Mumbai University Solved Question Papers
Contract II
Previous Year Question Paper with Solution
LLB 3 years · Sem 4
Nov 2022 - 60/40 Examination
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LLB 3 years Sem 4 Contract II Nov 2022 - 60/40 Question Paper with Solutions
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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.
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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 Nov 2022 - 60/40 examination.
Contents
The questions below are the paper as the University of Mumbai set it at the Nov 2022 - 60/40 examination, in the order it was set.
MarksPage
MarksPage
The Paper as Set
The questions in this volume are the questions asked at the Nov 2022 - 60/40 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 2 hours · Total marks 60 · 22 questions answered
Instructions printed on the paper
- N.B: Please check whether you have got the right question paper. 1) All questions are compulsory. 2) Figures to the right indicate full marks.
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 in one or two sentences each, any 6 out of 10
12 Marks - 2 marks each
(a)Define Partnership.[2]
Answer
Section 4 of the Indian Partnership Act, 1932 defines partnership as "the relation between persons who have agreed to share the profits of a business carried on by all or any of them acting for all". It adds that persons who have entered into partnership with one another are called individually "partners" and collectively "a firm". The name under which their business is carried on is the "firm name".
So a firm is the partners taken together. It is not a legal person separate from them. A firm may sue and be sued in the firm name for convenience, but the partners are the real parties. That is also why every partner is personally liable for the firm's debts (section 25).
Its essentials. An agreement, between two or more persons, to carry on a business, to share its profits, with each acting for all.
Dhanasingh Prabhu v. Chandrasekar, decided by the Supreme Court on 14 July 2025. A cheque issued by a partnership firm bounced, and the complaint named only the two partners. The High Court threw it out because the firm was not named. The Supreme Court restored it, holding that a firm "is not a distinct legal entity and is only a compendium of its partners".
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