AIOU OLD PAPER CODE 460 SPRING 2015 MERCANTILE LAW

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AIOU PAST PAPER CODE 460 MERCANTILE LAW SEMESTER SPRING 2015

Aiou past paper for code 460 for subject course mercantile law for the semester spring 2015 for bachelor level students, especially for B.Com students of Open University Islamabad. Following Tags can be used for searching, aiou old paper code 460, aiou past paper code 460, aiou old paper code 460 spring 2015, aiou past paper code 460 spring 2015, spring 2015 past paper code 460, code 460 aiou past paper spring 2015.

Note: ATTEMPT FIVE QUESTIONS. QUESTION NO.1 IS COMPULSORY.
Q.1:
(A) Fill in the blanks with suitable words: 10
i. The consideration is valid unless it is……………………..by law.
ii. Quasi contracts are also called…………………………
iii. The person to whom guarantee is given is called…………………….
iv. A proposal can be revoked……………….
v. An agreement indticed by coercion is…………………

(B) Which statement is true and which is false: 10
i. A guarantee which covers only one case for twelve months continuously is called a “Continuous guarantee”
ii. A Person if fifteen years of age is competent to enter into a contract.
iii. Negotiation means transfer of an instrument in such a way as to make the other person its owner.
iv. Every partner has got a right to be consulted in the affairs of business.
v. Partners have to work for greatest common advantage.

Q.2: Differentiate the contracts which need not to be performed and need to be performed. 20

Q.3: Define and Differentiate VOID & VOIDABLE Contracts. 20

Q.4: What is Partnership? Discuss characteristics of Partnership. 20

Q.5: Explain the types of contract of Sale. Discuss the formation of contract for sale. 20

Q.6: Define ‘Cheque’ its implications and discuss types of Cheques. 20

Q.7: Define the following terms: 20
(i) F.O.B.Contract of sale
(ii) Bailment
(iii) Guarantee
(iv) Consideration
(v) Undue influence

Q.8: Explain the meanings, characteristics and types of negotiable instrument. 20.

Bachelor Paper: Mercantile Law (460) Semester: Spring 2015 Allama Iqbal Open University

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