Exam Details
Subject | Mercantile Law | |
Paper | ||
Exam / Course | Bachelor Degree in Commerce | |
Department | School of Management Studies (SOMS) | |
Organization | indira gandhi national open university | |
Position | ||
Exam Date | June, 2016 | |
City, State | new delhi, |
Question Paper
1. Define a contract. Explain the essentials of a valid contract.
Explain the meaning of 'Consent' with an example. When consent is said to be free?
Naresh offers to sell his car to Mukesh for Rs 1,50,000. Mukesh replies "I will pay Rs 1,20,000 for it." Naresh refuses to sell at this price. Mukesh then offers to pay Rs 1,50,000 to Naresh. But Naresh refuses to sell his car. Can Mukesh sue Give reasons.
3. "A stranger to contract cannot sue". Explain. Discuss the exceptions to this rule.
4. Explain the remedies available to an aggrieved party on the breach of a contract.
Define a contract of guarantee. What are the essential features of a valid guarantee
Explain any two circumstances in which an agent incurs personal liability.
6. What are the differences between a contract of sale and an agreement to sell
7. Comment on the following statements:
The relationship of partnership arises from agreement but not from status.
The Indian Partnership Act has effectively ensured the registration of firms without making it compulsory.
8. Define 'Condition' and 'Warranty' in a contract of sale. When can a breach of condition be treated as a breach of warranty
9. Who is finder of goods? Explain the rights and duties of a finder of goods.
Explain the meaning of 'Consent' with an example. When consent is said to be free?
Naresh offers to sell his car to Mukesh for Rs 1,50,000. Mukesh replies "I will pay Rs 1,20,000 for it." Naresh refuses to sell at this price. Mukesh then offers to pay Rs 1,50,000 to Naresh. But Naresh refuses to sell his car. Can Mukesh sue Give reasons.
3. "A stranger to contract cannot sue". Explain. Discuss the exceptions to this rule.
4. Explain the remedies available to an aggrieved party on the breach of a contract.
Define a contract of guarantee. What are the essential features of a valid guarantee
Explain any two circumstances in which an agent incurs personal liability.
6. What are the differences between a contract of sale and an agreement to sell
7. Comment on the following statements:
The relationship of partnership arises from agreement but not from status.
The Indian Partnership Act has effectively ensured the registration of firms without making it compulsory.
8. Define 'Condition' and 'Warranty' in a contract of sale. When can a breach of condition be treated as a breach of warranty
9. Who is finder of goods? Explain the rights and duties of a finder of goods.
Other Question Papers
Departments
- Centre for Corporate Education, Training & Consultancy (CCETC)
- Centre for Corporate Education, Training & Consultancy (CCETC)
- National Centre for Disability Studies (NCDS)
- School of Agriculture (SOA)
- School of Computer and Information Sciences (SOCIS)
- School of Continuing Education (SOCE)
- School of Education (SOE)
- School of Engineering & Technology (SOET)
- School of Extension and Development Studies (SOEDS)
- School of Foreign Languages (SOFL)
- School of Gender Development Studies(SOGDS)
- School of Health Science (SOHS)
- School of Humanities (SOH)
- School of Interdisciplinary and Trans-Disciplinary Studies (SOITDS)
- School of Journalism and New Media Studies (SOJNMS)
- School of Law (SOL)
- School of Management Studies (SOMS)
- School of Performing Arts and Visual Arts (SOPVA)
- School of Performing Arts and Visual Arts(SOPVA)
- School of Sciences (SOS)
- School of Social Sciences (SOSS)
- School of Social Work (SOSW)
- School of Tourism & Hospitality Service Sectoral SOMS (SOTHSM)
- School of Tourism &Hospitality Service Sectoral SOMS (SOTHSSM)
- School of Translation Studies and Training (SOTST)
- School of Vocational Education and Training (SOVET)
- Staff Training & Research in Distance Education (STRIDE)
Subjects
- Accountancy-I
- Accountancy-II
- Business Environment
- Business Organisation
- Company Law
- Economic Theory
- Elements of Auditing
- Elements of Costing
- Elements of Income Tax
- Elements of Statistics
- Management Theory
- Mercantile Law
- Money, Banking & Financial Institutions