Attempt all the given questions:
Question 1:
a) What do you mean by the term contract? Distinguish between agreement and contract.
b) Describe the distinct basis of classification of contracts.
Question 2:
a) Describe the rights and liabilities of the common carrier.
b) Define ‘agent’ and ‘principal’. Describe the circumstances when the agency can be terminated by operation of law.
Question 3:
a) What are the agreements which have been expressly declared void by law?
b) Discuss agreements in restraint of marriage, trade and legal proceedings.
Question 4:
a) Discuss the provisions of Sale of Goods Act associating to the implied conditions in a contract of sale by ‘sample’ and ‘sale by description’.
b) Discuss the importance of transfer of ownership in a contract of a sale.
Question 5:
a) Define the term partnership. What are its necessary characteristics? Describe.
b) Describe the legal position of a miner as a partner.