ALLAMA IQBAL OPEN UNIVERSITY

(Department of Commerce)

WARNING
1. PLAGIARISM OR HIRING OF GHOST WRITER(S) FOR SOLVING
THE ASSIGNMENT(S) WILL DEBAR THE STUDENT FROM AWARD
OF DEGREE/CERTIFICATE, IF FOUND AT ANY STAGE.
2. SUBMITTING ASSIGNMENT(S) BORROWED OR STOLEN FROM
OTHER(S) AS ONE’S OWN WILL BE PENALIZED AS DEFINED IN
“AIOU PLAGIARISM POLICY”.
Note: You are required to solve all questions if you are unable to understand
any question of assignment, do seek help from your concerned tutor. But
keep in mind that tutors are not supposed to solve the assignment
questions for you.

Course: Mercantile Law (460) Semester: Spring, 2021

Level: B.A/ B.Com ,AD/ BS Total Marks: 100
Pass Marks for B.A/B.Com: 40
Pass Marks for AD/ BS: 50
Assignment No. 1
(Units 1-4)
Q.1 Every business transaction is governed by a contract. Define and explain
Contract. What are essential of a valid contract? Discuss in detail with
examples. (20)

Q.2 What meant by offer? How it can be revoked? Explain with examples. (20)

Q.3 What are the effects of un-free consent on a contract? Explain in detail. (20)

Q.4 What is meant by performance of a contract? Who can demand performance

and who may perform the contract? Discuss in detail with examples. (20)

Q.5 Define contract of Guarantee. Discuss its legal points as per Contract Act
1872. (20)

1
 Assignment No. 2
(Units 5-9)
Total Marks: 100
Pass Marks for B.A/B.Com: 40
Pass Marks for AD/ BS: 50

Q.1 What is agent? Explain the rights and duties of an agent. (20)

Q.2 What is a partnership? Explain its key features as per Partnership Act 1932.
(20)

Q.3 What is cheque? Explain its key features. (20)

Q.4 What is a contract for sales of goods? Explain in detail. (20)

Q.5 What acts to the employer and workmen have been declared as unfair labor
practices under the industrial Relations Act? Explain with examples. (20)