Model Paper of Law of Contract for 3rd Sem.

Mid Term Test 1

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 hour :

[1].

Answer of the following questions is not more than 50 words .
(a)Define contract and state it’s essentials .
(b)Distinguish between a specific and general offer .
(c)Discuss meaning and concept of consideration.
(d)A’s letter of offer reaches B on 01.08.2010 .B posts his acceptance on 05.08.2010.A receives acceptance letter on 08.08.2010.Answer the following questions :
(1) when is communication of offer is complete in the above case?
(2)When is communication of acceptance is complete ?
(e)In this situation given above question 1(d) ):
(1)If A posts letter of revocation on 03.08.2010 which reaches on B on 06.08.2010 ,is revocation of offer is effectively ?
(2) B revokes his acceptance by posting a letter on 06.08.2010 and it reaches A on 07.08.2010 .Is revocation of acceptance effective?

[2].
Distinguish between an offer and Invitation to an offer with the help of decided cases .

OR

X (Dellhi) makes an offer to Y (allahabad) on phone .Y accepts the offer on phone .A disputes arose between X and Y .Y contends that in view of provisions of the Contract Act ,the place of contract is Allahabad.Decide with the help of case law on point .[word limit 300 words]

[3].

Define and discuss the essentials of acceptance with the help of decided cases.

OR

Discuss various modes of revocation of a proposal with the help of case laws .Can acceptance be revoked in India. [word limit 300 words]