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Fast Institute of Education

Test Session 2021: B.COM II


MID TEST#1: LAW
Total Marks: 100
Passing Marks: 45
Attempt any 5 Questions:

Question#1:
What do you mean by offer explain the essential of valid offer and its revocation?
Question#2:
What remedies are available to the aggrieved party on the breach of contract?
Question#3:
How agency is created and terminated?
Question#4:
Define the contract of bailment what are the rights and duties of bailee?
Question#5:
Define consideration what are legal rules regarding the consideration?
Question#6:
Define the term contract explain the various kinds of contract?
Question#7:
State the exception regarding the rule of no consideration no contract in the light
of law

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