MAY 2011 U/ID 1365/MWB

Time : Three hours Maximum : 100 marks

SECTION A — (5 × 8 = 40 marks)

Answer any FIVE questions.

All questions carry equal marks.

Each answer should not exceed 400 words.

1. What is Consideration? State the legal rules

regarding consideration.

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ÂvPøÍ ÂÍUSP.

2. Who are not competent to enter into a valid

contract according to the Indian Contract Act
1872?

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J¨£¢uzvÀ Dk£h uSv¯ØÓÁºPÒ ¯õº?

3. Define the term ‘Law’. State the main sources of

Mercantile Law.

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\mhzvß ‰»[PøÍ ÂÁ›.
4. Distinguish between a contract of indemnity and a
contract of Guarantee.

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CÁØøÓ ÷ÁÖ£kzvU PõmkP.

5. Discuss the duties of an Agent.

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6. Explain the rules as to Delivery of Goods.

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7. What are the circumstances under which a firm

may be dissolved?

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Pø»UP¨£h»õ®?

8. What is Marine Insurance? State its various types.

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ÁøPPøÍ ÂÍUSP.

2 U/ID 1365/MWB
 SECTION B — (3 × 20 = 60 marks)

Answer any THREE questions.

All questions carry equal marks.

Each answer should not exceed 1,200 words.

9. Define Contract. State the essential elements of a

valid contract.

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ÂÁ›.

10. Discuss the different modes by which an agency

may terminate.

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11. What is bailment? Explain the requisites of

bailment. Discuss the duties of bailer and bailee.

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]Ó¨¤¯À¦PøÍ ÂÁ›. J¨£øhÄ ö\´£Áº ©ØÖ®
J¨£øhÄ ö£Ö£Á›ß Phø©PøÍ ÂÁõvUP.

3 U/ID 1365/MWB
12. When is a seller of goods deemed to be an unpaid
seller? What are his rights?

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E›ø©PÒ ¯õøÁ?

13. List out the basic principles of Insurance.

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GÊxP.

————————

4 U/ID 1365/MWB