Mumbai University Solved Question Papers
Contract II
Previous Year Question Paper with Solution
LLB 3 years · Sem 4
May 2016 Examination
munotes.in
Mumbai
LLB 3 years Sem 4 Contract II May 2016 Question Paper with Solutions
Get access to whole semester resourcesSemester Pass
MU law student group
Free to join
First published on munotes.in on 24 October 2026.
Published by munotes.in, Mumbai.
Model answers written and edited by the munotes.in editorial desk.
Passages from this volume may be quoted, in print, online or by an AI system, with credit: name munotes.in and link to this volume's page. The volume may not be reproduced as a whole. Full terms at munotes.in/content-license.
munotes.in is an independent study resource for students of the University of Mumbai. It is not affiliated with the University of Mumbai, and is not endorsed by it.
The University does not publish an official answer key for this paper. The answers in this volume are model answers, written to show how a full-mark answer is built. They are a study aid, not an authority on what an examiner marked.
The question paper reproduced here is the paper as set by the University of Mumbai at the May 2016 examination.
Contents
The questions below are the paper as the University of Mumbai set it at the May 2016 examination, in the order it was set.
MarksPage
MarksPage
MarksPage
The Paper as Set
The questions in this volume are the questions asked at the May 2016 examination, reproduced as the University of Mumbai set them, in the order it set them. Nothing has been reworded, added or left out. Only the answers are ours. See the original question paper.
Duration 3 hours · Total marks 100 · 25 questions answered
Instructions printed on the paper
- N.B: (1) Attempt all questions. (2) Figures to the right indicate marks. (3) Give reasons / Case law wherever necessary.
How to use this volume
Solve the paper first, under exam conditions and against the clock. Then read the answers here and mark your own. Reading a solution before attempting the question feels productive and teaches very little, because recognising an answer is not the same as being able to write one.
Q.1
Q.1: Answer the following questions in not more than two sentences each
20 Marks - 2 marks each
(a)Give any 4 general duties of partners.[2]
Answer
Section 9 of the Indian Partnership Act, 1932 sets out the general duties: partners "are bound to carry on the business of the firm to the greatest common advantage, to be just and faithful to each other, and to render true accounts and full information of all things affecting the firm to any partner or his legal representative".
Four general duties.
- To work for the greatest common advantage of the firm, not for himself.
- To be just and faithful to each other, which is the duty of good faith.
- To render true accounts to any partner or his legal representative.
- To give full information of all things affecting the firm.
Others follow from these. A partner must indemnify the firm for loss caused by his fraud (section 10). He must attend diligently to the business (section 12(b)). And he must hand over any private profit made from the firm's business, property or name (section 16).
Crystal Transport Pvt. Ltd. v. A. Fathima Fareedunisa, 2024 INSC 859. One of four equal partners sued for dissolution and accounts. The other three had moved the firm's funds and assets into a private company of their own. The Supreme Court upheld an order sending the case back for accounts. The company might have used the firm's assets until final settlement. If so, the plaintiff could claim a share of the profits made from her share in them.
So the partner's duties are those of a trustee towards the others: good faith, honest accounts and full disclosure.
The rest of the answers
The first answer is free. The rest come with the LL.B. 3 Years Semester 4 solved papers.
You have read the question paper and its first answer in full. Buy the solved papers once and you can read every answer of every solved paper in this semester.
Notes + Solved papers: ₹798 Already bought it? Sign in
Or solved papers only: ₹499
Or notes only: ₹499
The question paper itself stays free, and so does the syllabus.
Found an error in this volume? Report it and we will check it against the paper.