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.9- DISCUSS THE ESSENTIALS OF VALID OFFER AND ACCEPTANCE
(SEC 2 a – 2 b )
Q.10- WHAT IS FRUSTRATION OF CONTRACT. DISCUSS THE GROUNDS ON WHICH CONTRACT IS FRUSTRATED. DISCUSS THE EFFECTS OF FRUSTRATION.
(SEC 56)
SHORT AND VERY SHORT
• LIQUIDATED DAMAGES – SEC 73
• UNLIQUIDATED DAMAGES – SEC 74
• NOVATION OF CONTRACT – SEC 62
• ANTICIPATORY BREACH OF CONTRACT- SEC 39
• WAGERING AGREEMENT – SEC- 29
• OFFER AND ACCEPTANCE – SEC 2 a & 2 b
• UNLAWFUL OR ILLEGAL AGREEMENT – SEC 23- 24
• QUASI CONTRACT
• DOCTRINE OF FRUSTRATION – SEC 56
• CONSIDERATION – SEC 2 d
• MISTAKE OF LAW
• UNILATERAL MISTAKE
• BILATERAL MISTAKE
• DIFFERENCE:
i. FRAUD AND MISREPRESENTATION
ii. WAGERING AND CONTINGENT CONTRACT
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Q.1 Define Promissory notes. What are essentials? What is difference from B/E?
Q2. Short note on B/E
Q3. Short note on Chequ
Q4. What is crossing of cheque? What are its types?
Q5. What is inchoate stamped instrument ?
Q6.Short note on bearer instrument
Q7. "Dishonor for cheque for insufficient funds is a criminal offence. Explain.
Q8. What are the different types of endorsements under Negotiable Instruments Act
Q9. Who is holder in due course? What are his privileges
Q10. What are material alterations?

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