Duration:- 2 hrs Note:- All questions are compulsory Q1 (A) State the essentials of a valid contract (B) Define

Proposal

S.Y.BCOM Marks: 60

(7) (8)

Q2 (A) What is Hire Purchase explain (B) Distinguish between Sales and Agreement to sale OR Q2 (A) What is the meaning of Contingent Contract (B) What is VOID agreement Q3 (A) CAVEAT EMPTOR or Buyer Beware explain (B) Define Bailment OR Q3 (A) What are the different kinds of Agents (B) Discuss the terms Conditions and Warranties Q4 (A) Fill In The Blanks: 12345678910Any promise without consideration is ______________. Discharge of contract means _____________________. Person who makes or gives a proposal is called _________________. Person who accepts the proposal is called________________. Acceptance must be absolute and _____________________. All agreements need not be __________________. Revocation means to _____________________. Consideration can be _________, _________ and __________. No consideration no _______________. Wager contracts are _______________. (7) (8) (10) (8)

(7)

(7) (8) (7) (8)

Q4 (B) True or False: 1234Voidable agreements are void agreements. Contingent contracts become certain depending on the events. Offer and Invitation to offer are same elements. General and Special offer are the same.

(5)

5- Proposal is synonymous with the word offer.