Note- These questions are updated annually, unit-wise, to make your exam preparation easier. Best of luck!

Unit-I: Indemnity, Guarantee, Bailment & Pledge

Syllabus: Contract of Indemnity, definition – Rights of Indemnity holder – Liability of the indemnified – Contract of Guarantee – Definition of Guarantee – Essential characteristics of Contract of Guarantee – Distinction between Indemnity and Guarantee – Kinds of Guarantee – Rights and liabilities of Surety – Discharge of surety. Contract of Bailment – Definition of bailment – Essential requisites of bailment – Kinds of bailment – Rights and duties of bailor and bailee – Termination of bailment – Pledge – Definition of pledge – Rights and duties of Pawnor and Pawnee – Pledge by non-owner.

6 Mark Previous Important Questions

1. Rights of Indemnity Holder
2. Pledge by Non-owner
3. General Lien
4. Co-sureties
5. Kinds of Guarantee
6. Pledge
7. Continuing guarantee
8. Particular lien

15 Mark Previous Important Questions

1. What are the rights of surety against the creditor, principal debtor and co-sureties?
2. State the meaning of Bailment and discuss the rights and duties of Bailee.
3. Explain the rights and duties of bailor and bailee.
4. Explain the circumstances in which a surety is discharged from liability.
5. Define guarantee and explain the extent of liability of surety.

Unit-II: Agency

Syllabus: Contract of Agency – Definition of Agent – Creation of Agency – Rights and duties of Agent – Delegation of authority – Personal liability of agent – Relations of principal and agent with third parties – Termination of Agency.

6 Mark Previous Important Questions

1. Submitted Agent / Substituted agent
2. Termination of agency

15 Mark Previous Important Questions

1. What are the various ways in which the relation of agency arises?
2. Discuss the different modes in which the authority of an agent may be terminated.
3. What is meant by agency through ratification? State the conditions that must be fulfilled before the doctrine of ratification can apply to an act of an agent.

Unit-III: Contract of Sale of Goods (Formation)

Syllabus: Contract of Sale of Goods – Formation of contract – Subject matter of sale – Conditions and Warranties – Express and implied conditions and warranties – Pricing – Caveat Emptor – Hire Purchaser Agreements.

6 Mark Previous Important Questions

1. Caveat Emptor
2. Different types of goods
3. Future goods
4. Agreement to sell
5. Hire-purchase agreement

15 Mark Previous Important Questions

1. Define conditions and warranties and explain the implied conditions and implied warranties.
2. Discuss the implied conditions and warranties in a contract for the sale of goods.
3. Briefly explain the conditions and warranties implied by law in a contract for the sale of goods.

Unit-IV: Sale of Goods (Property, Delivery & Rights)

Syllabus: Property – Possession and Rules relating to passing of property – Sale by non-owner – Nemo dat quad non habet – Delivery of goods – Rights and duties of seller and buyer before and after sale – Rights of unpaid seller – Remedies for breach.

6 Mark Previous Important Questions

1. Unpaid Seller
2. Right of stoppage in transit
3. Nemo dat quad no habet

15 Mark Previous Important Questions

1. When is a seller deemed to be an unpaid seller of goods and what are his rights?

Unit-V: Partnership

Syllabus: Contract of Partnership – Definition and nature of partnership – Formation of partnership- Test of partnership – Partnership and other associations – Registration of firm – Effect of non-registration – Relations of partners – Rights and duties of partners – Property of firm – Relation of partners to third parties – Implied authority of partners – Kinds of partners – Minor as partner – Reconstitution of firm – Dissolution of firm – Limited Liability Partnership (LLP).

6 Mark Previous Important Questions

1. Property of the firm
2. Minor as a partner
3. Characteristics of partnership
4. Rule in Garner v. Murray
5. Dormant Partner
6. Dissolution of Partnership
7. Dissolution of partnership firm

15 Mark Previous Important Questions

1. Define contract of partnership and explain the essential elements for formation of a partnership.
2. “A partner is the agent of the firm for the purposes of the business of firm” Examine.
3. What is the legal position of a minor partner in a firm?
4. “The law of partnership is nothing but an extension of the law of principal and agent”. Explain.