Time: 3 Hours L 1 (b) A company regrstere\ (c) Differentiate between Ascertai «ent COM! {a) What is Contingent Contract ? Discuss the essentials of Continge™ the Indian Contract Act, 1872. ips ted Liability parinershP Foundation- a IMPORTANT INSTRUCTIONS TO CANDIDATES =enerte a0 Gecstions section A are w be answered in the medium opted by the candidate Seed pted for Hindi medium, his/her answers in Hindi, will notbe Questions in Section B, are to be , answered in English hb including those who have opted for Hindi Ce pata eerie: ‘Answers to both the Sections are to be written in the same answer book. Marks: SECTION -A _ Question No.1 is compulsory. ‘Answer any FOUR questions from the remaining FIVE questions. (a) Mrx and Mr. Y entered into a contract on 1st August, 2018, by which 4 Mr. X had to supply 50 tons of sugar to Mr. Y ata certain price strictly within a period of 10 days of the contract Mr. Y also paid an amount of Rs.50,000 towards advance as per the terms of the above contract The mode of transportation available between their: places is roadway only. Severe flood came on 2nd August, 2018. and the only road connecting their places was damaged and vould not be repaired within fifteen days. Mr.X offered hich Mr. Y did not agree. On 1st September, to supply sugar on 20th August, 2018 for w/ ae of Rs-10,000 from Mr. ¥ for refusing " accept te 2018, Mr. X chimed compensatio! supply of sugar, which was not there within the purview of the contract On the other hand, Mr. Y chimed for refund of Rs.50,000, which he had paid as advan terms of the contract Analyse the above situation in terms of the provisions ‘i a Indian Contract Act, 1872 and decide on Y's contention. d under section 8 of the companies Act, profits during the financial year ended on 3181 March, 2018 due oso policies declared by the Government of India and implements io ane Considering the development, some members of the company wanted a to distribute dividends to the members of the company: ey appr pred advise them about the ma i mount of dividend that can es A f the Companies Act, 201 EB rovisions © nies Act, 2013 and advise the membel ned and Unascertained G company as per the p! provisions of the Compal () Exphin the essential elements to incorporate a steps involved therein under the LLP Act, 2008. Ss