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4. Define ‘bailment’ and ‘pledge’. When can a non-

No. of Printed Pages : 6 ECO-05
owner make a valid pledge ? Explain. 4+6
BACHELOR’S DEGREE PROGRAMME
5. Define Partnership. What are the effects of non-
(BDP)
registration of partnership ? Discuss. 2+8
Term-End Examination
December, 2021 6. Explain the different remedies available to the
ECO-05 : MERCANTILE LAW
aggrieved party for breach of a contract. 10
Time : 2 Hours Maximum Marks : 50

Weightage : 70% 7. What is agency by ratification ? What are the

essentials of a valid ratification ? 4+6

Note : (i) Answer any five questions.

(ii) All questions carry equal marks. 8. Discuss implied conditions in a contract of sale.

1. Define offer. Explain the essential elements of a 10

valid offer. 2+8
9. Answer the following problems. Give reasons
2. What is Consideration ? “Consideration need
for your answer : 5+5
not be adequate.” Explain with the help of
examples. 4+6 (a) ‘A’ hires a car from ‘B’. The car is unsafe,

3. Distinguish between the following : 5+5 though the owner ‘B’ is not aware of it and

(a) Coercion and undue influence ‘A’ is injured. Is ‘B’ responsible to ‘A’ for his

(b) Misrepresentation and fraud injury ?

P. T. O.
 [3] ECO-05 [4] ECO-05

(b) “X”, “Y” and “Z” together buy a house as ECO-05

joint owners. They give the house on rent

and share the rent among themselves. Can

they be called partners under Partnership

2021
Act, 1932 ? Discuss.
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70%

(i)

(ii)

P. T. O.
[5] ECO-05 [6] ECO-05

‘A’ ‘B’

‘B’

‘A’ ‘B’

‘A’

‘X’, ‘Y’ ‘Z’

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P. T. O.