VINAYAKA MISSIONS RESEARCH FOUNDATION

SCHOOL OF ARTS AND SCIENCE, AVIT CAMPUS, CHENNAI

DEPARTMENT OF BUSINESS ADMINISTRATION

Course Title: BUSINESS LAW

QUESTION BANK

UNIT – I
PART – A (2 MARKS)

1. Define contract.
2. What is agreement?
3. What do you mean by a void agreement?
4. Define voidable contract.
5. Write short note on implied contract?
6. Specific offer means what?
7. Define consideration.
8. What do you understand by ‘capacity to contract’?
9. How you describe “fraud”?
10. What is free consent?
11. State lawful object.
12. What do you mean by quasi-contract?
13. When is communication complete on offer?
14. When does an offer come to an end? Give examples.
15. How rejection of offer can be communicated?
PART – B (5 MARKS)

1. What are the essential elements of a valid contract?

2. Explain the classification of contracts?
3. What is an offer? Explain the types,
4. “A contract without consideration is void”. Comment.
5. Discuss the law relating to competence of parties to enter into a valid contract.
6. Distinguish between coercion and undue influence.
7. Discuss the legal rules in respect of minor’s agreement.
8. Explain the law relating to competence of parties to a contract with suitable
examples.

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 9. What is an illegal agreement? Write detail about the effects of illegality?
10. What are immoral agreements? Elaborate why are they bad in law?

PART – C (10 MARKS)

1. “All contracts are agreement but all agreements are not contract” – why?
2. Explain the legal rules as to offer and acceptance?
3. Explain the legal rules as to consideration?
4. What is free consent? When will consent be considered not free?
5. Name some persons, other than minors, who are not competent to contract –
Discuss in detail.
UNIT – II

PART – A (2 MARKS)

1. Define performance of contract.

2. What is tender?
3. On what sutivation operations of law take place?
4. What are reciprocal promises?
5. Write a brief note on vindictive damages?
6. What do you meant by quantum meruit?
7. What is injunction?
8. What do you understand by ‘discharge of a contract’?
9. State some difference between ordinary and nominal damages.
10. Write a short note on waiver?
11. Define rescission.
12. What is assignment of contract?
13. Who can demand performance of contract?
14. How alteration takes place in contract?
15. How you describe “breach of contract”?

PART – B (5 MARKS)

1. By whom shall contract be performed?

2. Who can demand performance?
3. Explain the different types of damages awarded for the breach of contract.
4. Explain the circumstances under which a claim upon quantum merit will arise.
5. What remedies are available to an affected party on the breach of contract?
6. What are the various ways in which a contract may be discharged?
7. Explain breach of contract as a mode of discharge of contract.
8. Under what circumstances need a contract not be performed – Discuss with
suitable examples.

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 9. Detail the principles on which damages are awarded on the breach of a contract.
10. What do you mean by assignment of contract? What conditions should be fulfilled
for assignment of contract? What is assignment by operation of law?

PART – C (10 MARKS)

1. Explain the provisions of the Indian Contract Act in respect of time and place of
performance of a contract?
2. Elaborate performance of contract under various sutivation it is used.
3. Discuss the remedies that are available to the affected party in case breach of
contract.
4. Explain in detail the different modes by which a contract may be discharged.
5. “Impossibility of performance is as a rule not an excuse for non-performance of a
contract”. Discuss.
UNIT – III

1. Who can employ an agent?

2. Write a brief note on rules of agency.
3. Who is sub-agent?
4. What do you mean by substituted agent?
5. Mention the difference between sub-agent and substituted agent.
6. Give some difference between agent and servant.
7. List any three rights of bailor.
8. What do you mean by irrevocable agency?
9. Write some types of agents?
10. How a relationship of principal and agent may arise?
11. What do you understand by a Del credere agent?
12. Define bailment.
13. Who is a bailor?
14. What is a particular lien?
15. What do you mean by finder of goods?
PART – B (5 MARKS)

1. State the duties of an agent to his principles?

2. Distinguish between sub-agent and substituted agent.
3. Elaborate the different kinds of agent.
4. Detail the various ways in which the relation of agency arises.
5. When does a bailment come to an end illustrate with suitable examples.
6. When is an agency terminated by the operation of law?
7. Explain the circumstances in which bailment can be terminated.
8. What are the classifications of bailment?
9. What are the rights of Pawnee?

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 10. What are the rights of a finder of goods?

PART – C (10 MARKS)

1. Explain the rights and duties of an agent?

2. Discuss the different modes of termination of agency.
3. Explain the various modes of creation of an agency.
4. Explain the rights and duties of the bailor.
5. Explain the rights and duties of the bailee.

UNIT – IV

PART – A (2 MARKS)

1. What do you mean by contract of sale of goods?

2. What is subject-matter of sale?
3. List out the essentials of contract of sale.
4. Mention the different kinds of goods.
5. Write short notes on dock warranty.
6. What is bill of landing?
7. What do you mean by harbinger’s certificate?
8. Write the role of price in contract of sale.
9. What is C.I.F. contract?
10. List out any three duties of buyer.
11. Expand F.A.S contract.
12. What is an auction sale?
13. What do you mean by delivery of goods?
14. Write any two duties of seller.
15. Who is an unpaid seller?

PART – B (5 MARKS)

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

2. State the exceptions to the rule ‘caveat emptor’.
3. Explain the rights of a buyer.
4. Explain the duties of buyer.
5. Distinguish unpaid seller’s right of lien from his right of stoppage in transit.
6. Explain the rules regarding auction sale.
7. When does ‘sale or return’ become sale?
8. Define the term ‘goods’. Describe the different types of goods

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 9. How price is fixed in a contract of sale? If a price is not determined by the parties,
what price, if any, is the buyer liable to pay?
10. Explain the conditions and warranties implied by law in a contract for the sale of
goods.

PART – C (10 MARKS)

1. Distinguish between a sale and an agreement to sell.

2. Does the sale of goods act provide for any rules as to delivery of goods? If so,
what are they?
3. Detail the rules regarding sale by auction with suitable illustration.
4. Discuss in detail about the duties of buyer on sale of goods.
5. Discuss the rights of an unpaid seller.

UNIT – V

PART – A (2 MARKS)

1. Define partnership
2. Who can be a partner?
3. If a minor can become a partner what happen?
4. Is that alien enemy can enter into a contract?
5. What do you mean by particular partnership?
6. What is partnership at will?
7. Who is called as sleeping partner?
8. Mention any three general duties of partners.
9. What is dissolution of a firm’?
10. List out any four types of partners.
11. What do you mean by good will?
12. What is ‘dissolution of partnership’?
13. Mention the rights of the retired partners not to carry on competing business.
14. Who is a partner in profits only?
15. State any two grounds under which a firm may be compulsorily dissolved.

PART – B (5 MARKS)
1. What are essential elements of partnership?
2. What is particular partnership? For what purposes can it be used?
3. Explain the classification of partners.
4. Explain the classification of partnership.
5. What is partnership deed? State its main contents.
6. What are the effects of non-registration of a firm?

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 7. Distinguish between ‘dissolution of a firm’ and ‘dissolution of partnership’.
8. Elaborate the rights and obligations of a partner after dissolution of a partnership
9. Distinguish between a partnership and co-ownership in detail.
10. Discuss the procedure for the registration of a firm, and for recording subsequent
changes?

PART – C (10 MARKS)

1. State the classification of partners and partnership.

2. Distinguish between a partnership and joint stock company.
3. Discuss the rights and duties of partners between themselves.
4. Discuss the different modes of dissolution of a firm.
5. What are the rights and liabilities of partners after the dissolution of partnership?

VINAYAKA MISSIONS RESEARCH FOUNDATION

SCHOOL OF ARTS AND SCIENCE, AVIT CAMPUS, CHENNAI
DEPARTMENT OF BUSINESS ADMINISTRATION
MODEL QUESTION PAPER
BUSINESS LAW
PART-A (10 X 2=20)
1. Define contract.
2. What is agreement?
3. What is injunction?

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 4. What do you understand by ‘discharge of a contract’?
5. Give some difference between agent and servant.
6. List any three rights of bailor.
7. List out the essentials of contract of sale.
8. Mention the different kinds of goods.
9. What do you mean by good will?
10. What is ‘dissolution of partnership’?
PART-B (5 X 4=20)
11. A) What are the essential elements of a valid contract?
OR
B) “A contract without consideration is void”. Comment.
12. A) Explain breach of contract as a mode of discharge of contract.
OR
B) Under what circumstances need a contract not be performed – Discuss with
suitable examples.
13. A) Distinguish between a sale and hire-purchase agreement.
OR
B) Elaborate the different kinds of agent.
14. A) Define the term ‘goods’. Describe the different types of goods
OR
B) What are essential elements of partnership?
PART-C (10 X 3=30)
ANSWER ANY THREE
15. Name some persons, other than minors, who are not competent to contract –
Discuss in detail.
16. Elaborate performance of contract under various sutivation it is used.
17. Explain the rights and duties of the bailor.
18. Discuss the rights of an unpaid seller.
19. Discuss the rights and duties of partners between themselves.

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