SECTION 1

Q1. Mr. X went to a electronic shop to purchase a TV for his newly built house. He asked the information about Samsung 40 inches LED TV to the shop keeper. The shop keeper being a dealer of other brands misguide the customer stating that Samsung had planned to stop the production of 40 Inch LED TV's. The shopkeeper made the customer believed the same and advice him to purchase some other brand.

The act of Shop keeper is Restrictive trade practice or Unfair trade practices?

Q2. Mr. X invited Mr. Y his business partner for X's sisters marriage. Y accepted the invitation in this ground X booked a table in a costly hotel where the marriage takes place. Due to some reason Y could not attend the function. What type of contact is this. Is this a valid contract. Justify your answer.

Q3.a. Mr. A bought a printer from an electronics store for using it at home. The TV was defective. Is Mr. A a consumer?

Q4.A gives an offer in the newspaper for the sale of his HP laptop for Rs. 15000. He also stated that Those who are willing to purchase can send a message to his mobile."" In this simple case consider the following situation and discuss the solution:

Question:

a) B was interested to purchase the laptop and sent a message stating that he wish to purchase for 12000. Was it an acceptance is given by B-

b) B was interested to purchase the same but he asked C to message on behalf of B. and C messaged as follows

"My friend B is interested to purchase your laptop for 15000" . Here is this a valid Acceptance? is A binded by the acceptance.

c) B who is much interested in purchasing the laptop had called Mr.A and given the acceptance through his phone. Is A obliged for acceptance given by

Q5. On 1st March 2017, Alex agreed to sell his car to Beny for Rs. 80,000. It was agreed between themselves that the ownership of the car will transfer to B on 31st March 2017. when the car is gets registered in Beny`s name. Justify whether it is sale or agreement to sell.

Q6. Anay purchased a second hand typewriter from Balu. Anay used it for sometime and also spend some money on its repairs. The typewriter turned out to be stolen one and as such Anay had to return it to the true owner chand. Is it a breach of Warranty or not. What remedy will Anay get?

SECTION 2

MULTIPLE CHOICE QUESTIONS; Please provide a brief explanation

1.April is a college student who wants to open a bank account for the first time. She has $500 cash to

deposit in the account initially. The bank she chooses is not near her dorm, and it's difficult for her to get

there. She has a part-time job and receives a bi-weekly paycheck that will be directly deposited into her

account. Which of the following types of accounts should she ask for at the bank:

A. Checking C. Money market

B. Savings D. Certificate of deposit

2. What does an income statement show about a company over a period of time?

A. Profitability C. Equity

B. Reliability D. Liabilities

3. The numbers listed in a stock table's 52-week high and low column tell you

A. the best prices for the stock.

B. if the stock price is overvalued.

C. the range of prices for the year.

D. the range of where the stock price should be.

4. Which of the following is a true statement about ticker symbols:

A. They uniquely identify a company.

B. They tell you what kind of stock it is.

C. They are made up of the first three letters of a company's name.

D. They are only given to companies on the New York Stock Exchange.

5. Which of the following is an example of a lending investment:

A. Stocks C. Antiques

B. Homes D. Bonds

6. Bennett has just finished college and has moved into her own apartment that is located on a bus line.

She'll be able to take the bus to her new job that she's scheduled to start in a month. In fact, she'll need

to rely on bus transportation until she saves money to buy a car. What insurance coverage should she

have?

A. Renter's insurance and temporary short-term health insurance

B. Health and life insurance

C. Renter's insurance and COBRA

D. Auto insurance and temporary short-term health insurance

7. A labor strike against a major employer is an example of a(n) __________ risk.

A. human C. economic

B. natural D. internal

8. What type of financial records do businesses need to maintain in order to keep track of their

transactions?

A. Tax identification C. Payroll information

B. Accounts receivable D. Operating procedure

9. Which of the following is the basic calculation used to analyze an income statement:

A. Assets minus liabilities C. Income minus expenses

B. Revenue plus sales D. Sales plus operating costs

10. Which of the following is a common financial-information management problem:

A. Multiple financial data sources and systems within an organization

B. Overreliance on a master source and system for financial data

C. Strict organizational data governance policies and processes