CSS Mercantile Law Past Paper 2020
PART-II (Subjective) 80 Marks
Attempt ONLY FOUR questions from PART-II. (20×4)
PART-II
Q. No. 2. A plaintiff offered to purchase a lodge owned by defendants for Rs. 60,000/-. He wrote to the defendant’s agent asking whether his offer had been accepted and expressed willingness to accept any higher price if found reasonable. The agent replied, ‘Won’t accept less than Rs. 100,000’. The plaintiff accepted this and subsequently brought a suit for specific performance. Was a contract concluded between the parties? Provide reasons.
Q. No. 3. How can one differentiate between a void agreement and an unlawful agreement? Explain the agreements that have been expressly declared as void.
Q. No. 4. What are ‘conditions and warranties’? Differentiate between the two and explain the ‘implied conditions’ in a contract of sale.
Q. No. 5. Companies hold various kinds of meetings to regulate their business. Explain these meetings with special reference to the ‘statutory meeting’ and the ‘statutory report’.
Q. No. 6. Partnership is a relationship between persons who have agreed to share the profits of a business carried on by all or someone acting on behalf of others. In light of this statement, explain the ingredients of a partnership and the test required to determine the existence of a partnership.
Q. No. 7. What is an ‘award’? Describe fully the grounds for setting aside an award. Does a court have the power to set aside an award suo motu?
Q. No. 8. What is meant by ‘merger’ under the law relating to competition in Pakistan? What is the procedure for the approval of a merger? Discuss the powers of the Competition Commission regarding the second-phase review.