CSS Mercantile Law Past Paper 2010
PART-II (Subjective) 80 Marks
Attempt ONLY FOUR questions from PART-II. (20×4)
PART-II
Q.2. What is the difference between Memorandum and Articles of Association of a Company? Is it essential to register the Articles of Association signed by the Subscribers to the Memorandum? What is the alternative if these are not registered?
Q.3. Loans by a Company Limited by shares, other than a Private Company, on the security of its own shares to a person to enable him to purchase its own shares is strictly prohibited. What are its exceptions? What action can be taken in case of a contravention?
Q.4.
(a) What do you understand by the expression Caveat-emptor?
(b) Define a “Warranty” and distinguish it from a “Condition” with reference to a contract of the Sale of Goods Act.
Q.5. Define “Dissolution of a firm”. Explain various modes of the dissolution of a firm.
Q.6. State the rules for determining a partner’s mutual relations. Explain fully.
Q.7. What are void and voidable agreements? State fully, quoting law.
Q.8. Define and explain “Consent” and “Free Consent”. Is it essential for the validity of a contract that the consent should be free? What do you mean by “the parties ad idem”?