Business Law 1

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Business Law is the law that applies to the rights, relations and conduct of persons and businesses engaged in trade, commerce and sales. Business Law includes bills of exchange, partnership, merchant shipping and so on.

Here we present Business Law Practice Question Paper Set 3:

Q.1) Explain the various authorities of partners. – 8 marks

Q.2) Define unpaid seller and state his various rights. – 7 marks

Q.3) Explain different kinds of contracts. – 8 marks

Q.4) Define company. State various advantages of doing business in the form of a company. – 7 marks

Q.5) Define Negotiable Instrument, define cheque, bills of exchange and distinguish between the two. – 8 marks

Q.6) Explain rights and duties of principal and agents. – 7 marks

Q.7) Define mortgage and give types of mortgages. – 8 marks

Q.8) Explain contract of surety or guarantee and explain continuing guarantee in detail. – 7 marks

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