Business Law Notes for B.Com Part 2 / B.Com (Part-II) / B.Com (Hons) / ADP / ADC / BS (Accounting and Finance) / BBA / BS (Commerce) / BS (IT). Students of B.Com Part 2 / B.Com (Part-II) / B.Com (Hons) / ADP / ADC / BS (Accounting and Finance) / BBA / BS (Commerce) / BS (IT) Level of any University recognized by Higher Education Commission (HEC), Islamabad belonging to any province i.e. Punjab, Sindh, KPK, Balochistan and Azad Kashmir and can get benefit from these notes. By studying our notes, we can guarantee you for getting maximum marks in your exams.
Business Law Notes for B.Com Part-II / ADP / ADC / BBA / BS (Commerce, Accounting, IT, Finance)
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Complete Book Business Law Short Questions With Answer
Guess Paper of Business Law for Annual Exam
Solved Past Annual Paper of Business Law for Punjab University
Past Annual and Supplementary Paper
Chapter Wise Long Questions and Short Questions with Answers
Chapter # 01 – Contract and its Kinds
Long Questions
- Define contract. Discuss essential elements of a valid contract.
- Define contract. Discuss Kinds of Contract in detail.
Chapter # 02 – Offer / Proposal and Acceptance
Long Questions
- Define Offer /proposal and Acceptance. Discuss essential elements of a valid proposal and Acceptance.
- Discuss rules regarding revocation of proposal and acceptance. Also explain different modes of revocation of a proposal.
Chapter # 03 – Consideration and Object
Long Questions
- Define consideration. Briefly explain the exceptions to the rule “no consideration, no contract”.
- Discuss the consideration and objects that are regarded as unlawful.
Chapter # 04 – Capacity of Parties / Capacity to Contract
Long Questions
- What do you understand by capacity to contract? Explain the provisions of law relating to minor’s and unsound mind agreement.
Chapter # 05 – Free Consent
Long Questions
- What do you understand by the term free consent? What effects of unfree consent on contract.?
Chapter # 06 – Void Agreement
Long Questions
- What is a void agreement? What agreements are expressly declared void under the contract Act?
Chapter # 07 – Contingent and Quasi / Constructive Contracts
Long Questions
- Define a contingent contract? Explain it essentials and discuss the rules regarding performance of contingent contracts.
- Define a quasi contract? When law imposes the obligation of contracts.
Chapter # 08 – Performance of contract
Long Questions
- Discuss the general rules as to performance of contract.
Chapter # 09 – Discharge of contract
Long Questions
- What do you understand by the term discharge of contract? Explain various modes of discharge of contract.
Chapter # 10 – Breach of contract
Long Questions
- What is breach of contract? Discuss the remedies available to an aggrieved / injured party on the breach of contract.
Chapter # 11 – Indemnity and Guarantee
Long Questions
- Define a contract of indemnity. What are the rights of indemnity holder when sued? When does indemnifier’s liability commence?
- What rights and Liabilities are available to a surety under a contract of guarantee?
- Explain the various kinds of Guarantee and Explain the various ways in which a surety is discharged from his liability.
Chapter # 12 – Bailment and Pledge
Long Questions
- Define and explain essential elements of contract of bailment and pledge. Differentiate a pledge from bailment.
- Explain the rights and duties of Bailor and Bailee.
- Kindds of Bailment, Termination of Bailment
- Rights and Duties of Pledgor and Pldegee , Pledge by Non-Owner
Chapter # 13 – Contract of Agency
Long Questions
- Define and explain contract of agency. Also explain the various kinds of agents.
- Explain various ways in which an agency can be created and agency is terminated.
- Rights and Duties of Principal and Agent
Chapter # 14 – Contract of Sale of goods
Long Questions
- Define contract of sale, its essential and differentiate from agreement to sell
Chapter # 15 – Conditions and Warranties
Long Questions
- Define a condition and a warranty. Differentiate between these two. Explain when a breach of condition can be treated as a breach of warranty.
- Implied Conditions and Implied Warranties, Rules of Doctrine of Caveat Emptor and its Exceptions
Chapter # 16 – Unpaid Seller
Long Questions
- Define Unpaid Seller and its Rights against Goods and Buyer
Chapter # 17 – Carriage of Goods by Land
Long Questions
- Define common Carrier with its essential features and Differentiate between Common Carrier and Private Carrier.
- Define common Carrier and Discuss its Rights, Duties and Liabilities
- Define common Carrier and Discuss Duties and Liabilities of Railway as a Common Carrier
Chapter # 18 – Carriage of Goods by Sea
Long Questions
- Define Bill of Lading and Charter Party Explain its contents, Kinds and Differentiate Between Them.
Chapter # 19 – Negotiable Instruments
- Definition of Negotiable Instruments, Features and difference between Promissory Note and Bill of Exchange
- Definition of Negotiable Instruments, Features and difference between Cheque and Bill of Exchange
- Define Holder , Holder in Due Course and Privileges of Holder in due course
Long Questions
