Escolar Documentos
Profissional Documentos
Cultura Documentos
Time Allowed ‐1 ½ hours
Maximum Marks ‐100
[N.B – The figures in the margin indicate full marks. Questions must be answered in English. Examiner
will take account of the quality of language and of the way in which the answers are presented.]
Marks
1 Distinguish between executed and executor consideration. 4
2. What are the various ways through which a contract is discharged. 4
3. Identify the four ways in which an agency can arise. 4
4. Write down 4 rights of Partners. 4
5. Match the terms to its definition: 4
(a) Voidable (i) The contract is valid but the parties cannot be held to
its terms
(b) Unenforceable (ii) Neither party is bound
(c) Void (iii) The contract is binding unless and until one party
chooses to avoid it.
6. Name 3 matters that cannot be referred to Arbitration. 4
7. What are 3 prime features of Negotiable Instruments? 4
8. What are the effects of an Arbitration Agreement? 4
9. Who may accept a bill of exchange? 4
10. What are the rights of an unpaid seller of goods under the Sales of Goods Act 1930? 4
11. Who are eligible creditors under Bankruptcy Act 1997? 4
12. What punishments the court may award to the drawer for dishonor of a cheque? 4
13. What is an arbitral award? Is it bindings on both parties? 4
14. What are the 4 methods of termination of offer? 4
15. Distinguish between Indemnity and Guarantee.
4
16. Write down 4 rights of a bailee. 4
17. Mention 4 duties of Agent to Principal. 4
18. Define Negotiable Instrument with 2 conditions to satisfy. 4
19. What are the essential requisites of a Promissory Note? 4
20. How a proposal would transform into a contract. 4
21. What are the 4 essentials of a proposal? 4
22. Distinguish between a contract of a sale and agreement to sell? 4
23. What is a contract and name 3 essential elements of a Contract? 4
24. What is a counter offer? 4
25. What are the essential elements of partnership?
4
The end
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