Bachelor of Commerce
B.Com (FYUP)
BCOC – 133: BUSINESS LAW
ASSIGNMENT
2025
Valid from 1st January 2025 to 31st December 2025
Third Semester
School of Management Studies
Indira Gandhi National Open University
Maidan Garhi, New Delhi -110068
BACHELOR OF COMMERCE B.Com (FYUP)
BCOC – 133: BUSINESS LAW
ASSIGNMENT: 2025
Valid from 1st January 2025 to 31st December 2025
Dear Students,
As explained in the Programme Guide, you have to do one Tutor Marked Assignment in this
Course. The assignment has been divided into three sections. Section A Consists of long answer questions
for 10 marks each, Section B consists of medium answer questions for 6 marks each and Section C
consists of short answer questions for 5 marks each.
Assignment is given 30% weightage in the final assessment. To be eligible to appear in the Term-end
examination, it is compulsory for you to submit the assignment as per the schedule. Before attempting the
assignments, you should carefully read the instructions given in the Programme Guide.
1. Those students who are appearing in June 2025 Term End Examination they have to submit latest by
in 15 March 2025.
2. Those students who are appearing in December 2025 exams. They should download the new
assignment and submit the same latest by 15 October 2025.
You have to submit the assignment of all the courses to the Coordinator of your Study Centre.
TUTOR MARKED ASSIGNMENT
COURSE CODE : BCOC-133
COURSE TITLE : BUSINESS LAW
ASSIGNMENT CODE : BCOC-133/TMA/2025
COVERAGE : ALL BLOCKS
Maximum Marks: 100
Note: Attempt all the questions.
Section – A
1) Who are treated as persons of unsound mind? State the legal positions of contracts with such (10)
persons.
2) “Insufficiency of consideration is immaterial, but a valid contract must be supported by lawful (10)
and real consideration.” Comment.
3) Explain the law related to ambiguous and inchnate instruments. (10)
4) What are the rules regarding settlement of accounts of a firm after dissolution? Explain fully. (10)
5) Discuss the essentials of a contract of bailment and state the rights and duties of a bailee. (10)
Section – B
6) “An agreement in restraint of trade is void”. Examine this statement mentioning exceptions, if (6)
any.
7) Define and distinguish between ‘condition’ and ‘warranty’. (6)
8) Define an unpaid seller. What are his rights? (6)
9) Discuss the common features among promissory note, bill of exchange and cheque. (6)
10) Define ‘agent’ and ‘principal’. Can a minor be an agent? Discuss. (6)
Section – C
11) “In commercial and business agreements, the presumption is that the parties intend to create legal (5)
relations.” Comment.
12) “Mere silence as to facts is not fraud”. Explain with examples. (5)
13) Write a note on pledge by mercantile agent. (5)
14) Differentiate between a bill and a cheque. (5)