HAO M00 A
DG-2746
Third Year B. Com. (Sem. V) Examination
March / April - 2016
Mercantile Law
Time : 2 Hours]
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Name ofthe Examination
[Total Marks : 50
Seat No.
‘+ [THIRD YEAR B. COM. (SEM. 5)
Name ofthe Subject
+ [MERCANTILE LAW
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Student’ Signature
40
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DG-2746] 1
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ENGLISH VERSION
Instructions : (1) As per the instruction no. 1 of page no. 1
2) Question no. 1 is compulsory.
(8) Figures to the right indicate the full marks of
the question.
1 Answer in brief : 10
(1) State only the unlawful object.
@) Explain Novatio
(3) What is ratification ?
(4) Who can avail the right of general lien ?
(5) What is a contract of indemnity ?
DG-2746] 2 [Contd...)
2 (a)
)
3 (a)
()
3 @
(b)
4 (a)
b)
4 fa)
(b)
DG-2746]
Define the term “acceptance”. Discuss its essentail
features.
Who can make contract ? Discuss the minor's
capacity to make contract.
OR
What is fraud ? Discuss the essential features of fraud.
“An agreement in restraint of trade is void”
- Explain the statement with its exceptions.
What is tender ? Discuss the characteristics of tender.
Discuss any four methods by which parties are
discharged from the contract ?
OR
Differentiate between — Liquidated damages and
Penalty,
What is anticipatory breach of contract ? What are
the effect on the rights and liabilities of the parties ?
Define agency. When agent is personally liable ?
Define Bailment. Discuss the rights and duties
of Bailee.
OR
Write short note on — Finder of Goods,
Defines a contract of guarantee. Under which
circumstances, a surety is discharged from the contract.