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    Eco 05

    Uploaded by

    Minhaz Alam
    This document provides instructions for the Tutor Marked Assignment for the course ECO-05 Mercantile Law for the July 2012 and January 2013 admission cycles at the Indira Gandhi National Open University. It explains that the assignment is worth 30% of the final grade and must be submitted by March 15th or September 15th to be eligible to take the term-end examination. It then lists five questions covering topics like consent, coercion, quantum meruit, dissolution of firms, rights of partners, effects of perishing goods, consideration, and rights of a surety. Students are required to answer all questions totaling 100 marks.

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    Eco 05

    Uploaded by

    Minhaz Alam
    164 views3 pages
    This document provides instructions for the Tutor Marked Assignment for the course ECO-05 Mercantile Law for the July 2012 and January 2013 admission cycles at the Indira Gandhi National Open University. It explains that the assignment is worth 30% of the final grade and must be submitted by March 15th or September 15th to be eligible to take the term-end examination. It then lists five questions covering topics like consent, coercion, quantum meruit, dissolution of firms, rights of partners, effects of perishing goods, consideration, and rights of a surety. Students are required to answer all questions totaling 100 marks.

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    ECO-05

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    This document provides instructions for the Tutor Marked Assignment for the course ECO-05 Mercantile Law for the July 2012 and January 2013 admission cycles at the Indira Gandhi National Open University. It explains that the assignment is worth 30% of the final grade and must be submitted by March 15th or September 15th to be eligible to take the term-end examination. It then lists five questions covering topics like consent, coercion, quantum meruit, dissolution of firms, rights of partners, effects of perishing goods, consideration, and rights of a surety. Students are required to answer all questions totaling 100 marks.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    164 views3 pages

    Eco 05

    Uploaded by

    Minhaz Alam
    This document provides instructions for the Tutor Marked Assignment for the course ECO-05 Mercantile Law for the July 2012 and January 2013 admission cycles at the Indira Gandhi National Open University. It explains that the assignment is worth 30% of the final grade and must be submitted by March 15th or September 15th to be eligible to take the term-end examination. It then lists five questions covering topics like consent, coercion, quantum meruit, dissolution of firms, rights of partners, effects of perishing goods, consideration, and rights of a surety. Students are required to answer all questions totaling 100 marks.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
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    ECO-05

    Bachelors Degree Programme (BDP)

    ASSIGNMENT 2012-13

    Elective Course in Commerce ECO-05: MERCANTILE LAW

    For July 2012 and January 2013 admission cycle

    School of Management Studies Indira Gandhi National Open University Maidan Garhi, New Delhi-110 068

    Elective Course in Commerce ECO-05: Mercantile Law ASSIGNMENT 2012-13


    Dear Students, As explained in the Programme Guide, you have to do one Tutor Marked Assignment in this Course. Assignment is given 30% weightage in the final assessment. To be eligible to appear in the Term-end examination, it is compulsory for you to submit the assignment as per the schedule. Before attempting the assignments, you should carefully read the instructions given in the Programme Guide. This assignment is valid for two admission cycles (July 2012 and January 2013). The validity is given below: 1. 2. Those who are enrolled in July 2012, it is valid upto June 2013. Those who are enrolled in January 2013, it is valid upto December 2013.

    You have to submit the assignment of all the courses to The Coordinator of your Study Centre. For appearing in June Term-end Examination, you must submit assignment to the Coordinator of your study centre latest by 15th March Similarly for appearing in December Term-end Examination, you must submit assignments to the Coordinator of your study centre latest by 15th September

    Note : In case you receive the study material and assignments late, you can submit the assignment responses within one month after receiving the study material.

    TUTOR MARKED ASSIGNMENT


    Course Code Course Title Assignment Code Assignment Coverage : : : : ECO-05 Mercantile Law ECO-05/TMA/2012-13 All Blocks Maximum Marks : 100 Attempt all the questions 1. (a) (b) 2. (a) (b) 3. (a) (b) 4. (a) (b) 5. Define consent. When is it said to be free? Define coercion and explain the definition with suitable examples. (10+10)

    What is quantum meruit? Under what circumstances does a claim on quantum meruit arise? Discuss the doctrine of supervening impossibility with examples. State the circumstances when the dissolution of the firm take place. (2+6+12) (8)

    How and when may a partner retire? What are the right and liabilities of a partner? (2+10) What are the effects of perishing of goods on a contract of sale? Explain with examples. Define consideration. What are the legal rules for valid consideration? (10+10)

    Explain the rights of surety against the 1. Principal Debtor, 2. Creditor and 3. Co-sureties. Illustrate your answer. (20)

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