounds under which a LLP can be wound up by the
court. (7)
5733-B 5
(b) (i) State the provisions relating to whistle blowing in case of a LLP.

(ii) State the provisions for conversion of a private company into a

LLP. (4+4)

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4. (a) Explain the terms: Electronic Governance and Cyber terrorism under the IT
Act, 2000. (7)

(b) (i) Explain the duties of Certifying Authority under IT Act, 2000.

(ii) What are the areas involving paper based documents in which IT Act
does not apply? (4+4)

OR

(a) What is meant by Digital Signature Certificate as under the IT Act, 2000?
Discuss the legal framework of issuing the digital signature certificate. (7)

(b) (i) Discuss the functions of Controller appointed under the IT Act, 2000.

(ii) Discuss the objects of IT Act, 2000. (4+4)

P.TO.
 5733-B 6

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5. Write notes on the following: (any two)

(a) Quasi Contracts

(b) Kinds of Bailment

(c) Wagering agreements

OR

Distinguish between the following : (any two)

(a) Contracts of Indemnity and Contracts of Guarantee

(b) Sub-agent and Substituted agent

(c) Fraud and Misrepresentation

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