BACHELOR'S DEGREE PROGRAMME
Important Questions for June’ 2015
Examination
ELECTIVE COURSE: COMMERCE ECO-5: Mercantile
Laws
Time: 2 hours
Maximum Marks: 50
You have to attempt only five out of total
nine questions. No Question is compulsory
It is advisable to complete at least 3 blocks and current
year assignment.
Indian Contract
Act Important Questions for June’ 2015 Exam (3 Questions are expected from
this)
1.
"All agreements are not contracts, but all contracts are agreements".
Discuss the statement explaining the essential elements of a valid contract.
2. What do
you mean by discharge of a contract?
Discuss the "Discharge by breach" with examples.
3. What do
you mean by “Breach of Contract”? Explain the remedies available to an
aggrieved party on breach of a contract.
4. Who is a minor? When can a minor enter into a valid contract?
What happens if a minor misrepresents his age?
5. What is mistake? What are the various types of mistakes? Is the
contract valid in case of a mistake?
6. Define
Consideration. Are there any cases where a contract without consideration is
valid? Explain with examples. (ASKED IN DEC’ 2014)
7. Who are competent to contract? Briefly explain the position of
minor under Indian law.
8. Define the term coercion and undue influence. What are the
essentials for coercion?
9. Distinguish between:
(a) Coercion and under influence
(b) Misrepresentation and fraud
(c) Void and Illegal
agreements (ASKED IN DEC’ 2014)
(d) 'Void agreements' and 'voidable contracts'.
10. What is the difference between void and voidable contracts,
and express and implied contracts? Mention at least six void agreements.
11."An agreement in restraint of trade is Void". Comment
on this statement mentioning the exceptions if any.
Sale of Goods Act
(Two Questions are expected from this)
1. Explain the rule of "Caveat Emptor". What are the
exceptions to this rule?
2. Who is
an unpaid seller? Explain his rights as against the goods and the buyer. (ASKED IN DEC’ 2014)
3. What is
“Sale” and “Agreement to sale”? Distinguish between them. (ASKED IN DEC’ 2014)
4. Discuss expressed and implied conditions in a contract of sale.
5. What is condition and warranty? Distinguish between them. In
what cases condition can be treated as warranty?
6. "No seller can pass a better title than he himself has". Explain this rule. Are
there any exceptions to this rule? Explain.
7. State briefly the rules regarding the transfer of ownership of
goods from seller to the buyer.
Indian Partnership
Act (Two Questions are expected from this)
1. What is partnership? What are its essentials?
2. How will you determine whether a group of persons constituted
partnership? Explain with examples.
3. Explain the procedure for registration of partnership firm. What
are the consequences of non registration?
4. What is the difference between dissolution of a partnership and
dissolution of a firm? What are the various circumstances in which a firm is,
or may be, dissolved?
5. What are the rights and duties of partners under Indian
Partnership Act?
6. Can a
minor be a partner in a partnership firm? Explain his rights and liabilities
(Position) under the law of partnership. (ASKED IN DEC’ 2014)
Some other most important questions (Two Questions are
expected from this)
1. Distinguish between a contract of Indemnity and a contract of
Guarantee.
2. Discuss the rights of the surety.
3. Discuss the circumstances under which surety is discharged from
his liability.
4. How agency can be
terminated.
5. Differentiate between bailment and
pledge. Discuss the duties of a bailee and bailor.
6. Define
bailment. What are the rights and obligations of finder of goods? (ASKED IN DEC’ 2014)
7. Explain
the circumstances when the agent becomes personally liable on the contracts
entered into by him on behalf of
his principal. (ASKED IN DEC’ 2014)