CS Final Group II : Banking and Insurance Law and Practice - June 2004

This Paper has 30 answerable questions with 0 answered.
Roll No……………
Time allowed : 3 hoursMaximum marks : 100
Total number of questions : 8Total number of printed pages : 4
Part—A
(Answer Question No.1 which is compulsory and any two of the rest from this part.)
Marks
1.(a)8 (0)
 (b)2 (0)
 (c)4 (0)
 (d)Ram & Co. sold goods for Rs.20 lakh to Shyam & Sons on 90–day D/A basis. The drawee accepted the bill and got it discounted by the drawer (Ram & Co.) with their bankers. One month after the date of acceptance of the bill, Shyam & Sons (the drawee) returned the entire goods to the drawer stating that they were of low quality and thought that they were no more liable on the accepted bill. When the bill remained unpaid, the bank demanded the bill amount from the drawee and filed a suit on the drawer and the drawee. In the light of above, answer the following :2each 
  (i)   (0)
  (ii)   (0)
  (iii)   (0)
2.(a)8 (0)
 (b)7 (0)
3.(a)8 (0)
 (b)7 (0)
4.Attempt any three of the following : 5each 
 (i)  (0)
 (ii)  (0)
 (iii)  (0)
 (iv)  (0)
Part—B
(Answer Question No.5 which is compulsory and any two of the rest from this part.)
5.(a)Fill in the blanks (Attempt any four) :1each 
  (i)   (0)
  (ii)   (0)
  (iii)   (0)
  (iv)   (0)
  (v)   (0)
 (b)6 (0)
 (c)6 (0)
 (d)State with reasons whether the following statements are true or false (Attempt any two) :2each 
  (i)   (0)
  (ii)   (0)
  (iii)   (0)
6.(a)8 (0)
 (b)7 (0)
7.(a)8 (0)
 (b)7 (0)
8.(a)8 (0)
 (b)7 (0)