[2] BCOC-133

5. (a) Define partnership. “Although sharing of

No. of Printed Pages : 7 BCOC-133 profit is an essential element of a
partnership, it is not a conclusive test.”
BACHELOR OF COMMERCE (B. COM.)
Comment. 4+6

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Term-End Examination
(b) Distinguish between dissolution of
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partnership and dissolution of firm. 10

BCOC-133 : BUSINESS LAW

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6. Define a contract of guarantee. Explain the

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circumstances when a surety is discharged from
Time : 3 Hours Maximum Marks : 100

Note : Answer any five questions. All questions

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7. (a) Define the term ‘goods’ in a contract of sale

4 + 16

carry equal marks.

e of goods. What are different types of goods ?
1. Discuss the essential elements of a valid

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contract with examples. 20

s i g (b) Distinguish between ‘sale’ and ‘agreement

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to sell’. 10
2. Explain the term ‘consideration’ and discuss the

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exceptions to the rule “No Consideration no 8. (a) Discuss the rules regarding ‘presentment

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Contract”. 5 + 15 for acceptance’ of a negotiable instrument.

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3. Who is a ‘minor’ ? Discuss the provisions of law

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relating to minor’s agreements, with examples.

5 + 15
(b) What is bill of exchange ? Discuss its
essential elements. 2+8

4. Define bailment and describe its features. 9. Discuss in detail the doctrine of ‘supervening
Explain various kinds of bailment. 10 + 10 impossibility’ with exceptions. 20

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10. Write explanatory notes on any two of the BCOC-133

following : 10 + 10

(i) Doctrine of Caveat emptor

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(ii) Coercion

(iii) Holder in due course

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(iv) Irrevocable agency
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10 + 10

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BCOC–133

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