CSS Mercantile Law Past Paper 2024
PART-II (Subjective) 80 Marks
Attempt ONLY FOUR questions from PART-II. (20×4)
PART-II
Q.2. Describe the relationship, if any, between separate legal personality and limited liability of the corporate form of business.
Q.3. What is meant by charge? Explain the legal nature and significance of floating charge in company law.
Q.4. In the presence of majority rule, how well are minority shareholders protected in the Companies Act 2017?
Q.5. In the light of the Competition Act 2010, discuss six of the most common practices in Pakistani markets that prevent, restrict, reduce, and distort competition through abuse of dominant position.
Q.6. Discuss the basic legal features of a partnership agreement and the rights of a partner by estoppel in the light of the Partnership Act.
Q.7. Explain the meaning and legal function of negotiable instruments in the light of the Negotiable Instruments Act 1881.
Q.8. Write notes on any two of the following:
(a) Cumulative voting
(b) Legal status of promoters
(c) Doctrine of indoor management