IGNOU| MERCANTILE LAW (ECO - 05)| QUESTION PAPER – (DEC

IGNOU| MERCANTILE LAW (ECO - 05)| QUESTION PAPER – (DEC - 2023)| (BDP)| ENGLISH MEDIUM

BACHELOR'S DEGREE PROGRAMME
Term-End Examination
December - 2023
(ELECTIVE COURSE: COMMERCE)
ECO-05
MERCANTILE LAW
Time: 2 hours
Maximum Marks: 50

Note: Attempt any five questions. All questions carry equal marks.

1. (a) “An invitation to offer is not an offer.” Comment. 4

(b) Explain briefly the legal rules for a valid acceptance. 6

2. Who is a minor? Examine the legal position of minor as (a) an agent (b) a promisee (c) a partner and (d) a shareholder. 2, 8

3. What is ‘quantum meruit’? Explain the circumstances when the claim for quantum meruit arises. 2, 8

4. What is consideration? Explain the circumstances under which a contract without consideration is valid. 2, 8

5. Explain the doctrine of supervening impossibility. Discuss the circumstances when the performance of a contract may become subsequently impossible. 2, 8

6. What is pledge? Who can make a valid pledge? Explain the rights of a pawnee briefly. 2, 3, 5

7. Explain the procedure for registration of partnership firm. What are the consequences of non-registration? 5, 5

8. Define ‘condition’ and ‘warranty’. Distinguish between condition and warranty. 4, 6

9. Write short notes on any two of the following: 5, 5

(a) Sale by non-owner

(b) Agency by ratification

(d) Fraud

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(Read Syllabus/ Assignment, Notes, Exam Routine, Question Papers and solved)

Also Read:

1. Indian History

2. CURRENT AFFAIRS

3. GK

4. MCQ SOLVED

IGNOU| MERCANTILE LAW (ECO - 05)| QUESTION PAPER – (DEC - 2023)| (BDP)| ENGLISH MEDIUM