Acceptance to an offer must be absolute and unqualified. Explain.
Explain the provision of law and illustrations for the statement: 'Two or more persons are said to consent when they agree on the same thing in the same sense.'
What remedies are available to an aggrieved party on the breach of a contract?
What is bailment? How does it differ from pledge? Discuss the duties and rights of the bailor in respect of goods bailed.
What are the ways in which the relations of agency arise? When can an agent sue or be sued personally on contract entered into by him on behalf of principal?
Define a negotiable instrument and mention its characteristics. What are the presumptions as to negotiable instruments?
Distinguish between a holder and holder in due course.
Distinguish between bill of exchange and promissory note. Give a specimen of a promissory note.
Define partnership and partnership deed. Explain the main elements of a partnership. Under what circumstances may a partnership firm be dissolved by the court?
What do you understand by performance of a contract?
What is breach of contract?
What remedies are available to an aggrieved party on the breach of Contract? State the principles on which damages are assessed for breach of contract.