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MARKS - 60 TIME- 2 HOURS
N.B.: - 1. All questions are compulsory.
2. Figures to the right indicate full marks.
Q.I What are the necessary elements for the formation of a
valid contract?
Explain.
(15)
Q.2 Write short notes on any three of the following :-
(15)
a) Consideration.
b) Voidable contract.
c) Quasi contract.
d) Contingent contract.
e) Proposal and Acceptance.
f) Wagering contract.
Q.3 Define contract of Indemnity. What are the rights of Indemnity
holder? (15)
- O R -
Write short notes on any three of the following :-
(15)
a) Rights of the Bailor.
b) Types of Bailment.
c) Right of Lien.
d) Types of Agent.
e) Discharge of Surety.
Q-4 Define and Distinguish between condition and warranties.(15)
- O R -
Write short notes on any three of the following :-
(15)
a) Unpaid Seller.
b) Mercantile Agent.
c) Caveat Emptor.
d) Stoppage in Transit.
e) Sale and Hire—purchase.
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