TUTOR MARKED ASSIGNMENT

Course Code : ECO - 05

Course Title : Mercantile Law Assignment

Code : ECO – 05/TMA/2016-17

Coverage : All Blocks

Maximum Marks: 100

Attempt all the questions.

1. (a) All contracts are agreements but all agreements are not contracts. Comment.

(b) Define offer and distinguish between ‘offer’ and ‘invitation to offer’ with examples.

2. What is ‘fraud’? State its essentials and consequences.

3. Explain the following:

i. Stranger to a contract.

ii. Agency coupled with interest.

4. (a) ‘The liability of surety is co-extensive with that of principal debtor’. Elucidate.

(b) An unregistered partnership firm is not illegal but its rights are not enforceable. Comment.

 5. State the rules regarding transfer of ownership from seller to buyer in a sale of goods