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Attempt all the given problems:

problem 1:

a) What do you mean by the term contract? Distinguish between agreement and contract.
b) Describe the distinct basis of classification of contracts.

problem 2:

a) Describe the rights and liabilities of the common carrier.
b) Define ‘agent’ and ‘principal’. Describe the circumstances when the agency can be terminated by operation of law.

problem 3:

a) What are the agreements which have been expressly declared void by law?
b) Discuss agreements in restraint of marriage, trade and legal proceedings.

problem 4:

a) Discuss the provisions of Sale of Goods Act associating to the implied conditions in a contract of sale by ‘sample’ and ‘sale by description’.

b) Discuss the importance of transfer of ownership in a contract of a sale.

problem 5:

a) Define the term partnership. What are its necessary characteristics? Describe.
b) Describe the legal position of a miner as a partner.

Business Law & Ethics, Finance

  • Category:- Business Law & Ethics
  • Reference No.:- M92257

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