LLB 3 Years Sem 4 Contract 2 Apr 2015 II Question Paper - Mumbai University | munotes

Questions asked in this paper

1. Q1 Answer the following in not more than 2 sentences each
   • (a) What is the meaning of symbolic delivery?
   • (b) What do you mean by ‘agent’? )
   • (c) Explain of title to
   • (d) Define ‘Pledge’
   • (e) What is meant by ‘‘act of a firm”?
   • (f) Define a contract of sale
   • (g) Who is a
   • (h) What is a ‘contract of indemnity’?
   • (i) Can a specific guarantee be revoked?
   • (j) Who is a
2. Q2 Write short notes on any two: Agency coupled with interest 20
   • (b) Unpaid seller
   • (c) Expulsion of a partner
   • (d) Rights of a surety
   • (e) Dissolution of a firm
   • (f) Ascertainment of price Solve any two of the following giving reasons :
   • (a) ‘A’ raises aloan froma financial institution ‘B’, for which 12 surety. ‘B’, with an intention of increasing its business, re-structures the said loan and advances without additional security, and without about it. ‘A’ turns out to be a defaulter and refuses to pay ‘B’ invokes guarantee agreement against ‘Q’
   • (1) Can liable to pay for default of ‘A’?
   • (2) the remedies available to ‘Q’, against ‘B’?
   • (b) At auction sale, ‘C’ made the highest bid for an article of ‘P’. State legal position with reasons in following cases ‘C’ withdrew the bid before the fall of the hammer, though he knew that one of the condition of sale was bid once made, cannot be withdrawn:
   • (2) If the sale was not notified subject to a reserve price and if ‘P’ refused to accept the highest bid
   • (c) ‘A’ being indebted to ‘B’ gives him a ‘Power of Attorney’ to sell a certain plot of land and discharge his debt out of the said money. ‘A’ thereafter changes his mind and revokes the said power. ‘B’ however, proceeds wiht the sale
   • (1) Can ‘B’ proceed with the sale?
   • (2) Advise ‘A’ for remedy
3. Q4 Answer the detail (any 4) 48 marks
   • (a) Discuss - “Liability of a surety is co-extensive with that of the principal, debtor, unless it is otherwise provided by the a
   • (b) Discuss the various ways in which a partner can leaye a partnetship firm and his liability after he ceases to be a partner
   • (c) What is meant by delivery of goods? State the various modes of goods and the rules governing them
   • (d) Discuss the implied conditions and warranties in a contract of sale of
   • (e) Who is a finder of goods? State briefly his obligations What is the nature of lien he has over the
   • (f) Explain briefly the various rights and of Bailor and Bailee
   • (3) aa Sa
   • (2) ae
   • (2) cl

Read from the scan above, so a character or two may differ. The scan is the original.