Business Regulatory Framework

Model Question Papers

Semester I

Paper A

Time 2hrs.

Marks 40

Answer all questions

All questions carry equal marks

1. ‘All contracts are agreements but all agreements are not contracts’. Discuss.

    

   Hint: Refer page 4–6

   OR

   Discuss the rules regarding offer as given in the Indian Contract Act.

    

   Hint: Refer page 9–11

2. Under what circumstances is the object or consideration of a contract unlawful? Illustrate with examples.

    

   Hint: Refer page 16–17

   OR

   What do you mean by ‘agreements by way of wager’? What are the legal effects of such agreements? Discuss.

    

   Hint: Refer page 50–51

3. What do you mean by a contingent contract? Discuss the rules regarding contingent contracts.

    

   Hint: Refer page 53–54

   OR

   What is a contract of indemnity? Discuss the rights ...