BUSINESS & COMMERCIAL LAW

Time allowed - 1 hours

Total Marks 100
[N.B- The figures in the margin indicate full marks. Question must be answered in English. Examiner will take
account of the quality of language and of the way 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.

All contracts are agreements but all agreements are not contracts explain.

2.

A contract caused by mistake is void. explain

3.

What is pledge? State the rights and duties of Pawnee

2+5

4.

Explain the rule of Caveat Emptor.

5.

No one can give better title to the goods than he has himself Discuss the exceptions.

6.

An invitation to offer is not an offer elucidate the statement with examples.

7.

Point out the various modes by which an agency may be terminated.

8.

Define contract of sale of goods. Mention the essentials of a contract of sale.

2+5

9.

Define and distinguish condition and warranties.

2+5

10.

What are the grounds of dissolution of a Partnership firm?

11.

Can a minor be admitted to a partnership? If yes, then under what conditions?

12.

Define and distinguish between a cheque and bill of exchange.

3+4

13.

What is order of adjudication? What are the effects of adjudication under the Bankruptcy Act, 1997?

3+4

14.

What are those matters can not be referred to Arbitration?

15.

State the disqualifications of an undischarged bankrupt. Which properties are exempted property under the
Bankruptcy Act, 1997?

4+4

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