LLM Group 2 Business Law Fundamental Principles Of Law Of Contract And Allied Laws 2022 Question Paper - Mumbai University | munotes

Questions asked in this paper

SECTION I - Part A short questions, examination of 02/06/2022, each carrying 3 marks (attempt any ten of fifteen) 30 Marks

1. 1. What are the effects of inadequacy of consideration under law of contract?
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2. 2. What is agreement in restraint of trade?
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3. 3. Discuss rights and duties of Finder of goods under law of contract?
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4. 4. What is the concept of "Frustration of Contract"?
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5. 5. What do you mean by invitation to offer?
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6. 6. What are the essentials of valid acceptance?
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7. 7. Time is the essence of contract. Explain.
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8. 8. What are the powers of arbitral tribunal?
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9. 9. What are the matters coming under the purview of the Arbitration and Conciliation Act, 1996?
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10. 10. What is International Commercial Arbitration?
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11. 11. Explain the term Conciliation.
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12. 12. What are the internationally accepted modes of Alternate Dispute Resolution?
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13. 13. Discuss the mode in which arbitral proceeding may be terminated.
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14. 14. Define the term Arbitral Award.
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15. 15. When Arbitral proceeding commences?
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SECTION II - Part B descriptive questions, examination of 02/06/2022, each carrying 10 marks (attempt any seven of twelve) 70 Marks

1. 1. Explain the consensus theory of contract.
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2. 2. What are the essentials of valid agreement?
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3. 3. Enumerate list of agreements which are declared void under law of contract.
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4. 4. Elaborate standard form of contract and exception clauses in detail.
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5. 5. What are the remedies available for breach of contract?
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6. 6. Contrast and compare Wagering agreement and Contingent contract.
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7. 7. Discuss in detail the principle of natural justice in context to arbitral proceeding.
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8. 8. What is the difference between the Arbitration Act, 1940 and the Arbitration and Conciliation Act, 1996?
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9. 9. Discuss the roles, powers and functions of conciliator under the Arbitration and Conciliation Act, 1996?
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10. 10. Enumerate and Discuss objectives of the Arbitration and Conciliation Act, 1996.
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11. 11. Discuss the grounds for challenging the Arbitral Award.
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12. 12. Explain the rule 'no consideration no contract".
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SECTION III - Form 20989, examination of 25/01/2023. Answer any four questions, all questions carry equal marks, answer in neat and legible hand writing, quote relevant case laws where necessary (any four of seven) 100 Marks

1. 1. What is "LokAdalat"? How it helps as a measure of alternative dispute resolution? Discuss the effectiveness of the "LokAdalat" is resolving the disputes.
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2. 2. Define term "Arbitral Tribunal". Discuss Composition, Powers and functions of Arbitral tribunal.
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3. 3. Define term "Arbitral Award". Discuss in detail grounds for challenging Arbitral Award.
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4. 4. Enumerate in detail various void agreements under Indian Contract Act, 1872.
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5. 5. Discuss in detail the concept of "Free Consent" under the Law of Contract.
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6. 6. Discuss the foundation theories of Contract law.
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7. 7. Write Short Notes on ANY THREE of the following
   • a. Appeal against arbitral award
   • b. Disqualification of Arbitrator
   • c. Doctrine of Privity of contract
   • d. Time as an essence of contract
   • e. Arbitration Clause
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