[OBJECTIVE]
Subject: Business & Industrial Law
Time Allowed: 10 Minutes
Maximum Marks: 10
NOTE: Attempt this Paper on this Question Sheet only. Please encircle the correct option. Division of marks is given in front of each question. This Paper will be collected back after expiry of time limit mentioned above.
Part-I Encircle the right answer, cutting and overwriting is not allowed. (1×10=10)
Exemplary damages are awarded to: OO SO
a) To compensate aggrieved party b) Not to compensate aggrieved party.
c) Burden of proof d) Non-profit organizations
An expressed contract is a contract when terms of contract are:
a) Created with conduct of parties b) Not properly explained.
c) Unenforceable d) Black & white.
In an executory contract:
a) Terms of contract are clear. b) Contract is written.
c) Some obligations remain to be fulfilled. d) None of these
An agreement between two firms to avoid competition is void because it creates:
a) Competition b) legal complication
c) Uncertainty d) Monopoly
An agreement not enforceable by law is said to be:
a) None of these b) Voidable contract
c) Void contract d) Void agreement
It is not necessary that the consideration must be equal to the value of promise.
a) Agree b) disagree
c) Neither agree nor disagree d) None of these
Ratification means.
a) Acceptance of offer b) Refusal of offer
c) Correction of agreement d) None of these.
8. An agreement with a person of unsound mind Is;
a) Doubt full agreement. b) Void agreement.
c) Accepted by law. D) None of these.
Which of the following statement is truce?
a) Sale of Goods Act applies to the whole of Punjab.
b) Sate of Goods Act applies to the whole of Sindh.
c) Sale of Goods Act applies to the whole of Baluchistan.
d) None of these.
Contingent goods are:
a) Available at the time of contract b) Future goods.
c) None of these d) existing goods.
[SUBJECTIVE]
Subject: Business & Industrial Law
Time Allowed: 2 Hours 45 Minutes
Maximum Marks: 50
NOTE: ATTEMPT THIS (SUBJECTIVE) ON THE SEPARATE ANSWER SHEET PROVIDED.
Part-II Give short answers of the following. (20)
Q#1: Explain void agreement with an illustration.
Q#2: Clarify the contingent contract with illustration.
Q#3: Destine performance of contract.
Q#4: Explain adequacy of consideration. .
Q#5: Elaborate undue influence with example.
Q#6: Explain the position of acceptor if letter of acceptance is lost.
Q#7: Explain coercion.
Q#8: Explain counter offer with example.
Q#9: Explain invitation to offer.
Q#10: Briefly explain implied contract.
Part-III Give brief answers of the following. (30)
Q#1: Differentiate between contracts of indemnity and guarantee.
Q#2: Describe the essentials of bailment with help of illustrations where necessary.
Q#3: Explain the following essentials of contract with an example.
- Possibility of performance.
- Not expressly declared void.
iii. Capacity of parties.
