Past Papers Business Corporate Law

By: Prof. Fazal Rehman Shamil

Guess Paper 1: Business Corporate Law Past Papers Fall – 2020

University Name – Confidential

NOTE: Q.1 is compulsory, attempt any four questions from the remaining. All questions carry equal marks. Phones and other Electronic Gadgets are not allowed.

Time Allowed: 3 hours

Total Marks:    70, Passing Marks (35)

Q.1 Differentiate between the following
a) Pledge and Mortgage
b) Contract and agreement (14)

Q.2 What is a sole proprietorship? Explain its advantages and disadvantages. (14)

Q.3 Elaborate on the parties to the contract and their intent to create contractual obligations. (14)

Q.4 Describe the ownership and management of the company. (14)

Q.5 Elaborate the process and effects of incorporation. (14)

Q.6 Discuss listed vs non listed companies. Also, write down their advantages and disadvantage.(14)

Q.7 Define negotiable instruments. Explain the characteristics of negotiable instruments (14)

Q.8 Write short notes on any two of the following: (7,7)
a) Breach of Contract
b) Delivery of goods
c) Bailment

Guess Paper 2: Business Corporate Law Past Papers Spring – 2020

University Name – Confidential

NOTE: Q.1 is compulsory, attempt any four questions from the remaining. All questions carry equal marks. Phones and other Electronic Gadgets are not allowed.

Time Allowed: 3 hours

Total Marks:    70, Passing Marks (35)

Q.1 Differentiate between the following
a) Void and valid contract
b) Civil law and Criminal law (14)

Q.2 What is Partnership? Differentiate it from a sole proprietorship. (14)

Q.3 Explain the essential elements of a valid contract. (14)

Q.4 Describe types of joint-stock companies by formation. (14)

Q.5 Define Contract of Sale. Elaborate the nature of the contract of sale. (14)

Q.6 What is Bank? Enlist and discuss various types of banks. (14)

Q.7 What are the rights, power, and duties of the Board of Directors (14)

Q.8 Write short notes on any two of the following: (7, 7)
a) Warranties
b) Bill of exchange
c) Hypothecation

Guess Paper 3: Business Corporate Law Past Papers Fall – 2019

University Name – Confidential

NOTE: Q.1 is compulsory, attempt any four questions from the remaining. All questions carry equal marks. Phones and other Electronic Gadgets are not allowed.

Time Allowed: 3 hours

Total Marks:    70, Passing Marks (35)

Q.1 Objective questions: (10)

1. A contract by which one party promises to save other from loss is termed as ______________
2. A __________ is a stipulation, the breach of which gives rise to a claim for damages but not a right to reject the goods.
3. In commercial agreements, the creation of legal obligations is optional. T/F
4. When obligations are performed completely the contract is said to be executed. T/F
5. A void agreement is violated may be liable for the suit. T/F
6. A partnership has no separate legal entity apart from its members. T/F
7. Sale of Goods Act came into force in:
a. 1872 b. 1930 c. 1932 d. 1934 e. None of them
8. In a contract of guarantee, the following No. of parties is involved.
a. 2 b. 3 c. 4 d. 5 e. None of them
9. Law of Partnership is contained in Partnership Act, which came into force in:
a. 1930 b. 1932 c. 1934 d. 1937 e. None of them
10. Characteristics of the partnership include all the following except:
a. Legal entity b. Agreement c. Sharing of profit d. Unlimited liability
e. Transfer of ownership

Q.2 Discuss listed vs. non listed companies. Also, write down their advantages and disadvantage. (15)
Q. 3 Define Partnership. What are the essentials of a Partnership? Explain in detail. (15)
Q. 4 What is the Performance of a Contract? State rules regarding Performance of Contract for Joint
Promise. (15)

Q.5 What is a letter of credit? Explain types of letters of credit in detail. (15)
Q.6 How a firm is dissolved? Discuss grounds on which a firm may be dissolved by the court. (15)
Q.7 Briefly discuss the role of the Securities and Exchange Commission of Pakistan as the corporate watchdog. (15)
Q.8 Write short notes on any two of the following: (15)

a) Negotiable instruments
b) Bill of exchange
c) Evolution of Banks

Guess Paper 3: Business Corporate Law Past Papers Spring – 2019

University Name – Confidential

NOTE: Q.1 is compulsory, attempt any four questions from the remaining. All questions carry equal marks. Phones and other Electronic Gadgets are not allowed.

Time Allowed: 3 hours

Total Marks:    70, Passing Marks (35)

Q.1 Differentiate between the following
a) A valid and voidable contract
b) Sole proprietorship and Partnership Marks (14)

Q.2 Define Law. What are the main classifications of law? Marks (14)

Q. 3 What is a contract? Explain the essential elements of a contract. Marks(14)

Q. 4 Define partnership deed. Also, discuss the rights and duties of partners. Marks (14)

Q.5 Describe the types of joint-stock companies. Marks (14)

Q.6 Briefly describe the Securities and Exchange Commission of Pakistan as a watchdog. Marks (14)

Q.7 Explain the contract of indemnity and contract of guarantee. Marks (14)

Q.8 Write short notes on any two of the following: Marks (7,7)
a) Concept of limited liability
b) Rights of shareholders
c) Types of letter of credit

Guess Paper 4: Business Corporate Law Past Papers Fall – 2019

University Name – Confidential

NOTE: Q.1 is compulsory, attempt any four questions from the remaining. All questions carry equal marks. Phones and other Electronic Gadgets are not allowed.

Time Allowed: 3 hours

Total Marks:    70, Passing Marks (35)

Q.1 Differentiate between the following
a) Contract and Agreement
b) Void and Voidable contract Marks (14)

Q.2 Explain the performance of a contract. Marks (14)

Q. 3 Differentiate partnership from sole proprietorship and company. Marks(14)

Q. 4 Briefly explain the concept of limited liability. It also describes the principles governing ownership of the firm’s assets and distribution of profits. Marks (14)Q.5 What is a letter of credit? Elaborate on different types of letters of credit. Marks (14)Q.6 What is a limited company? Also, mention the advantages and disadvantages of listing.
Marks (14)Q.7 Differentiate between bailment and pledge. Marks (14)Q.8 Write short notes on any two of the following: Marks (7,7)
a) Communication of offer and acceptance
b) Conditions and Warranties
c) Board of Directors

Prof. Fazal Rehman Shamil