LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

B.A. DEGREE EXAMINATION – CORPORATE SECRET.

GF  19

THIRD SEMESTER – APRIL 2008

CR 3500 – MERCANTILE LAW

 

 

 

Date : 26/04/2008                Dept. No.                                        Max. : 100 Marks

Time : 1:00 – 4:00

 

SECTION-A

1. Answer ALL questions: (10×2=20Marks)

 

1. What is “Jus in Personam”? Give an example.
2. What are the two parts of Indian Contract Act?
3. What is an “Executory Contract”?
4. Define “Cross Offers”.
5. What is consideration?
6. Define the term “Privity of Contract”.
7. Define “Warranty”.
8. Define “Charter Party”.
9. What are the terms commonly used in respect of all Insurance Contracts?
10. Define a Factor.

 

SECTION-B

1. Answer any FIVE questions: (5 x 8 = 40 Marks)

 

1. Discuss the Classification of Contracts according to the mode of Creation.
2. Explain about the persons who are disqualified by law to enter into a contract.
3. Define the term “Undue Influence”. What are the essential and legal rules for a valid Undue Influence?
4. Discuss the agency relationship between a husband and his wife.
5. Explain the concept of “Doctrine of Caveat Emptor” and bring out the exceptions of this doctrine.
6. Define the term “Goods”. What the classifications of Goods are as explained under “The Sale of Goods Act”?
7. Define the Contract of Insurance. What are the essentials of a Contract of Insurance?
8. Discuss the Types of Marine Policies.

 

SECTION-C

III. Answer any TWO questions:                                        (2 x 20 = 40 Marks)

 

1. Discuss in detail the essential and legal rules for a valid contract.
2. Discuss in detail the effects of Minor’s agreements under the Indian Contract Act.
3. “Ratification is tantamount to prior authority”. Comment and explain the requisites of a valid ratification.

 

 

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