Commercial Law
Commercial Law
Commercial Law
(c) invitation to offer (d) cross offer 16. (a) What are the essentials of Valid Contract? (OR)
4. Consideration must be (b) Explain in detail the classification of contracts.
(a) Imaginary (b) adequate (c) real (d) past consideration 17. (a) Define fraud. What are the essential elements of fraud (OR)
5. Quid pro quo means (b) Who are persons disqualified by law .Explain the provisions /law
(a) Consideration (b) capacity of contract relating to them.
(c) Free Consent (d) none of these 18. (a) What is mean by Quasi contract. State the provisions relating to Quasi
6. Change in one or more of material term of a contract is called. Contract. (OR)
(a) Novation (b) alteration (c) rescission (d) Remission (b) Explain the rights and duties of an agent.
7. Damage which is awarded only for name sake is called _____. 19. (a) What are the rights and duties of Bailor ? (OR)
(a) Nominal damages (b) Special damage (c) Ordinary damage (b) What are the rights and duties of pawnor?
8. One who has been relieved from the liability of contract is 20. (a) In what ways Sale is different from Agreement to sell. (OR)
(a) Discharge of contract (b) Breach of contract (b) Explain the rights of an unpaid seller.
(c) Quasi contract (d) None
9. The person who guarantees debt of another
(a) Debtor (b) Creditor (c) Surety (d) Banker
10. Caveat Emptor means
(a) Buyer be aware (b) Seller be aware (c) Institution be aware