IGNOU BCOC-133 December 2025 Previous Year Question Paper

Q1.What do you mean by a contract ? Explain the essentials of a valid contract.

Q2.(a) What are necessaries ? When is a minor liable for a contract of necessaries ? 3+7

(b) Does silence express fraud ? Explain the consequences of fraud.

Q3.What do you mean by an_ unpaid seller ? What are the rights of an unpaid seller ?

Q4.(a) What is crossing of a cheque ? Explain various types of crossing of a cheque. 3+7

(b) What is meant by revocation of an offer ? Is there any time limit after which an offer cannot be revoked ? Explain.

Q5.Explain briefly the procedure for registration of a partnership firm. What are the consequences of non-registration ? Explain.

Q6.(a) In what cases a contract without consideration is not valid ? 10

(b) When can a bank refuse payment on a customer’s cheque ?

Q7.Explain in detail the rights and duties of an agent.

Q8.(a) Which characteristics of a limited liability partnership firm and a company are similar ? In what aspects does it differ from company ? 5+7

(b) Explain the meaning of goods.

Q9.Write explanatory notes on any two of the following : 2x10=20

(a) Wagering agreement

(b) Quantum meruit

(c) Difference between Promissory Note and Bills of Exchange

(d) Right of subrogation

(e) Subagent and Substitute agent