Grace International Academy of Science & Commerce

Write the answer of these short questions

All short answer must include one (1) example which is compulsory.
1. Are all agreements are contracts? 2. What is consent free?
3. What is a void Contract? 4. Define Voidable contract?
5. When is communication of an offer 6. Define Consideration?
complete?
7. What is an express contract? 8. Can a minor act as an agent?
9. When does a minor attain the age of 10. When is a person competent to
majority? contract?

Qno.1 Define contract? Discuss the various kinds of contract according to Contract Act 1872?
Qno.2 Define Contract and discuss the essentials of a valid contract?
Qno.3 Define the term offer and acceptance? Explain the essentials of both.

Grace International Academy of Science & Commerce

Write the answer of these short questions
All short answer must include one (1) example which is compulsory.
1. Are all agreements are contracts?
3. What is a void Contract?
5. When is communication of an offer
complete?
7. What is an express contract?
9. When does a minor attain the age of
majority?
11. Explain how an offer can be revoked?
2. What is consent free?
4. Define Voidable contract?
6. Define Consideration?
8. Can a minor act as an agent?
10. When is a person competent to
contract?
12.

Qno.1 Define contract? Discuss the various kinds of contract according to Contract Act 1872?
Qno.2 Define Contract and discuss the essentials of a valid contract?
Qno.3 Define the term offer and acceptance? Explain the essentials of both.
Grace International Academy of Science & Commerce
Write the answer of these short questions
All short answer must include one (1) example which is compulsory.
1. What is an agreement in restrain of
marriage
3. What are the modes (ways) of
discharge of contract?
5. Define the meaning of “Indemnity”
and state its law.
7. Differentiate the bailor and bailee?
9. What are the kinds of guarantee?
2. Difference between contingent, quasi
and wagering contract?
4. What are the cases in which a contract
terminates by operation of law?
6. What is tripartite contract?
8. Difference between actual breach and
anticipatory breach?
10. Differentiate the exemplary and
liquidated damages under the
performance of contract?

Qno.1 What do you understand by the performance of contract? State rules regarding demand
for performance and the performance of the contract?
Qno.2 Define agreement? Discuss the various ways in which a contract can be discharged?
Qno.3 Define the contract of Guarantee? State the circumstances in which surety discharged
from his liability.
Qno.4 Define the breach of contract? State the remedies that are available to an aggrieved party
on the breach of contract?
Grace International Academy of Science & Commerce
Write the answer of these short questions
All short answer must include one (1) example which is compulsory.
1. What is meaning of “Right of Lien” in 2. What is “Hypothecation”?
the bailment contract?
3. Who are the “pawnor” and 4. Differentiate between “Auctioneer”
“’pawnee”? and “Indenter”?
5. Differentiate between principal and 6. What does mean the mode of
agent? delivery?
7. Difference between implied and 8. What is Sale?
express conditions?
9. Define Agreement to Sale? 10. Define Goods?

Qno.1 Who is an unpaid seller of goods (5)? What are the rights of unpaid seller (15)?
Qno.2 Define Bailment (4)? Describe the rights (8marks) and duties (8 marks) of “Bailee”
Qno.3 What is a contract of Agency? (2 marks) Write tis essentials (5 marks) and how it is
created (5 marks) and terminated (8 marks)?
Qno.4 Briefly explain the implied conditions (10 marks) and implied warranties (10 marks) in a
contract of sale of goods?
Grace International Academy of Science & Commerce
Write the answer of these short questions
All short answer must include one (1) example which is compulsory.
1. Define negotiable instruments?
3. Inchoate instrument?
5. Define holder in due course?
7. Define common carrier and private
carrier?
9. Define charter party?
2. Difference between open and cross
cheque?
4. Difference between accommodation
bill and documentary bill?
6. Define Endorsement?
8. Define bill of lading?
10. Define lock outs

Qno.1 Define the bill of exchange? What are the parties involved? Discuss the essentials of a
bill of exchange?
Qno.2 Define Common carrier? Discuss the rights and duties of common carrier.
Qno.3 Discuss the advantages and disadvantages of partnership (just write 6, 6 points of both).
Also state some important contents of partnership deed.
Qno4 Define partnership. Explain the process of registration of firm and what the merits of
registration to the firm are.
Qno.5 Difference between bill of exchange and promissory note?