Important questions - business law
Q.1- DISCUSS THE ESSENTIAL ELEMENTS OR LEGAL RULES OF VALID CONTRACT? (SEC- 2h)- (SEC 10 ) Q.2- WHO IS COMPETENT TO CONTRACT? DISCUSS THE PRINCIPLES OF LAW LAID DOWN IN MOHIRI BIBI V. DHARMODAS GHOSH? (SEC 11-12) Q.3- WHO IS MINOR? CAN A MINOR ENTERS INTO A AGREEMENT? WHAT ARE THE EFFECTS OF MINORS AGREEMENT OR POSITION/ STATUS OF MINOR IN AGREEMENT (SEC- 10, 11, 12) Q.4- DEFINE CONSIDERATION AND STATE THE EXCEPTION OF THE RULE “AGREEMENT WITHOUT CONSIDERATION IS VOID. WHAT ARE VARIOUS KINDS OF CONSIDERATION.” (SEC- 2 d –sec 25) Q.5- WHAT DO YOU UNDERSTAND BY FREE CONSENT? DISCUSS THE EFFECTS OF FRAUDS, UNDUE INFLUENCE. (SEC- 13, 14 & 15-22) Q.6- WHAT DO YOU MEAN BY VOID AGREEMENT. EXPLAIN THE PROVISIONS RELATING TO THE VOID AGREEMENT. (SEC. 25- 30) Q.7- WHAT IS CONTINGENT CONTRACT. EXPLAIN ITS DIFFERENCE WITH WAGERING AGREEMENT .(SEC. 31-36) Q.8- DISCUSS THE PROVISION OF INDIAN CONTRACT ACT RELATING TO QUASI CONTRACTUAL OBLIGATION OR QUASI CONTRACT. Sec 68-71 Q....