Download OU B.Com 5th Sem Business Law Important Questions

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Department of Commerce

Subject: BUSINESS LAW (B-LAW)

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Course: BCom. Group: Computers & Computer Applications Semester: V

UNIT-I

SHORT ANSWERS

1. Development of Business Law.
2. Agreement and Contract.

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3. Types of Contract.
4. “NO-CONSIDERATION, NO-CONTRACT".
5. Capacity to a contract.

LONG ANSWERS

1. Development of law in Independent India Contract Act-1872.

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2. Essentials of Valid Contract.
3. Essentials of Valid Consideration.
4. Communication and revocation of Offer & Acceptance.
5. Minors Agreements.

UNIT-II

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SHORT ANSWERS

1. Legality of Object and Consideration.
2. Wagering Agreements.
3. Discharge of Contract.
4. Breach of Contract.

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LONG ANSWERS

1. Agreements expressly declared to be void.
2. Contingent Contracts:
3. Modes of Discharge, Performance of Contract.
4. Breach of Contract & Remedies for Breach.

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UNIT-III

SHORT ANSWERS

1. Contract of Sale.
2. Sale & Agreement to sell.
3. CAVEAT EMPTOR.

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4. Unpaid Seller.
5. District Forum.

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LONG ANSWERS

1. Transfer or passing of property, Rules of transfer of property.

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2. Unpaid Seller-Rights of Unpaid Seller.
3. Consumer Protection Councils.
4. Consumer Disputes Redressal Agencies.
5. Procedure to lodge a complaint for Redressal.

UNIT-IV

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SHORT ANSWERS

1. Trade marks.
2. Rights of the Patentee.
3. Trade Secrets.
4. Rights of copyrights owner.

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LONG ANSWERS

1. Procedure for Registration of Trade marks.
2. Essential Conditions for copy rights to be protected.

UNIT-V

SHORT ANSWERS

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1. Objectives of Information Technology Act-2000.
2. Digital Signatures.
3. Object of Environment Protection Act-1986.
4. Electronic Governance.
5. Prevention of 1986.

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LONG ANSWERS

1. IT ACT-2000 & Electronic Governance.
2. Control and Abetment of Environmental Pollution.

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IMPORTANT TO BE KNOWN.

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1. Business Law/Mercantile Law.
2. Lawful Consideration.
3. Agreement not declared as Void.
4. QUID PRO QUE (“No Consideration- No Contract”)
5. Voidable Contract.

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6. Unenforceable Contract.
7. Contracts on the basis of Performance.
8. Cross Offer.
9. Counter Offer.
10. “Acceptance to an Offer is what a lighted match stick is to a train of Gun-powder”

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11. Free Consent.
12. Coercion.
13. Undue-Influence.
14. Misrepresentation.
15. Rescission.

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16. Novation.
17. Merging.
18. Anticipated Breach.
19. Actual Breach.
20. Attempted Performance.

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21. Suit for Injunction_ (Stay-order)
22. Suit for Quantum-meruit.
23. Reciprocal Performance.
24. Vindictive Damages.
25. Auction Sale.

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26. Knock-out Agreements.
27. Damping
28. Tenure
29. Cyber Law.
30. Adjudication.

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