Ignou student zone_ISZ

    IMPORTANT QUESTIONS ECO 05 1. a) Define the term offer . Explain the legal rules for valid offer for valid offer with examples. b) Who is a minor? A minor is liable to pay for necessaries of life supplied to him. Critically examine this statement. 2. a) What a re the various modes of discharge of a contract? Explain them briefly. b) A stranger to a contract cannot sue. Discuss the exception of this rule. 3. Define bailment. How does it differ from a pledge? Is finder of goods a bailee? 4. What is the doctrine of caveat emptor? What are the exception of this doctrine? 5. Define consideration. Explain the circumstances when consideration is not necessary. 6. Define fraud. What is it effect on the validity of a contract ?How is it differ from misrepresentation? 7. Define partnership. state the circumstances under which partnership firm can be dissolved? Can a minor become a partner? What are the rights and duties of partner? 8. "All contract are agreement but all ag...

IMPORTANT QUESTIONS ECO 05  1. "All agreements are not contract, but all contracts are agreements". Discuss this statement clearly bringing out the essential elements of a valid contract. 2. What is mistake? What are the various kinds of mistake? 3. Define a contract of Indemnity and a contract guarantee. What rights a surely has against a principle debtor, a creditor and a surely? 4. Explain the rights and duties of an agent. 5. a) Define partnership. State the circumstances under which partnership firm can be dissolved?  b) What are the rights and duties of a partner? c) Can a minor become a partner? 6. Distinguish between: Void and Illegal contracts Executive and Executory contracts Express and Impied contracts Misrepresentation and fraud Sale and agreement to sell Coercion and undue influence 7. What are the various modes of discharge of a contract? Explain them briefly. 8. Define Bailment....