Business Laws – Question bank

Essays

Module 1

1. What is a contract? Explain the essential elements of a contract.

2. All agreements are not contracts but all contracts are agreements. Comment
3. Explain the classification of contracts.
4. What is offer? Discuss the essentials of a valid offer.
5. An acceptance to offer is what a lighted match in to a train of gun powder. Discuss.
6. Define consideration. What are the essential elements of a valid consideration?
7. No consideration no contract. State its exceptions.
8. A Contract without consideration is void. Give its exceptions
9. A stranger to contract cannot sue. Explain the rules with exceptions if any.
10. What is the difference between privity of consideration and privity of contract?
11. Parties to contract must be competent to contract. Explain.
12. Who is a minor? Explain the laws relating to agreements made by a minor.
13. What do you meant by discharge of contract? State the various ways in which contract may be
discharged.
14. Explain the remedies for breach of contract.
15. Module 2
16. Explain the essentials of a contract of guarantee.
17. Explain the nature and extent of surety’s liabilities. Explain the different methods by which the
liability of surety is discharged.
18. Module 3
19. What are the circumstances under which a non-owner can pledge the goods?
20. Discuss the rights and duties of bailor and bailee.
21. Module 4
22. 19. Define contract of agency. Explain the different ways by which contract of agency can be
created and how it can be terminated.
23. Explain various modes of termination of agency.
24. Explain the rights and duties of a principal
25. Explain rights, duties and liabilities of agent.
26. Module 5
27. Explain the rules regarding delivery of goods under a contract of sale.
28. What are the rules regarding transfer of ownership?
29. Explain the general rule the No one can give a better title than that he himself has. Discuss the
exceptions under this rule.
30. Explain the essentials of contract of sale. Point out the difference between conditions and
warranty.
31. Define conditions and warranty.Disciss the implied conditions and warranty.
32. Who is an unpaid seller? Explain the rights and duties of an unpaid seller.
33. State the exceptions to the rule nemodat quad non habet