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Important Questions for "business law":

[1]

  1. Define the term 'contingent contract'.
  2. Explain with illustration the 'Rule of Caveat Emptor'.
  3. How does a contract differ from quasi-contract? Enumerate the different kinds of quasi-contracts provided in the Indian Contract Act.

[2]

  1. Give the difference between 'Meetings' and 'Winding up'.
  2. Differentiate between 'Bill of Exchange' and 'Cheque'.
  3. Comment on why registration of partnership firm is not compulsory but desirable.

[3]

  1. The liability of surety is coextensive with that of principal debtor. Comment.
  2. Discuss sharing of profit in partnership as prima facie evidence and not a conclusive proof.
  3. What are the rules as to the passing of property from the seller to the buyer in a contract for the sale of goods?

[4]

  1. What are the essential characteristics of a partnership?
  2. What are the exceptions to the rule that an agreement without consideration is void? Explain.
  3. Define sale. What are the essential features of a sale? Give the difference between a sale and a hire purchase agreement.

[5]

  1. Comment on the registration of partnership firm being not compulsory but desirable.
  2. Define partnership and its essential characteristics.
  3. What is meant by Implied Authority of a Partner?

[6]

  1. Define a contract. What are the elements of a valid contract?
  2. What is an offer? Explain the types.
  3. Who is an unpaid seller? When can such a seller exercise his right of lien against the goods? Explain the rules for exercising the right of lien by an unpaid seller.

[7]

  1. Write short notes on contingent contract and indemnity contract.
  2. Explain different types of goods under the Sale of Goods Act.
  3. Explain different types of partnership and distinguish between partnership and limited liability partnership.

[8]

  1. Explain the phrase 'Let the buyer be aware'.
  2. Discuss the role of the Sale of Goods Act, 1930 in sales and marketing.
  3. Define negotiable instruments and differentiate between bill of exchange and cheque.

[9]

  1. Explain the features of Partnership.
  2. Define bailment and state the duties of a bailor and a bailee.
  3. What is 'partnership deed'? What are the essential elements of a partnership deed? Discuss the rules which are applicable in the absence of the partnership deed.

[10]

  1. An agreement enforceable by law is a contract. Explain this statement illustrating the essential elements of a valid contract.
  2. What is bailment? How does it differ from pledge? Discuss the duties and rights of the bailor in respect of goods bailed.
  3. Differentiate between holder and holder in due course.

[11]

  1. What is a contract of sale of goods?
  2. Define contract of guarantee. Distinguish between a contract of indemnity and a contract of guarantee.
  3. What is a condition? What are the implied conditions according to the Sale of Goods Act? Give suitable examples.

[12]

  1. What are the various ways in which a contract may be discharged?
  2. How is price fixed in a contract of sale? If a price is not determined by the parties, what price, if any, is the buyer liable to pay?
  3. Write short notes on Discharge of Surety.

[13]

  1. What is the meaning of special crossing?
  2. Describe the various methods of a discharge of a contract.
  3. What do you understand by acceptance for honour and payment for honour? What are the rights and liabilities of acceptor for honour?

[14]

  1. Explain various types of crossing.
  2. What is 'Partnership deed'? What are the essential elements of a partnership deed? Discuss the rules which are applicable in the absence of the partnership deed.
  3. Distinguish between a 'Condition' and a 'Warranty'. In what circumstances can breach of condition be treated as a breach of warranty?

[15]

  1. What do you mean by contractual capacity?
  2. What do you mean by partnership? Bring out its essential elements.
  3. What do you understand by 'negotiable instrument'? Distinguish between cheque and bill of exchange.

[16]

  1. Distinguish between a holder and holder in due course.
  2. What is the difference between bailment and pledge? Explain the rights and duties of pawnee.
  3. Define partnership and partnership deed. Explain the main elements of a partnership. Under what circumstances may a partnership firm be dissolved by the court?

[17]

  1. Distinguish between a Promissory Note and Bill of Exchange.
  2. Define consent. When is consent said not to be free? Discuss its effect on the validity of a contract.
  3. Define a contract of agency. How is it created and how is it terminated?

[18]

  1. Define minor as a partner.
  2. Explain the statement 'Agreement with minor is void adroit.'
  3. What is the difference between 'Quasi contract' and 'Ordinary contract'?

[19]

  1. When is a negotiable instrument considered as dishonoured? Explain.
  2. Define Pledge. How does it differ from bailment? In what circumstances can a person other than the owner pledge the goods?
  3. Explain what is meant by Negotiation? How is it affected and how does it differ from an ordinary assignment? Can an overdue instrument be negotiated?

[20]

  1. Define Contract. Explain the essentials of a valid contract. How can an offer be made?
  2. Define Consent. When is consent said to be free? What is undue influence?
  3. Define a contract of sale. Explain the essentials of a valid contract of sale. What is the doctrine of Caveat emptor?

[21]

  1. What is meant by a negotiable instrument?
  2. Explain the term particular and general lien. Also distinguish between the two.
  3. Define Partnership. Enumerate the rights, duties and responsibilities of Partners.

[22]

  1. What is Contract of Indemnity? What are its important features?
  2. Define Contract and Explain the essentials of a valid contract.
  3. No Seller of goods can give the buyer of goods a better title to those goods than what he himself possesses. Examine the statement and mention whether there are any exceptions to this rule.

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