No.

of Printed Pages : 7 EGO-05

BACHELOR'S DEGREE PROGRAMME
(BDP)

Term-End Examination
June, 2020
ECO-05 : MERCATILE LAW

Time : 2 Hours Maximum Marks : 50

Weightage : 70%

Note :Answer any five questions.

1. Define Consideration. When is consideration not

necessary ? Explain in detail. 2, 8

2. Differentiate between any two of the following :

5 each

(a) Void and illegal contracts

(b) Express and implied contracts

(c) Executed and executory contracts

P. T. O.
 [2] ECb-05

3. Define fraud and its effect on contract. How

does it differ from misrepresentation ? 5, 5

4. What are the remedies available to an

aggrieved party in case of breach of a contract ?

Explain briefly different types of damages. 5, 5

5. Distinguish between a 'sale' and an "agreement

to sell'. 10

6. Define partnership. State the circumstances

under which the following can be dissolved :

2, 8
(i) a partnership

(ii) a firm

7. Define bailment. How does it differ from a

pledge ? Is finder of lost goods a bailee ? What

are his duties ? 2, 2, 2, 4

8. Discuss the rights of an agent. 10

 [3 ECO-05

9. Answer the following problems. Give reasons in

support of your answer :

(a) 'X' makes an offer to sell his house to 'Y'.

dies. accepts the offer, but does not

know about the death of 'X'. Is acceptance

valid ? Can 'V sue the legal

representatives of 'X' ? 5

(b) 'X' purporting to act as an agent of An, but

without authority of Y. 'X' accepted the

offer by 2'. Subsequently 'Z' withdraws the

offer, but ratified 'X's' acceptance. Is 'Z'

bound ? 5

P. T. 0.
 [4] EC0-05

ECO-05

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ECO-05