LLB 3 Years Sem 4 Contract 2 June 2018 II Question Paper - Mumbai University | munotes

Questions asked in this paper

1. Q1 State any 2 rights of surety against the creditor
   • b. Who can general lien ? State any four kinds of bailment Define the term
   • e. Explain partners authority in
   • f. State any two grounds on which the firm can be dissolved What does “future goods” mean under Sale of Goods Act 1930,
   • h. Who is a “mercantile agent” under the Sale of Goods Act, 1930?
   • i. State the circumstances in guarantee becomes invalid Short any 4— 20 marks
   • a. Revocation of continuing guarantee
   • b. Discharge of surety Essentials of a partnership
   • e. agent
   • f. Distinguish between Partnership & company
   • a. XYZ had given overdraft facility to a partnership firm & its partners, against firm's fiw deposit. The partner's & the firm made a default in repayment of loan in spite of notices given by the bank ij Can bank exercise lien over the fixed receipts of the partnership firm? If yes, can the bank liquidate the fixed deposit? i} Presuming the firm has two separate accounts in the same bank, one is. current account. Can the bank utilize the balance in the current account for satisfaction of the overdraft facility?
   • b. holds a lease from terminate on months’ notice unauthorized person, gives notice of to i} Can this notice by "2" be rectified by if yes, Why? Write the essentials of a valid ratification The goods sald were to be first by railway & then by ship te their ultimate destination. "A". The seller gave notice te railway company to stop the goods; but it was too late to prevent their shipment. The seller then gave notice to the ship owner, before it arrived at destination The trustee of the bankrupt demanded the goods Will the trustee of the bankrupt buyer get the goods? Can the seller a notice to the ship owner & stop the goods in transit? Answer any marks
   • a. the contract of guarantee. Discuss the same in detail with special reference to discharge of surety & compare it with the contract of indemnity
   • b. Explain the various modes of" Termination of
   • c. Define pledge & state the rule & exceptions to the rule “no one can make a valid pledge who is owner of the goods”
   • d. Explain the different af dissolution of partnership firm state what are the consequences or effects af the of firm & state the rights of the creditors of after
   • e. What are the rights & of the minor when admitted to the of the Whoisan “unpaid seller". Discuss the rights & duties of an “unpaid seller"?
2. Q1 Far,
3. Q2 fear

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