CSS Forums - Mercantile Law 2020 Subjective Question Paper

When I was about to select subjects for CSS 2020, everyone that I know warned me against picking Mercantile Law as an optional subject.

I will be honest that I could not prepare for this subject at all and could not even see the syllabus of the subject because of my unnecessary focus on other subjects.

But I have to say that this was easily my second best paper so far (best being English essay).

Following are the questions of Mercatole Law 2020 Subjective portion:

2. Plaintiff offered to purchase a lodge owned by defendants for Rs. 60,000/- He wrote the defendant's agent asking whether his offer had been accepted and saying that he was prepared to accept any higher price if found reasonable. The Agent replied, "Won't accept less than rupees one hundred thousand". The plaintiff accepted this and subsequently brought a suit for specific performance. Was a Contract concluded between the parties? Give reasons.

3. How will one differentiate between a void agreement and an unlawful agreement? Explain the agreements which have been expressly declared as void.

4. What are "Conditions and Warranties"? Differentiate between the two and explain the "Implied Conditions" in a Contract of Sale.

5. Companies hold various kinds of meetings to regulate their business. Explain those meetings with special reference to the "Statutory Meetings" and the "Statutory Report".

6. Partnership is a relation between the person's who have agreed to share the profits of a business carried on by all or someone acting on behalf of others. In view of this statement explain as to what are the ingredients of a partnership? What is the test required to determine the existence of a partnership?

7. What is an "Award"? Describe fully the grounds for setting aside an award. Does a court have the power to set aside an award suo motu?

8. What is meant by "Merger" under the law relating to competition in Pakistan? What is the procedure for the approval of merger? Discuss the powers of the Competition Commission for second phase review.