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Business Law BBA: 206-B Bba 4 SEM Question Bank: Unit-1

This document contains a question bank for a Business Law course divided into 4 units. It provides 15 mark questions on key concepts within each unit: 1. Unit 1 questions cover consideration in contracts, ways contracts can be discharged, breach of contract remedies. 2. Unit 2 examines property in goods, conditions vs warranties, caveat emptor rights. 3. Unit 3 focuses on bills of exchange, holders vs holders in due course, negotiable instruments types and parties. 4. Unit 4 addresses the Information Technology Act and offenses, Foreign Exchange Management Act provisions, electronic governance legal provisions.

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1K views2 pages

Business Law BBA: 206-B Bba 4 SEM Question Bank: Unit-1

This document contains a question bank for a Business Law course divided into 4 units. It provides 15 mark questions on key concepts within each unit: 1. Unit 1 questions cover consideration in contracts, ways contracts can be discharged, breach of contract remedies. 2. Unit 2 examines property in goods, conditions vs warranties, caveat emptor rights. 3. Unit 3 focuses on bills of exchange, holders vs holders in due course, negotiable instruments types and parties. 4. Unit 4 addresses the Information Technology Act and offenses, Foreign Exchange Management Act provisions, electronic governance legal provisions.

Uploaded by

monika
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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BUSINESS LAW

BBA: 206-B
BBA 4th SEM

QUESTION BANK
NOTE: All questions are of 15 marks

UNIT- 1

1. Bring out the necessary elements of consideration with the help of illustrative
examples in each case.
2. Explain the various ways through which a contract can be discharged with the help
of suitable examples.
3. Explain breach of contract. What are the remedies available to the aggrieved party in
case of breach of contract ?
4. What are the essential elements of a valid offer ? Explain, each of them with the help
of some illustrative examples in each case.
5. Define consideration. Which agreements are contracts even without consideration?
Does an agreement become void because consideration is inadequate?
6. What do you mean by ‘capacity of contracts’ ? Who are the various persons
regarded as incompetent by law to enter into the contract.
7. Write short notes on:
(a) Quasi contracts
(b) Performance of contracts
8. “All contracts are agreements but all agreements are not contracts.” Explain this
statement and discuss the essentials of a valid contract.

UNIT-2

1. What do you understand by the term ‘property in goods’ ? Explain the main
distinguishing features between ‘property in goods’ and possession of goods.
2. What are the main distinguishing features between ‘Condition’ and ‘Warranty’ ?
Under what circumstances can a breach of condition be treated as a breach of
warranty ?
3. What is the ‘doctrine of caveat emptor’ ? What are his rights against the goods and
the buyer personally?
4. Explain the term delivery and state the rules regarding valid delivery of goods.
5. Who is an unpaid seller? Explain the rights of unpaid seller.

UNIT-3

1. Write a note on ‘Bills of Exchange’ While both the cheques and bank drafts are bills
of exchange, what are the main distinguishing features between these two ?
2. Explain ‘holder’ and ‘holder-in-due course’ with suitable examples. What are the
main legal distinguishing features between a ‘holder’ and a ‘holder-in-due course’ ?
3. What is a Negotiable Instrument? Explain its types. What are the parties associated
with the negotiable instruments.
4. What do you understand by dishonour of negotiable instruments? Discuss the
modes and effects of dishonour.

UNIT-4

1. Illustrate the rationale behind the information Technology Act, 2000. What are the
powers of Cyber Appellate Tribunal under the Information Technology Act, 2000 ?
2. Which activities can be considered as offence under the information technology act
and what are the penalties thereof in IT Act ?
3. Write shorts notes on:
(a) Authorised person
(b) Procedure for appeal under ‘FEMA’
4. State the power of Reserve Bank to issue directions and inspect the authorised
person under the FEMA, 2000.
5. Write short notes on:
(a) Functions of controller in relation to regulation of certifying authority
(b) Duties of subscriber.
6. Explain the legal provisions of electronic governance,

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