Description
| University : | IGNOU |
|---|---|
| Program : | BCOM |
| Course Code : | ECO-5 |
| Course Title : | Mercantile Law |
| Medium : | English Medium |
| Session : | July 2019 and January 2020 (2019-20) |
| Max Marks : | 100 |
| Weightage : | 30% |
| 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.
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