Assignment bl kmb 207 sakib
- 1. Assignment 1 Q1. “All agreements are not contracts but all contracts are agreements”. Discuss the statement explaining the essential elements of a valid contract. Q2.Distinguish between the following classes of contracts: a) Express and implied contracts. b) Executed and executor contracts c) Void, valid and voidable contracts d) Void agreements and void contracts Q3. Attempts the following problems, giving reasons: 1. A forcedB to enter into a contract at the point of pistol. What remedy is available to B. if he does not want to bound by the contract? 2. D lived as a paying boarder with a family. He agreed with the members of the family to share prize money of a newspaper competition. The entry sent by D won a prize of Rs. 100000. He refused to share the amount won. Can the members of the family recover their share? What remedies available to the family members against D? Q4. State the grounds upon which a contract may be discharged. Q5. What are the various remedies available to a party in case of breach of contract? Q6. What is a Quasi Contract? Enumerate the quasi contract dealt with Indian contract act 1872. Q7. What is agency? How can an agency created and terminated? Describe the rights and duties of an agent towards his principal. Assignment 2 Q1. Explain the term negotiable instruments. Discuss its characteristics. What are the presumptions in respect of negotiable instruments? Q2. Describe different kinds of negotiable instruments. How negotiable instrument act, 1881 is useful for business. Q3. Can a promissory note be made payable to bearer. Discuss the common features of a promissory note, bill of exchange and cheque. Q4. When a negotiable instrument said to be discharged? What is the difference between discharge of an instrument and discharge of a party to an instrument? Q5. Define partnership. Explain the essential elements of a partnership. Is there any difference between partnership and firm. Q6. What is meant by dissolution of a firm? Discuss kinds of dissolution of a firm. Q7. Explain the procedure of getting a partnership firm registered. Q8. What is the meant by implied authority of partners?