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Law of Contracts - II - May/June 2010 New - 3YDC

Question Type Question  
Short Contract of Indemnity.
Short Liability of Surety.
Short Contract of Bailment.
Short Distinguish between condition and warranty.
Short Registration of firm.
Short Dissolution of the firm
Short Rights of seller to stop the goods in transit.
Short Termination of agency.
Long What are the implied conditions and warranties in a contract of sale?
Long Explain the distinction between a contract of indemnity and a contract of guarantee.
Long The right of stoppage in transit is an extention of an unpaid seller`s right of lien - Explain.
Long What are the rights and relations of partners to one another?
Problem A and B are partners under an agreement which provided that partnership could be terminated by mutual agreement only. A alone wants to terminate the partnership - Decide.
Problem The sale of pure ghee was warranted only equal to sample. But the ghee was adulterated with 5% of groundnut oil and the Food Inspector certified that the ghee is fit for the purpose of use. Is the buyer bound to accept? Decide.
Problem A sells to B a quantity of sugar in A`s warehouse. It is agreed that B shall get two months credit. B allows the sugar to remain in A`s warehouse. B becomes insolvent before the expiry of the two months and the official Receiver demands delivery of sugar without offering to pay - Decide.
Problem "A" lent money to "B" and "C" guarantees for the transaction as a surety. B refused to repay the amount to A. What are the rights and liabilities of C? Decide.
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