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BRF - Nov 2020

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QP CODE: 20101140 Reg No : .....................

20101140
Name : .....................

B. COM DEGREE (CBCS) EXAMINATION, NOVEMBER 2020


Second Semester
Core Course - CO2CRT05 - BUSINESS REGULATORY FRAMEWORK
(Common for B.Com Model II Computer Applications,B.Com Model II Finance & Taxation,B.Com Model II
Marketing ,B.Com Model II Travel & Tourism,B.Com Model III Office Management & Secretarial Practice
,B.Com Model III Taxation,B.Com Model III Computer Applications,B.Com Model III Travel &
Tourism,B.Com Model I Computer Applications,B.Com Model I Co-operation,B.Com Model I
Marketing,B.Com Model I Finance & Taxation,B.Com Model I Travel & Tourism ,B.Com Model II Logistics
Management)
2017 ADMISSION ONWARDS
15E0026D
Instructions for private candidates only: This question paper contains two sections. Answer SECTION I
questions in the answer book provided. SECTION II Internal Examination questions must be answered in the
question paper itself. Follow the detailed instructions given under SECTION II.
SECTION I
Time: 3 Hours Max. Marks : 80
Part A
Answer any ten questions.
Each question carries 2 marks.

1. What are cross offers?

2. Explain the term restitution.

3. Define the term remission.

4. What is gratuitous bailment?

5. Can a pawnee sell the goods pledged on the default of the pawnor?

6. List out the situations of discharging the liabilities of the surety.

7. What is ostensible authority?

8. What is the meaning of Delegatus non-potestdelegare?

9. What is lien?

10. Define the term "condition" in Sale of Goods Act.

11. Who is merchantile agent?

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12. Who is an auctioneer?
(10×2=20)
Part B
Answer any six questions.
Each question carries 5 marks.

13. Differentiate coercion and undue influence.

14. When an object becomes unlawful?

15. When does a claim on quantum meruit arise?

16. Explain general lien with an example.

17. Distinguish between indemnity and guarantee.

18. Explain Agent, Principal and Agency.

19. Explain the exceptions to the general rule "delegatus non postestdelegare ".

20. Explain the duties of principal.

21. Distinguish between a sale and a hire-purchase agreement.


(6×5=30)
Part C
Answer any two questions.
Each question carries 15 marks.

22. Who is minor? Discuss the law relating to agreements made by a minor in india.

23. What are the rights and duties of the finder of lost goods?

24. Describe and illustrate the Sections 124 and 125 regarding the contract of indemnity.

25. List out any five requisites for valid ratification of agency .
(2×15=30)

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