question bank - Law of Contract - LLB

1. What is contract of Indemnity? Explain the right of indemnity holder. Distinguish between contracts of Indemnity & Contract of Guarantee.

2. Discuss the nature, rights and liabilities of a Surety.

3. Explain the essential feature of Guarantee. What are the liabilities & rights of the Surety? Can the surety discharge from his liability? What is the difference between contract of Guarantee and Indemnity?

4. Liability of surety is co-extensive with that of Principal debtor.

                                     UNIT-II

1. Explain the standard of care required of a bailee in respect of goods bailed to him.

2. What can be pledged? Who can make the valid Pledge? Differentiate between Pledge & Lien.

3. What is bailment? What are the essentials of bailment? What are the duties & rights of Finder of lost goods as a bailee?

 4. What is Pledge? Distinguish between Pledge and Bailment.

                                    UNIT – III

1. What is Agency? What are the various modes of creating Agency relationship? Also describe the different kinds of Agent.

2. What are the circumstances in which agency is terminated?

3. Discuss fully the extent of Principals liabilities to third parties for the act of Agent.

4. Define the term sub-Agent. How for is principal bound by the acts of sub-agent? Distinguish between sub-agent and substituted Agent.

                                   UNIT- IV

1. Sharing of profits in business is not conclusive evidence of the existence of Partnership. Discuss with the help of relevant case law.

2. How the firm is registered? What is the effect of Registration & Non registration of firm?

3. Distinguish between partnership business and joint Hindu family business.

4. Discuss the essentials of Partnership firm.

5. Define the principal of Holding out.

6. What are the provisions of dissolution of partnership Firm?

                                  UNIT- V

Write short notes on the followings:-

i)               Continuing Guarantee.

ii)            Co-Sureties.

iii)         Feature of Bailment.

iv)          Rights of Pawnee to redeem.

v)             Kinds of Agent.

vi)          Agency by Ratification.

vii)       Nature of Partnership.

viii)     Registration of Firm.

ix)          Termination of Agency.

x)             Rights & duties of finder of lost goods.

xi)          Modes of discharge of surety.

xii)        Doctrine of Holding out.

xiii)     Minor admitted to benefit of partnership.

xiv)      Dissolution of firm.

xv)        General lien & Particular lien.

xvi)      Difference between Hypothecation & Pledge.

xvii)   Co-ownership & Partnership.

xviii)Partnership at will.

xix)      Dormant Partner.

xx)         Ostensible authority.

xxi)      Sub Agent & Substituted Agent.

xxii)   Pledge &Mortgage.