The main essential of a valid contract is an agreement. In a contract, there has to be an offer and acceptance. Proposal and offer are used interchangeably. Proposal is defined as when a person signifies to another, his willingness to do or to abstain from doing anything, with a view to obtaining the assent of that other to such act or abstinence he is said to make a proposal. Offeror is a person who makes the offer or promise. Offeree is the person to whom the offer is made. Promisor is the one who accepts the offer.
Here we present Business Law Practice Question Paper Set 11:
Q.1) Write short notes on any 3: 15 marks
a) Explain rights of a copyright holder
b) Annual General Meeting of a company
c) Objects of consumer protection act
d) Maturity period and days of grace as per N.I. Act
e) Auction sale as per sale of goods act
f) Explain rules relating to valid offer
Q.2) Explain unfair trade practices under consumer protection act. – 15 marks
Q.3) Define consideration under contract act and explain it. – 15 marks
Q.4) Explain the term patent and explain what is patentable and what is not patentable. – 15 marks
Q.5) State the essential features of N.I. – 8 marks
Q.6) Explain types of cheques. – 7 marks
Q.7) State various rights of unpaid seller against the goods. – 15 marks
Q.8) Explain abject clause of the memorandum of a company. – 15 marks
Q.9) Define and explain: 15 marks
1) Goods
2) Condition
3) Free consent
4) Promissory Note
5) Prospectus
6) Defect
7) Trade mark
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