LL.B I (Semester (CGPA) Examination, 2017
SPECIAL CONTRACT
Day Date: Wednesday, 19-04-2017 Max Marks: 70
Time: 10.30 PM to 1.00 PM
Instruction: All questions are compulsory.
Figures to the right indicate full marks.
Q.1 Choose correct alternatives: 14
The term Contract of Indemnity was defined in the Indian
Contract Act under section
Section :124 Section :126
Section :128 None of the above
The term continuing guarantee was defined in the Indian
Contract Act under section
Section :126 Section :128
Section :129 None of the above
The term Holder in due course was defined in the Negotiable
Instrument Act under section
Section :09 Section :11
Section :13 None of the above
The term Payment in due course was defined in the
Negotiable Instrument Act under section
Section :11 Section :12
Section :10 None of the above
The term Negotiable Instrument was defined in the
Negotiable Instrument Act under section
Section :11 Section :12
Section :13 none of the above
The term 'Expulsion of a Partner' was defined in the Indian
Partnership Act was defined under section
Section :23 Section :33
Section :36 None of the above
Dishonor of Cheque for insufficiency of funds in the account
was provided in the Negotiable Instrument Act under
section
Section :138 Section :128
Section :123 Section :125
Page 1 of 3
SLR- G -26
Rights of Finder of Goods was recognized in the Indian
Contract Act under section:
section :168 Section :167
Section :166 None of the above
In case of Contract of Guarantee the following parties are
necessary.
Creditor, Principal Debtor and Surety
Creditor and Principle Debtor
Creditor and Surety
None of the above
10) In case of Bill of Exchange under the Negotiable Instrument
Act the following numbers of parties are necessary.
Drawer, Drawee and Payee.
Drawer and Drawee
Drawer and Payee.
None of the above.
11) The compulsory dissolution of partnership firm was
Provided in the Indian Partnership Act under section:
Section :40 Section :41
Section :42 None of the above
12) The term goods was defined in the sale of goods Act under
section:
Section Section
Section None of the above
13) The term and 'Principle' was defined in the Indian
Contract Act under section:
Section :182 Section :183
Section :184 None of the above
14) The term Pledge, Pawnor, and Pawnee were defined in the
Indian Contract Act under section:
Section :172 Section :173
Section :174 None of the above
Q.2 Define the term Partnership firm and explain the various methods of
Dissolution of a Partnership firm under the Indian Partnership Act.
14
Page 2 of 3
SLR- G -26
Q.3 Define the term Contract of Indemnity and Contract of
Guarantee under the Indian Contract Act and discuss critically
the distinction between contract of Indemnity and Guarantee.
14
OR
Define the term Contract of sale and explain critically the rights
of unpaid seller against goods under the sale of goods Act.
Q.4 Write Short notes on any two out of three. 08
Liability of Co-Surety
Rule of Caveat emptor with exception
Rights of Finder of goods
Distinction between Sale and Agreement to Sell. 06
Q.5 Answer any seven out of ten. 14
Duties of Partners
Discharge of Surety's Liability
Duties of Bailee
Doctrine of holding out
Kinds of Negotiable Instruments
Outgoing Partners
Continuing guarantee
Gratuitous and Non gratuitous Bailment
Effect of non-registering of partnership firm
10) Distinction between Partnership and Company