Mid-Sem Model paper of Law of Contract -||

Law of Contract -||

Note: Attempt all the questions :Question No. 2 and 3 have internal options. Each Question Carries 5 marks .Each question or part thereof is to be attempted strictly as per instructions .Extra writing shall be penalized .This paper carries a total of 15 marks ,and is to be attempted within an hour :

1]

(Answer of the following questions is not more than 50 words .)

(a) Define partnership and state its essentials.
(b) What do you understand by dissolution of a partnership firm? Sate various modes of dissolution.
(c) Explain the liability of a retired partner for the acts done after his retirement.
(d) Define a Contact of sale and state its essentials.
(e) Lay out the main difference between a contract of sale and that of a hire purchase .

2]

(a) Explain the doctrine of caveat emptor alongside its exceptions with the help of decided cases.

OR

Explain the meaning of partnership by holding out with the help of decided cases.

(Your answer should not exceed 300 words)

3.]

Sharing of profit is a mere prima facie evidence of partnership and not the conclusive test. Discuss the above statement with the help of decided cases.

OR

Explain the effects of non registration of a partnership firm .

(Your answer should not exceed 300 words)