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 | December, 2015 | |
| City, State | new delhi, |
Question Paper
1. Explain the essentials of a valid contract.
2. Define consideration. State the exceptions to the rule "No Consideration No Contract".
3. What are the various ways in which a contract is discharged? Explain "Discharge by breach".
4. Explain the circumstances in which a surety is discharged from liability.
5. Define 'pledge'. When is pledge by a Non-owner valid?
6. State the rights and duties of an agent.
7. Define partnership. Is it necessary to register a firm What are the consequences of non-registration of a firm?
8. Explain the rule of "Caveat Emptor". What are the exceptions to this rule
9. Answer the problems given below. Give reasons 5+5 for "Yes" or "No".
offered a reward of Rs 500 to anyone who finds his lost dog. brought the dog to However, he came to know of the reward later on. Can claim the reward from
borrowed from Rs 45,000. D and E were cosureties who had bound themselves to compensate up to Rs 15,000, Rs 20,000 and Rs 25,000 respectively. If fails to pay, how much will each surety have to pay?
2. Define consideration. State the exceptions to the rule "No Consideration No Contract".
3. What are the various ways in which a contract is discharged? Explain "Discharge by breach".
4. Explain the circumstances in which a surety is discharged from liability.
5. Define 'pledge'. When is pledge by a Non-owner valid?
6. State the rights and duties of an agent.
7. Define partnership. Is it necessary to register a firm What are the consequences of non-registration of a firm?
8. Explain the rule of "Caveat Emptor". What are the exceptions to this rule
9. Answer the problems given below. Give reasons 5+5 for "Yes" or "No".
offered a reward of Rs 500 to anyone who finds his lost dog. brought the dog to However, he came to know of the reward later on. Can claim the reward from
borrowed from Rs 45,000. D and E were cosureties who had bound themselves to compensate up to Rs 15,000, Rs 20,000 and Rs 25,000 respectively. If fails to pay, how much will each surety have to pay?
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