Time Allowed: 3 hours Maximum Marks:150
Marks are indicated against each question
Answer six questions, taking at least one from each Group
GROUP-A
(Sale of Goods Act)
Q.1.(a) "A buyer cannot acquire better title to the goods than what the seller has." Explain it and discuss the important exceptions to this rule.
(b). What do you mean by 'delivery'? Discuss the rules regarding delivery of goods.
Q.2. Define the following:
(a) Sale and Agreement to Sell
(b) Conditions and Warranties
(c) Unpaid Seller
GROUP-B
(Negotiable Instruments Act)
Q.3.(a) Distinguish between 'Transfer by Negotiation' and 'Transfer by Assignment'.
(b) Does a material alteration of a negotiable instrument make it void? Is there any exception to this rule? Explain, what are the effects of the following alteration:--
(i) Date alteration.
(ii) 'Three Months After' altered 'Three Months After Sight'.
Q.4. (a) Who is a holder in due course? What rights are available to him as such holder?
(b) Explain the penal provision regarding a cheque that bounces for insufficiency of funds.
GROUP-C
(COMPANY LAW)
Q.5. (a) Discuss the positions of company directors.
(b) Under what circumstances can winding up of a company by the Court be possible?
Q.6. What do you mean Memorandum of Association? How can a object clause be altered? Discuss the effect of 'Doctrine of ultra vires' on alteration of Memorandum.
Q.7. (a) What do you mean by 'Misstatement in Prospectus? Discuss the liability for misstatement in prospectus.
(b) What are the kinds of winding up of the company? Explain in detail.
GROUP-D
(Partnership)
Q.8. (a) What ar the essentials of partnership business? Explain the 'Doctrine of Holding Out' and discuss its exceptions.
(b) Can a minor be admitted to partnership? If so, what will be his right and liabilities during his minority and after he has attained majority?
Q.9. What are the rights and obligations o a retiring partner? Explain in detail .
Q.10. (a) Under what circumstances can a partnership firm be dissolved by the Court?
(b) What are the consequences if a partnership firm is not registered?
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