Business Law past/Previous question paper
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Q1. Differentiate between contract of guarantee and indemnity. What are the essentials of contract of guarantee?(10)
Q2. How contract of bailment is different from contract of pledge? Discuss the rights and duties of bailor.
Q3. Who are agent and principal in contract of agency? In how many ways the contract of agency can be terminated (10)
Q4. How a contract can be discharge by breach and subsequent impossibility? Support your
Answer with suitable example (10)
Q5. Briefly discuss the following with example. (10)
- Kinds of bailment
- General and special agent
- Promissory note and bill of exchange
- Pledger and pledgee
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