Seat No.

: _______________

AI-101
April-2022
B.Com., Sem.-VI
CC-308 : Business Law
Time : 2 Hours] [Max. Marks : 50

 : (1) -I     .

(2) -II  .

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–I
1. (A) ‘ ’  , ‘ ’  ‘ ’  

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 . 10
(B)       ? 10

2. (A)        . 10

    .
(B)
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3. (A)     

  . 10
(B)  
(1)  5
(2)   5
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4. (A)    ,   . 10
(B)      . 10
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-II
5.          ( ) 10
(1)     .
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(2)      .

(3)       .
(4)        .
(5)      .
(6)      ` 10,00,000 .
(7)      .
(8)      .
(9)     .
(10)      .
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AI-101 1 P.T.O.

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 Seat No. : _______________

AI-101
April-2022
B.Com., Sem.-VI
CC-308 : Business Law
Time : 2 Hours] [Max. Marks : 50

Instructions : (1) Attempt any two questions from Section-I.

(2) Section-II is compulsory.

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SECTION – I
1. (A) Define ‘Contract of Indemnity’. State five difference between ‘Contract of
Indemnity’ and ‘Contract of Guarantee’. 10

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(B) When agent becomes personally liable ? 10

2. (A) State difference between Public company and Private company. 10

(B) Write a note on : ‘Minimum Subscription’. 10
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3. (A) State objectives of state consumer protection council. 10
(B) Explain :
(1) Consumer 5
(2) Consumer dispute 5
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4. (A) Define ‘Negotiable Instrument’. State its presumptions. 10
(B) State difference between ‘Promissory Note’ and ‘Bill of exchange’. 10
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SECTION – II
5. State whether following statements are true or false : (Any Five) 10
(1) Continuing guarantee can be revoked.
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(2) A contract of indemnity is a contingent contract.

(3) A contract of guarantee may be oral or in writing.
(4) The common seal is the official signature of the company.
(5) The articles of association contain the internal regulations of the company.
(6) Minimum capital of public company is ` 10,00,000.
(7) Purchaser of insurance policy is not a consumer.
(8) State commission consists of five members.
(9) A cheque has two parties.
(10) In promissory note, promise to pay must be conditional.
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AI-101 2

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