BCOC-133 Business Law – Assignment Answer Compilation
Below are the links to all the answers for the BCOC-133 assignment:
- Who are treated as persons of unsound mind? State the legal positions of contracts with such persons.
- “Insufficiency of consideration is immaterial, but a valid contract must be supported by lawful and real consideration.” Comment.
- Explain the law related to ambiguous and inchoate instruments.
- What are the rules regarding settlement of accounts of a firm after dissolution? Explain fully.
- Discuss the essentials of a contract of bailment and state the rights and duties of a bailee.
- “An agreement in restraint of trade is void”. Examine this statement mentioning exceptions, if any.
- Define and distinguish between ‘condition’ and ‘warranty’.
- Define an unpaid seller. What are his rights?
- Discuss the common features among promissory note, bill of exchange and cheque.
- Define ‘agent’ and ‘principal’. Can a minor be an agent? Discuss.
- “In commercial and business agreements, the presumption is that the parties intend to create legal relations.” Comment.
- “Mere silence as to facts is not fraud”. Explain with examples.