Business Law Notes for B.Com (Part-II) / ADP / ADC / BBA / BS (Commerce)

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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[su_spoiler title=”Business Law Important Short and Long Questions” open=”no” style=”fancy” icon=”plus” anchor=”” class=””]

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[su_spoiler title=”Important Multiple Choice Questions (MCQs) With Answer” open=”no” style=”fancy” icon=”plus” anchor=”” class=””]

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[su_spoiler title=”Complete Book Business Law Short Questions With Answer” open=”no” style=”fancy” icon=”plus” anchor=”” class=””]

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[su_spoiler title=”Guess Paper of Business Law  for Annual Exam ” open=”no” style=”fancy” icon=”plus” anchor=”” class=””]

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[su_spoiler title=”Solved Past Annual Paper of Business Law for Punjab University ” open=”no” style=”fancy” icon=”plus” anchor=”” class=””]

Solved Annual Paper of Business Law For B.Com Part – II  Punjab University

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[su_spoiler title=”Past Annual and Supplementary Paper ” open=”no” style=”fancy” icon=”plus” anchor=”” class=””]

Punjab University

Annual 

  1. 2014
  2. 2015
  3. 2016
  4. 2017
  5. 2018
  6. 2019
  7. 2020

Supplementary 

  1. 2014
  2. 2015
  3. 2016
  4. 2017
  5. 2018
  6. 2019

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[su_spoiler title=”Chapter Wise Long Questions and Short Questions with Answers ” open=”no” style=”fancy” icon=”plus” anchor=”” class=””]

Chapter # 01 – Contract and its Kinds 

Long Questions 

  1. Define contract. Discuss essential elements of a valid contract.
  2. Define contract. Discuss Kinds of Contract in detail.

Chapter # 02 – Offer / Proposal and Acceptance

Long Questions

  1. Define Offer /proposal and Acceptance. Discuss essential elements of a valid proposal and Acceptance.
  2. Discuss rules regarding revocation of proposal and acceptance. Also explain different modes of revocation of a proposal.

Chapter # 03 – Consideration and  Object

Long Questions

  1. Define consideration. Briefly explain the exceptions to the rule “no consideration, no contract”.
  2. Discuss the consideration and objects that are regarded as unlawful.

Chapter # 04 – Capacity of Parties / Capacity to Contract

Long Questions

  1. 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

  1. What do you understand by the term free consent? What effects of unfree consent on contract.?

Chapter # 06 – Void Agreement

Long Questions

  1. What is a void agreement? What agreements are expressly declared void under the contract Act?

Chapter # 07 – Contingent and Quasi / Constructive Contracts

Long Questions

  1. Define a contingent contract? Explain it essentials and discuss the rules regarding performance of contingent contracts.
  2. Define a quasi contract? When law imposes the obligation of contracts.

Chapter # 08 – Performance of contract 

Long Questions

  1. Discuss the general rules as to performance of contract.

Chapter # 09 – Discharge of contract 

Long Questions

  1. What do you understand by the term discharge of contract? Explain various modes of discharge of contract.

Chapter # 10 – Breach of contract 

Long Questions

  1. 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

  1. Define a contract of indemnity. What are the rights of indemnity holder when sued? When does indemnifier’s liability commence?
  2. What rights and Liabilities are available to a surety under a contract of guarantee?
  3. 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

  1. Define and explain essential elements of  contract of bailment and pledge. Differentiate a pledge from bailment.
  2. Explain the rights and duties of Bailor and Bailee.
  3. Kindds of Bailment, Termination of Bailment
  4. Rights and Duties of Pledgor and Pldegee , Pledge by Non-Owner

Chapter # 13 – Contract of Agency

Long Questions

  1. Define and explain contract of agency. Also explain the various kinds of agents.
  2. Explain various ways in which an agency can be created and agency is terminated.
  3. Rights and Duties of Principal and Agent

Chapter # 14 – Contract of Sale of goods

Long Questions

  1. Define contract of sale, its essential and differentiate from agreement to sell

Chapter # 15 –  Conditions and Warranties

Long Questions

  1. Define a condition and a warranty. Differentiate between these two. Explain when a breach of condition can be treated as a breach of warranty.
  2. Implied Conditions and Implied Warranties, Rules of Doctrine of Caveat Emptor and its Exceptions

Chapter # 16 – Unpaid Seller 

Long Questions

  1. Define Unpaid Seller and its Rights against Goods and Buyer

Chapter # 17 – Carriage of Goods by Land 

Long Questions

  1. Define common Carrier with its essential features and Differentiate between Common Carrier and Private Carrier.
  2. Define common Carrier and Discuss its Rights, Duties and Liabilities
  3. Define common Carrier and Discuss Duties and Liabilities of Railway as a Common Carrier

Chapter # 18 – Carriage of Goods by Sea

Long Questions

  1. Define Bill of Lading and Charter Party Explain its contents, Kinds and Differentiate Between Them.

Chapter # 19 – Negotiable Instruments

  1. Definition of  Negotiable Instruments, Features and difference between Promissory Note and Bill of Exchange
  2. Definition of  Negotiable Instruments, Features and difference between Cheque and Bill of Exchange
  3. Define Holder , Holder in Due Course and Privileges of Holder in due course

Long Questions

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