PART- A
Answer any SIX questions(6x4 = 24)
Each question carries 4 marks
1.Right of subrogation
2.Personal liability of agent
3.Distinguish between general lien and particular lien
4.Partnership-at-will
5.What are implied warranties?
6.Holder in due course
7.What is meant by hire purchase?
8.Continuing guarantee
9.Doctrine of caveat emptor
PART – B
Answer any TWO questions (2x18 = 36)
Each question carries 18 marks
10.Explain the essentials of a contract of guarantee. Distinguish it from a contract of indemnity.
11.What are the essential requisitions of Bailment? What are the rights and duties of Bailee?
12.State briefly the rights and duties of a partner after dissolution of a Partnership.
13.Define negotiable instrument and state the distinctions between bill of exchange and cheque.
PART – C
Answer and TWO questions(12 ½ x2=25)
Each question carries 12 ½ marks
10. ‘X’ owes ‘Y’ a debt guaranteed by ‘Z’. ‘Y’ does not sue X for a year after the debt has become payable and in the meantime ‘X’ becomes insolvent. Is ’ Z’ discharged from his liability?
11.“A” and “B” are the partners of a firm. A was caught by the police when he was indulged in gambling. B filed a petition in the court of law for dissolution of firm. Decide.
12. “X” purchased toys for his son Y after seeing the sample displayed in the showcase. While playing with the toys, the boy’s eye was injured. “X” sued the shop keeper. Explain the liability of shop keeper to “X”.
13.Ananath issued a cheque of Rs.10.000/- infavour of Rajesh. When the cheque is sent for collection, it is dishonored. Advise Rajesh against whom he has to take action and under which statutory provisions.
Last edited by hemalathaijt; March 16th, 2012 at 05:01 PM.