BUSINESS&COMMERCIALLAW

Timeallowed1hours
Totalmarks100

[N.B. The figures in the margin indicate full marks. Question must be answered in English. Examiner will
takeaccountofthequalityoflanguageandofthewayinwhichtheanswersarepresented.Different
parts,ifany,ofthesamequestionmustbeansweredinoneplaceinorderofsequence.]

Marks
1. Allcontractsareagreementsbutallagreementsarenotcontracts:explain.
8

2. Explainthetermsoundmindinthelawofcontract?
7

3. Whatisagencybyratification?Whataretherequisitesofavalidratification?
8

4. WhatarethedifferencesbetweenContingentContractandQuasiContract?
6

5. Discussinbriefhowanagencymaybeterminatedbyoperationoflaw?
7

6. Definecontractofsaleofgoods.Mentiontheessentialsofacontractofsale.
8

7. Explaintherightsofanunpaidselleragainstthebuyer.
7

8. DefineBailment?WhataretherightsofaBailee?
7

9. DescribetheconsequencesincaseofnonregistrationofaPartnershipFirm.
6

10. WhataretheessentialrequisitesofaPromissoryNote?
5

11. WhatarethedistinctionsbetweenChequesandBillsofExchange?
5

12. DescribethecaseswhichareconsideredasActsofBankruptcy.
10

13. WhatdoyouunderstandbyprotectedTransactionsincaseofbankruptcy?
6

14. What do you mean by an `award? What are the grounds on which the court can modify or
correctanaward?
10

TheEnd