BUSINESS & COMMERCIAL LAW

Time allowed 1 hours

Total marks 100
[N.B The figures in the margin indicate full marks. Questions must be answered in English.
Examiner will take account of the quality of language and of the manner in which the
answers are presented. Different parts, if any, of the same question must be answered in one
place in order of sequence.]
Marks
1. An Agreement enforceable by law is a contract explain.

2. What do you understand by capacity of parties? Is it essential for a valid contract?

3. Define and distinguish between indemnity and guarantee.

10

4. What is bailment? Classify Bailment.

5. Explain implied conditions and warranties in contracts for sale of goods.

10

6. Who is unpaid seller? Point out the rights of unpaid seller.

7. Distinguish between check and bill of exchange. What do you understand by Holder in due course?

10

8. Which acts are considered as act of bankruptcy? Against whom can a bankruptcy proceeding be
initiated?
6+4=10
9. What are the modes of Arbitration? What do you mean by remitting the award?

3+4=7

10. What is an offer & acceptance? When will an acceptance be valid?

11. Identify the four ways in which an agency can arise.

12. How is a contract of sale made? Present the basic distinction between sales & an agreement to sell.

10

13. What is partnership? Discuss in short the different classes of partnership.

The End

3+5= 10