Questions:

Q1. Explain Marine Insurance and discuss its various clauses.

Q2. What are the types of motor insurance policies?? Explain the features of
a personal accident policy.
Q3. The chief accounts officer of AB Insurance Company, who was in service w
ith the company for over 15 years, was the custodian of the cheque books. He h
as forged the signature of the managing director on 50 cheques and misappropriat
ed a total amount of Rs.15 lakhs during a period of four years. On discovery o
f the forgery, the company wanted the bank to recredit the account with the amou
nt in question. The bank refused to comply with the request and took the followi
ng defense:
a. Even if the cheque were forged, the company has acquiesced to the paymen
t.
b. The company was stopped from its claim because it had not objected to th
e payments which were brought to its notice through monthly statements and half
yearly account.
c. The company was stopped from its claim since it was negligent in entrust
ing the custody of the cheque books to the accounts officer leading to contribut
ory negligence.
d. The suit was time barred since the company had not objected to the payme
nt for a period of four years.
- In view of the above defense taken by the bank, the company has proceeded agai
nst the bank and the chief accounts officer and the issue is whether the suit is
maintainable.
Q4. Introduction of the subject matter being discussed and the principle enu
nciated in the Law.
Q5. Enumerate the facts of the decided case on the point.
Q6. Explain the decision pronounced by the Court of Law in each of the decid
ed cases including some of the recent cases decided by Supreme Court/High Court.

ï § Assignment should consist of about 1600 words (about 4 to 5 pages).