MERCANTILE LAW 2014

PART-II
NOTE: (i) Part-II is to be attempted on the separate Answer Book.
(ii) Candidate must write Q. No. in the Answer Book in accordance with Q. No. in the Q. Paper.
(iii) Attempt ONLY FOUR questions from PART-II. ALL questions carry EQUAL marks.
(iv) Extra attempt of any question or any part of the attempted question will not be considered

Q.NO. 02 What is misconduct? What remedy is open to the litigating party against whom an appointed arbitrator or umpire commits misconduct? Discuss.

Q.NO. 03 What are qualifications, powers and liabilities of director of public limited company? In what circumstances his office falls vacant?

Q.NO. 04 What are rules of evidence relating to negotiable instrument?

Q.NO. 05 When does communication of proposal, acceptance and revocation become complete? How revocation is made?

Q.NO. 06 What is legal status of a contract entered into by a minor ? Is is enforceable by law? If so, under what circumstances?

Q.NO. 07 What do you mean by implied authority of partner? Discuss liability of firm for partner's act?

Q.NO. 08 " A seller cannot convey a better title than he himself has". Are there any exceptions to this rule? Discuss.