|Course Code :||ECO-5|
|Course Title :||Mercantile Law|
|Medium :||English Medium|
|Session :||July 2019 and January 2020 (2019-20)|
|Max Marks :||100|
|Last Date of Submission :||15th March, 2020 (for July 2019 session)
15th September, 2020 (for January 2020 session)
|Solution Type :||Softcopy (PDF File)|
TUTOR MARKED ASSIGNMENT
|Course Code||: ECO-05|
|Course Title||: Mercantile Law|
|Assignment Code||: ECO-05/TMA/2019-20|
|Coverage||: All Blocks|
Maximum marks: 100
Attempt all sections.
- (a) Explain with example communication of offer and communication of acceptance.
(b) Explain the term ‘consideration’ and state the exceptions to the rule ‘No Consideration No Contract’
- (a) Distinguish between:
i) Condition and Warranty.
ii) Right of lien and right of stoppage of goods in transit.
(b) Who is competent to contract? State the position of agreements by a minor.
- Is registration of a partnership firm compulsory? What are the effects of non-registration of a partnership firm?
- What is an agent? When is an agent personally liable to the third parties?
- Explain the rule that “a person cannot give a title better than what he himself has”. Are there any exceptions to this rule? Discuss.