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Law of Contracts - II - April/May 2009 3YDC

Question Type Question  
Short What is a Contract of Indemnity?
Short Define Bailment.
Short What are the different kinds of agents
Short Define the term "Goods".
Short What is unpaid seller`s right of Lien?
Short Explain "Caveat Emptor".
Short Can a minor be admitted to partnership?
Short What is dissolution of a firm?
Long State the circumstances in which a surety is discharged from liability.
Long What is a Contract of agency? Explain different modes of termination of agency.
Long Define "Contract of Sale" and explain distinction between a sale and an agreement to sell.
Long Define Partnership. Explain the effects of non-registration of a partnership firm.
Problem "X" gave a piece of cloth to "Y" a tailor to be stitched into a suit. "Y" retained the cloth for a period longer than required and neglected to return it or suit even on X`s persistent demand. Subsequently a fire broke out in Y`s shop and the cloth was destroyed. Is "Y" liable for the loss?
Problem "X" engaged "Z" an auctioneer, to sell some property on the terms that he should receive his due commission of Rs.5000. "Z", however received secretly Rs.2000 extra as commission from the purchaser. Discuss the rights of "X" and "Z".
Problem "X" purchased a car from "Y" and uses it for some time. It turns out that the car sold by "Y" to "X" was a stolen one and had to be returned to the rightful owner. "X" brings action against "Y" for the return of the price. Will he succeed?
Problem "X", "Y" and "Z" carried on a business for profit but under very special conditions as to "Z", that "Z" was to contribute neither labour nor money and was not to receive any profits, but was to lend his name to the firm. Is "Z" liable for the debts of the firm.
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