ALLAMA IQBAL OPEN UNIVERSITY, ISLAMABAD

(Department of Commerce)

MERCANTILE LAW (460)

CHECK LIST

SEMESTER: SPRING, 2011

This packet comprises the following material:-

1. Text book (One)

2. Assignment No. 1 & 2
3. Assignment forms (Two sets)
4. Schedule for submitting the assignments and tutorial meetings.

If you find anything missing in this packet, please contact at the address given below:

Director
Admission & Mailing
Allama Iqbal Open University
H-8, Islamabad
Phone: 051-9057611-12

Sohail Amjad
Course Coordinator

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 ALLAMA IQBAL OPEN UNIVERSITY, ISLAMABAD
(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 ASSIGNMENTS BORROWED OR STOLEN FROM
OTHER(S) AS ONE’S OWN WILL BE PENALIZED AS DEFINED IN
“AIOU PLAGIARISM POLICY”.
Course: Mercantile Law (460) Semester: Spring, 2011
Level: B.A/B.com Total Marks: 100
Pass Marks: 40
ASSIGNMENT No. 1
(Units 1–4)
Q.1 Define quasi and contingent contracts. What is the difference between quasi and
contingent contracts? Elaborate your answers with the help of relevant examples.
(20)
Q.2 What do you understand by performance of contract? Explain the conditions under
which contracts are not needed to be performed. (20)
Q.3 Define the contract of bailment. How contract of indemnity is different from
guarantee? (20)
Q.4 Explain the types of contract of sales. What are the effects of the contract of sale?
(20)
Q.5 What is negotiable instrument? Explain the various modes by which is liability of
drawer of negotiable instrument is discharged. (20)

ASSIGNMENT No. 2
(Units 5–9)
Total Marks: 100 Pass Marks: 40
Q.1 Define cheque. Explain the cases with the help of examples in which banker is
justified in dishonoring cheques. (20)
Q.2 Explain the rights and duties of a partner in a partnership firm. Explain the position
of a minor partner in the partnership firm. (20)
Q.3 What is the difference between dissolution of firm and dissolution of partnership?
Explain the different modes of dissolution of partnership. (20)
Q.4 Define Joint Stock Company. Distinguish private limited company from a public
limited company. (20)

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Q.5 What do you know about the audit of a joint stock company? Cover all aspects of
audit including the penalties for non-compliance. (20)