Thursday, October 24, 2013

IMPORTANT QUESTIONS PART I PAPER 4. LAW OF CONTRACT

PAPER 4. LAW OF CONTRACT
A) CONTRACT ACT
1. PROPOSAL
Q. Define Proposal. How is it revoked? (2007-S) Q. Define proposal. How does it become a promise enforceable as a contract? (2002-S) Q. Define Proposal and Acceptance. What are the rules relating to their communication? (2009-A) Q. Define proposal, discuss its essential elements? (2008-A) Q. When the communication of a proposal, acceptance & revocation does become complete? (2002-A 2001-S) Q. What is offer? When it is valid? Discuss the rules relating with communication of an offer. (2005-A) Q. What do you mean by revocation of proposal & acceptance? How revocation is made & what is its effect on validity of contract. (2006-A)
2. AGREEMENT
Q. What is the difference between voidable and void agreements? Give your answer stating examples. (2007-A)
Q. Define the term ‘Agreement’ & distinguish between Agreement & Contract. Q. What are the essentials of a valid contract? Discuss them briefly. (2007-A 2003-A) Q. What are the agreements which have been expressly been declared void? (2007-S)
Q. An agreement enforceable by law is called contract. Discuss it with reference to the rules relating to validity of a contract. (2008-S) Q. Define term void & voidable agreement; explain the circumstances under which a contract becomes void & voidable? (2008-A)
3. FREE CONSENT
Q. Define and distinguish between coercion and undue influence. (2008-S) Q. Explain mistake of fact and mistake of law. Do they have the same legal effect on a Contract? (2007-S) Q. What is the difference between fraud and misrepresentation? Explain giving examples. (2007-A)
Q. Discuss ‘Free Consent’ & discuss the legal effects flowing from agreements made without free consent. (2005-A 2004-A) Q. What do u understand by free consent Discuss the effect of mistake on contract? (2008-A)
Q. Define Fraud. When is the suggestion of a fact not fraud but misrepresentation? Give examples. (2002-S)
Q. Define & explain briefly Coercion, Undue Influence, and Fraud & Misrepresentation. (2002-A)
4. CONSIDERATION
Q. Define the term consideration and discuss its essential elements? (2008-S) Q. What is consideration? When is consideration or object of an agreement unlawful? (2003-A) State the exception to the rule that an agreement made without consideration is void. (2008-A 2007-S 2005-S 2002-S, A 2001-S)
5. CLASSES OF CONTRACT
Q. Define & give examples of the following classes of contract. a) Void b) Void able c) Unenforceable. (2002-A)
6. INDEMNITY & GUARANTEE
Q. What is a contract of guarantee? Distinguish it from contract of indemnity. (2007-A)
Q. Define the Contract of Indemnity & what are the rights of an indemnity holder? Distinguish between a contract of indemnity & a contract of guarantee. (2004-A 2002-S, A)
Q. Define the term contract of Guarantee and discuss the circumstances under which a contract of guarantee is said to be discharged? (2008-S)
Q. What is continuing guarantee? When and how may a continuing guarantee be revoked? How surety can be discharged from his liabilities in a contract of guarantee? (2008-A 2005-S 2003-A)
Q. Enumerate the rights of a surety as against Principal, debtor, creditor & against co-sureties. (2005-S)
7. CONTINGENT CONTRACT
Q. Explain the difference between a wagering agreement and a contingent contract. (2007-S) Q. Define contingent contracts. Explain the rules which govern the enforcement of these contracts. (2007-A 2006-A)
8. DISCHARGE OF CONTRACT
Q. What do you mean by discharge of a contract? Discuss the circumstances under which a contract is said to be discharged. (2008-S) Q. Describe the various modes in which a contract may be discharged? (2004-A 2002-S)
9. QUASI CONTRACT
Q. What are the situations where the law, requires a person to perform an obligation similar to contracted obligation although he has not entered into any contractual relationship. (2007-S 2006-A 2005-A 2004-A 2002-S) Q. Define term quasi contract discuss circumstances under which such contract comes into existence? (2008-A)
10. BREACH OF CONTRACT
Q. State the rules governing determination of damages for breach of contract. (2007-A) Q. What are the remedies for breach of contract? (2009-A 2008-A 2007-S 2003-A)
11. BAILMENT
Q. What are the essential features of bailment? State the duties of the bailee. (2007-S) Q. What is bailment? What are the duties & liabilities of a bailor towards the bailee? (2002-A) Q. Discuss the duties & rights of ‘Bailee’ in the contract of bailment? (2009-A 2008-A 2006-A 2005-S)
12. AGENCY
Q. How agency is constituted & terminated? (2009-A 2007-S A 2005-S 2002-S) Q. What is agency & what are the duties of an agent to his principal & vice versa? (2002-A) Q. What do you understand by an act of ratification? What conditions have to be fulfilled for a valid ratification? (2007-S 2004-A) Q. Explain what is agency. When an agent is responsible for the act done on behalf of his principal? (2005-S 2003-
13. PERFORMANCE OF CONTRACTQ.
What is performance of contract? Discuss rules regarding time & place of performance. (2008-S 2006-A 2005-S,  Q. Discuss the law governing the performance of a contract where there are joint promises. (2007-S)
14. COMPETENCY TO CONTRACT
Q. What is the legal status of a contract entered into by a minor? Is it enforceable by law? If so under what circumstances? (2008-S 2007-S 2003-A 2001-S)Q. Who are competent to contract? (2006-A)
15. OBJECT OF CONTRACT
Q. When the object of a contract is unlawful? (2005-S 2003-A 2002-A)
16. CONTRACT OF PLEDGE
Q. Discuss the circumstances under which a pledge made by non-owner becomes valid. (2008-S) Q. Can a valid pledge be made by mercantile agent? If so, explain fully. (2007-A)
B) SALE OF GOODS ACT
1. FIXATION OF PRICE
Q. What is sale? Discuss its essentials & explain the different modes of fixation of price in a contract of sale. (2005S
2. SALE & AGREEMENT TO SALE
Q. What is the difference between an agreement to sell and a contract of sale? State the necessary ingredients for the formation of a contract of sale. (2008-S 2007-A)Q. What is sale & what is an agreement to sale. Explain the difference between these. (2009-A 2005-A)
3. CONDITION & WARRANTY
Q. What do you mean by condition and warranty in a contract of sale? Explain different conditions and warranties applicable in a contract of sale. (2005-A 2003-A)
Q. Define and state the difference between a condition and a warranty of a contract. When a condition may be treated as a warranty? (2007-S) Q. Define & distinguish between condition & warranty. Explain Implied & express warranties in contract of sale? (2008-S, A)
4. UNPAID SELLER
Q. Define unpaid seller. What are his rights against goods under the Sale of Goods Act? (2009-A 2008-A 2004-A 2002-S)
5. CAVEAT EMPTOR
Q. What do you understand by the rule ‘caveat emptor’? Are there any exceptions to this rule? (2002-A)
6. BREACH OF CONTRACT
Q. State briefly the remedies open to a seller and the buyer of goods for breach of contract by the buyer. (2007-A 2002-A)
7. TRANSFER OF TITLE
Q. How title is transferred in a contract of sale? (2006-A) Q. “A seller can’t convey a better title than he himself has”. Are there any exceptions to this rule? (2005-S)
8. DELIVERY
Q. With reference to performance of contract of sale discuss rule regarding as to delivery. (2007-S 2006-A 2004-A 2003-A)
9. DUTIES & BUYER OF BUYER & SELLER
Q. What are the duties of a buyer & a seller of goods under the sale of Goods Act?



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