Question Bank - Legal Aspects of Business

*Section A short Questions (5marks)

● Distinguish between sale and agreement to sell

● Discuss Counter Offer.

● Discuss 'No Consideration No Contract'

● What is 'Caveat Emptor'?

● Distinguish between void agreement and void contract'.

● Differentiate between agreement and contract

● A post of clerk Is offered by x to Y.Y ask for a day to consider the offer to which X agrees at
the end of a day Y goes to x to signify his acceptance of the offer but was told by X that the
post has been given to the 3rd party has Y any remedy?comment on it.

● Who is a minor?

● What is quasi contract?

● What is the subject matter of contract of sale?

● Distinguish between Quasi and contingent contracts?

● Contractual capacity of a minor.

● Write short notes on the following :

Void-agreements
Quasi-contracts
Difference between Bailment and pledge
Warranty
Unpaid seller.

● Distinguish between voidable contact and void agreement.

● Distinguish between stranger to consideration and stranger to contract.

● Mr' Ram hires a car of Mr. Sham. The car is unsafe, but Mr. Sham is not aware of-it lv1r. Ram
is injured. Is Mr. Sham responsible for the injury?

● X enters into a restaurant for dining his bag containing some important document was taken
by a waiter at agate who placed it at the self behind X after having his dinner when rose to
leave the bag was missing X want to hold the proprietor of the restaurant liable. decide.

● Define a contract of indemnity

● Who is bailee?
 ● Sale of unascertained goods.

*Section B (Long Questions )15 Marks

● An agreement enforceable by law is a contract comment. Discuss the essentials of a valid

contract in brief what do you mean by an invitation to offer .explain?

● What do you mean by undue influence? How it differs from coercion?

● What is agency by ratification? What are the requisites of a valid ratification?

● What is a 'contract of Guarantee'? Under what circumstances is a surety discharged from his
liability?

● Define 'Bailment. What are the duties and rights of a bailee?

● What is 'Free Consent'? Distinguish between coercion and under influence. What is their
impact on the validity of a contract?

● What do you understand by Contract? Discuss the essential elements of a valid contract.

● Define the term consideration also explain no consideration no contract?

● Who is competent to enter into contract? Discuss the position of minor in this regard.

● What are the rights of surety? How is surety discharged?

● Discuss the rule regarding offer and acceptance under the contract act.

● Discuss the right and duty of principal and agent.

● Write a note on the right and duties of a bailee.

● All contracts are agreements, but all agreements are not contacts "Explain.

● No consideration, Non contract . Explain what are the exceptions to this rule.

● Discuss the rights and duties of Bailor and Bailee.

● Define the term consideration what are the essential elements also explain no consideration no
contract?

● How can an agency be created and terminated?

● Discuss the rights of surety against principal debtor and creditor also distinguish between a
contract of guarantee and contract of indemnity?

● What do you mean by free consent when the consent is not free. Distinguish between
coercion and under influence.
*Section C (Long Questions)15 Marks

● Discuss the doctrine of caveat emptor is there any exception to it. State in brief if any.
● What are the rights of unpaid seller under the sales of good act 1930?

● Who can file a complaint under the Consumer Protection Act 2019? What sort of complaint
can be filed by a complainant under the act what reliefs are available to the consumer under
the act discuss?

● Define a Contract of Sale. Explain its important features.

● Explain 'unpaid seller'. Discuss the remedies available to an unpaid seller.

● Discuss the meaning of condition and warranty. What are the Implied Conditions and
Warranties?

● Explain the doctrine caveat emptor and state the expectations to it ?

● Distinguish between condition and warranty what are the various implied conditions and
warranties when the breach of condition is treated as breach of warranty?

● What are the conditions essential to the Contact of Sale?

● Who is an unpaid seller? What are his rights against the goods and buyers?

● What are the provision regarding transfer of ownership in goods?

● Explain the implied condition and implied warranty in a contract of sale.

● Once a condition is always a condition. Discuss this statement how do conditions differ from
warranties?

● Discuss the provision of sale of goods act regarding delivery of goods from the seller to
buyer?