PMS KPK 2013
Mercantile Law
Ques 1: "Contract without consideration is void", what are the exceptions to this rule? Discuss in detail.

Ques 2: Under what circumstances parties have legal rights and duties enforceable by law even without making a formal contract under the provision of Contract Act 1872?

Ques 3: How shares in a company registered under companies ordinance, can be transferred? Discuss the law and procedure on the subject.

Ques 4: Can a statement in lieu of prospectus be filed? If yes, under what circumstances?

Ques 5: What are implied authorities of a partner? What matters have been specifically excluded from such authority?

Ques 6: Define and distinguish between condition and warranty. When a condition decends to the level of warranty?

Ques 7: What are special rules of evidence for negotiable instruments?

Ques 8: Settlement of dispute under Arbitration Act is one of the best way to clear pendency of suits in civil courts. Do you agree? Discuss in detail.