IMA 5001 COMMERCIAL LAW QUESTION BANK – MO/2013

1. Define contract? What are the essentials of a Valid Contract?
2. Discuss the various kinds of contract on the bases of:
1. Formation b. Enforceability c. Execution
3. What is the difference between a Void Agreement and a Void Contract?
4. Define agreement. How an agreement is different from a contract.
5. “All contracts are agreement but all agreements are not contract” explain
6. Briefly explain the various ways of discharging a contract.
7. Define actual performance.
8. Write note on attempted performance or tender.
9. Explain the legal rules of performance by Joint Promisees.
10. How a contract is discharged by mutual consent or agreement.
11. By subsequent or supervening impossibility
12. Define breach of contract. Briefly explain the types of breach.
13. Discuss the various remedies for breach of contract in detail.
14. Discuss the definition and essentials of contract of indemnity.
15. Discuss the definition and essentials of contract of Guarantee.
16. Discuss the definition and essentials of contract of Bailment.
17. Discuss the definition and essentials of contract of Pledge.
18. Discuss the definition and essentials of contract of Agency.
19. Define the contract of sales and discuss its essentials.
20. What is the difference between Sales and agreement to sell?
21. Define conditions and Warranty
22. What do you mean by performance of contract of sale?
23. Define delivery. What are the modes of delivery?
24. Discuss the legal rules of delivery of goods.
25. Write note on acceptance of delivery by buyers.
26. What are the rights of unpaid seller against goods? Discuss.
27. Discuss the rights of unpaid seller against buyer personally.
28. Discuss the various rights of buyer against seller.  
29. Define Partnership? What are the essentials of partnership?
30. How do we do the test of a partnership firm to know its existence as a ‘Partnership Firm?
31. Discuss the differences between the partnership and company.
32. Write a detailed note on the formation of a partnership firm.
33. Briefly explain the various kinds of partners in a partnership firm.
34. Discuss in detail the dissolution of partnership firm.

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