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problem 1:

a) A lady employed a goldsmith for the aim of melting old jewellery and making new one. Every evening, she used to receive the half made jewellery from the goldsmith and put it to a box which was left in a room in the goldsmith’s house of which she retained the key. One night the box was stolen. Is the goldsmith liable to make good the loss? Decide providing reasons and case laws.

b) A draws a cheque in favor of B, a minor. B indorses it in favor of C, who in turn indorses it in favor of D. The cheque is dishonored by the Bank. Describe the rights of C and D against whom can such rights be exercised? Decide providing reasons and refer to relevant sections.

problem 2: A surely is a favored debtor. Describe this statement, pointing out the rights of a surety against:

a) The principal debtor.
b) The creditor.
c) A Co-Surety.

problem 3: In certain conditions the law confers an authority on one person to act as agent for the other without needing the consent of the principal. Describe.

problem 4: The law of partnership is however an extension of the law of principal and agent. Describe.

problem 5: The right of stoppage in transit is an extension of an unpaid seller’s right of lieu. Comment on it.

problem 6: Negotiable instrument payable to bearer can be negotiated by simple delivery and negotiable instrument to order is negotiated through endorsement and delivery under the negotiable instruments Act. Analyze it.

Business Law & Ethics, Finance

  • Category:- Business Law & Ethics
  • Reference No.:- M93108

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