CSS Mercantile Law Past Paper 2011
PART-II (Subjective) 80 Marks
Attempt ONLY FOUR questions from PART-II. (20×4)
PART-II
Q.2. Discuss the statutory liability both civil and criminal which arises as a result of an untrue statement in a prospectus.
Q.3. What are the modes in which the maker, acceptor, or endorser of a negotiable instrument is discharged?
Q.4. How will you distinguish a mistake of fact from a mistake of law? Discuss their legal effect on a contract.
Q.5. What is meant by the expression ‘passing of property’? Discuss the law which governs the transfer of property as between the seller and the buyer.
Q.6. Discuss the scope and extent of the powers of a judicial authority to stay legal proceedings where there is an arbitration agreement. Elaborate as to what amounts to “taking any step in the proceeding.”
Q.7. Write a comprehensive note on the relations of partners to one another.
Q.8. Write short notes on any TWO of the following:
(a) Insurance Appellate Tribunal
(b) Fiduciary Relationship
(c) Goodwill