Name of the University : Vardhman Mahaveer Open University
Degree : B.Com
Subject Code/Name : BC-03 – Business Law
Year : I
Document Type : Question Bank
Website : vmou.ac.in
Download Model/Sample Question Paper : https://www.pdfquestion.in/uploads/vmou.ac.in/3504-BC-03_228.pdf
VMOU Business Law Question Paper
Very short answer type Questions :
Section – A
1. Such agreement which is enforceable by law, what it mean –
2. Elucidate the basis difference in between void and voidable contract.
3. why is necessary two or more pasties to make a contract –
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4. Which of the elements must not include in free-consent –
5. What do you mean by proposal according to section 2(a) of Indian contract act, 1872-
6. The advertisement for auction are proposals – If not, what these are –
7. Explain the meaning of ‘express’ and ‘implied’ acceptance.
8. what do you understand by capacity to contract of the partner –
9. What must be the minimum age of male/ in general circumstance –
11. What do you mean by substitution –
12. To whom is called for idiots, lunatic, drunkard, senif and hypnotized persons –
13. why an alien enemy is called person disqualisfied by law under the Indian contract act –
14. Explain basic difference in between ‘fraud’ and ‘Misrepresentation’.
15. In which class of no frees consent of parties, the contracts made with pardanashin women
16. Define consideration –
17. Understand the ‘Maintenenace’ and ‘CHamperty’.
18. ‚A promises with natural love and affection is valid.- Explain.
19. What do you meany by the wagering agreements –
20. Why the agreements to do impossible acts are void, under section 56
21. what do you mean understand by actual performance of a contract –
22. What will be the basis to calculate the reasonable time for the performance of a contract-
23. What is mean by ‘Reciprocal promised’-
24. ‚Time is the essence of contract.- Explain.
25. What do you meany by ‘specific performance’-
Section – B
Short answer type questions :
1. Describe in brief, the main sources of Indian business law.
2. Explain the various objectives beyond the formation of Indian contract act.
3. Define the following definfitions in the context of Indian contract act –
4. A contract is an agreement upon a sufficient consideration
5. Of which rule is related to the case of lalman shukla v/s gauri dutt –
6. Enumerate the exceptions in which contract is valid even through it is one sided
7. A contract with a minor is void.
8. Write short notes on the following – Communication of proposal is necessary.
9. Many documents are such which appear to be the proposals
10. When the communication of acceptance is completed – Enumerate it point to point.
11. When and upto revocation of proposal and acceptance may be made –
12. Describe the persons of unsound minded persons.
Section – C
Essay type Questions :
1. Contract is an agreement enforceable by law.
2. Which are the agreements cannot be the contract till these are in written and registered –
3. Elucidate the meaning of proposal. Discuss the legal rules relating to a proposal.
4. What do you understand by the acceptance of a proposal –
5. Understand in brief the related rules regarding the parties not competent to enter into the contract
6. What do you mean by coercion – distinguish between coercion and undue influence.
7. What is meany by mistake – discuss the mistakes of facts and law.
8. To get something for something is consideration discuss and enumerate the essential
9. Under the contract of bailment describe the duties / liabilities of a bailo
10. What is bailment – what are the rights and duties of a bailor – explain.
11. Can commercial agent be pledge the goods of his/her owner ? If yes, in which circumstance he/she can do so ?
12. Who many appoint an agent, under section 183 of Indian contract act,1872? ‘
13. By explaining the term ‘Agency’, define it.
14. what do you mean by ‘Irrevocable agency’?
15. ‚Factor is also a form of an agent?. Explain.
16. Enumerate the meaning of undisclosed employer clearly.
17. What do you mean by sale of goods ?
18. When a transfer of ownership in ‘sale ’ and ‘Hire – purchase’ is justified
19. Elucidate the basic distinction in between sale and bailment ?
20. Define the price as per sale of goods act.
21. What do you mena by condition under the contract of sale of goods ?
22. Define the term warranty.
23. Explain the meaning of delivery of goods, under the sale of goods act, 1930.
24. Who is unpaid seller? describe.
25. what do you understand by lien.