CORPORATE LAW – Discuss the term ‘Continuing Guarantee’. How can it be revoked
CORPORATE LAW
(b) State briefly the rights and obligations of a bailee.
(b) Enumerate the acts which are not covered under implied authority.
(i) Sub-agent and Substituted Agent
(ii) Sale, Bailment and Pledge
(b) Distinguish between the following:
(i) Succession and Assignment.
(ii) Contract of Indemnity and Contract of Guarantee.
iii) Kinds of Bailment.
- iv) Anticipatory breach of a Contract.
- a) When is a Surety Discharged from Liability by the conduct of the creditor.
- b) Describe the rules relating to passing of property in the sale of goods.
- a) What is an illegal agreement? State the effects of illegality.
- b) What is ‘Supervening Impossibility’? What are its effect upon the contract?
- c) What are the remedies available to the buyer when goods in wrong quantity delivered to him?
- d) When shall a retired partner be discharged from his liabilities for the acts of the firm before retirement?
- (a) State the principles on which damages are assessed for breach of contract.
- (b) Describe the law relating to the ‘right of resale’ available to an unpaid seller in the Sale of Goods Act, 1930.
- a) What are the rules regarding delivery of goods?
- b) Distinguish between:
- i) Novation and Alteration.
- ii) Liquidated damages and penalty
- a) Transferee of a partner’s interest cannot exercise the right of transferring partner.
- b) Appropriation is a right primarily of the debtor and for his benefit.
- c) A proposal can be revoked otherwise than by communication.
- d) Right of stoppage in transit is an extension of the right of lien.
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