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What do you understand by capacity of contract what is the

BUSINESS LAW QUESTIONS -

Q1. What do you understand by capacity of contract? What is the effect of agreement made by a minor person or unsound mind?

Q2. Distinguish between coercion & undue influence?

Q3. Condition and warranties?

Q4. Indemnity and guarantees?

Q5. Promissory note and bills of exchange?

Q6. Explain the concepts of offer and acceptance. Explain the rules regarding offer and acceptance with appropriate case law?

Q7. Explain the following a) types of endorsement b) distinction between bills exchange and cheques?

Q8. Explain the concept of negotiable instruments with characteristics?

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