BCOC – 133 ignou cbcs solved assignment BUSINESS LAW B.Com

BCOC – 133 ignou cbcs solved assignment BUSINESS LAW B.Com

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Section – A
1) Explain briefly the law relating to communication of offer, acceptance and revocation. Is
there any limit of time after which an offer cannot be revoked?
(10)
2) “Insufficiency of consideration is immaterial, but a valid contract must be supported by
lawful and real consideration.” Comment.
(10)
3) Enumerate the different types of partners and briefly explain the extent of their liabilities. (10)
4) “No seller of goods can give to the buyer a better title than he himself has”. Explain this
rule. Are there any exceptions to this rule?
(10)
5) Discuss the essentials of a contract of bailment and state the rights and duties of a bailee. (10)

Section – B
6) Define the term “proposal”. Discuss the essentials of a valid offer. (6)
7) Define mistake and explain various types of mistakes. (6)
8) Describe the rights and liabilities of partners on dissolution of a firm. (6)
9) Distinguish between the right of lien and stoppage-in-transit. (6)
10) Discuss the common features among promissory note, bill of exchange and cheque. (6)
Section – C
11) Distinguish between :
(i) Coercion and undue influence
(ii) Fraud and Misrepresentation
(5)
12) “An agreement in restraint of trade is void”. Examine this statement mentioning
exceptions, if any.
(5)
13) What can’t be a partner of a Limited Liability Partnership? (5)
14) Explain the essentials of valid contract of sale. (5