1. a) “All contracts are agreements and all agreements are not contracts.” Comment.

b) A wanted to buy the steel utensils owned by B. At a dinner party A asks B for the price of the
utensils, saying that he might buy 10 serving bowls and serving spoons. B quotes the price.
Later on, A sent a text message to B saying he would like to buy three serving bowls and five
serving spoons. But because of a typographical error the message got sent as “send the serving
bowls and five serving spoons”. B sent 10 serving bowls and five serving spoons. A returned
five serving bowls.
Discuss the validity of the agreement between A and B.

2. a) Define Bailment & pledge. Also, trace the difference between the two.

b) As T was going out of station, S agrees to look after his opium-cultivation, which was not
allowed in law, and also his business of bakery shop. For this service T promises to give him a
salary of Rs. 8000/- per week. In accordance with the provisions of the Indian Contract Act,
examine the validity of the agreement between S and T.
3. a) What do we mean contract of indemnity and guarantee. Differentiate between the two.

b) Alok has entered into a contract with Mansi for selling his scooter to her. The terms and
conditions of the contract are fixed. Before execution of the contract Alok asks Mansi if she is a
minor, to which she answers in the negative. After gaining possession of the scooter, Alok files
a suit in the court for the money that Mansi owes him. Mansi pleads that she is a minor and
therefore, the agreement is void. Is Mansi entitled to plead her minority? Explain.

4. Who is an agent? Explain the various types of Agents? What are the duties and rights of an
agent?
5. Comment on any two the following:
a) Void Agreement and Void Contract.
b) Legal Insanity.
c) Liquidated damages and penalty.
d) Types of contract on basis of execution.