Business Laws
Business Laws
Business Laws
Name : .....................
Part A
Answer any ten questions.
Each question carries 2 marks.
3. "An agreement entered into on the basis of natural love and affection is valid even if not
supported by consideration". Do you agree?
8. What is pawn?
9. Define sub-agency.
10. Explain whether a principal has authority to revoke the authority of the agent unilaterally.
15. What are the rights of an indemnity holder when a case is filed against him?
18. What is meant by implied agency? Explain the various types of implied agency.
19. Explain the concept of 'personal liability of an agent'. Describe few situations where he is
personally liable.
21. What are the rules regarding delivery of goods under a contract of sale?
(6×5=30)
Part C
Answer any two questions.
Each question carries 15 marks.
25. Briefly explain the differences between a 'sale' and an 'agreement to sell'.
(2×15=30)
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