File Details:

Questions:

1. An agreement enforceable by law is a contract. Explain this statement illustrating the essential elements of a valid contract.
2. What is free consent? When is a contract said to be given under coercion? Distinguish between fraud and misrepresentation.
3. What is bailment? How does it differ from pledge? Discuss the duties and rights of the bailor in respect of goods bailed.
4. 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?
5. Define a contract of sale and bring out clearly the distinction between a sale and an agreement to sell.
6. Define partnership. Describe its essential characteristics and discuss the true test of partnership.
7. Define a negotiable instrument and mention its characteristics. What are the presumptions as to negotiable instruments?
8. What is insurance contract? Describe the principles of utmost faith.
9. Differentiate between condition and warranty.
10. Differentiate between bills of exchange and promissory note.
11. Differentiate between holder and holder in due course.
12. Write short notes on double insurance.
13. Write short notes on implied authority and third parties.
14. Write short notes on surrender value.