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Corporate Legal Environment Guide by Mrs Jagmeet Kaur Prepared by Avinandan Kumar
Rounds:
Sections Questions-Answers Leading Cases True-False Identify the Diagram Rapid Fire Examples & Effects
Round 1: Sections
Rules:
This round consists of seven questions for each team. No negative Marking. 20 marks for each right answer. Every team has to give answer in 20 seconds. Question will pass to the next team if previous team fails to give the correct Ans. Time for passed question is 5 seconds and marks are 10.
Round 2: QuestionAnswers
How many parties involved in Carrier and name them? Ans. 3 Parties-Consignor, Consignee & Carrier.
How many parties involved in Insurance and name them? Ans. 2 Parties-Insured & Insurer.
How many parties involved in Bailment and name them? Ans. 2 Parties-Bailor & Bailee.
How many parties involved in Pledge and name them? Ans. 2 Parties- Pledger or Pawner & Pledgee or Pawnee.
Name the parties involved in Guarantee. Ans. Surety, Principal debtor & Creditor.
Which parties are capable to form a Contract? Ans. Major, Person of sound mind & person not disqualified by law.
What are the Different types of Damage? Ans. General Damage, Special Damage, Vindictive Damage & Nominal Damage.
What are the Basis for the Classification of the Contract? Ans. (a)On the basis of Validity. (b) On the basis of Formation. (c) On the basis of Performance.
Consent is said to be free when it is not caused by: Ans. Coercion, Undue influence, Fraud, Misrepresentation & Mistake.
What are the various types of Carrier? Ans. Common Carrier & Private Carrier.
What are the different types of Charter Party? Ans. (a)Voyage charter. (b) Time charter. (c) Charter with or without a lease or demise of the ship.
Leading Case of Offer may be conditional: Ans. Thompson vs L.M. & Railwas,1930.
Leading Case of Acceptance must be communicated to offeror: Ans. Brodgen vs Metropolitan Railway,1877.
Leading Case of Object defeats the provisions of any law: Ans. Rama Murthy vs Gopaya,1963.
Leading Case of Consideration must be move from Promisee: Ans. Chinnayya vs Rammayya,1881.
Leading Case of Minor under the capacity of parties: Ans. Mohori bibi vs Dharmodas Ghosh,1903.
Leading case of Exceptions to the rule of stranger to contract: Ans. Daroti vs Jaspat Rai,1905.
Leading Case of Duty of Agent on termination of agency on Principals death: Ans. Ebrahim vs Chunnilal.
Leading Case of the discharge of surety from his liabilities: Ans. Bonar vs Macdonald,1850.
Leading Case of Consideration must move at the desire of the promisor: Ans. Durga Parsad vs Baldeo,1880.
In novation old contract is replaced by new contract either between the same parties or between the different parties. Ans. True.
Common carrier can refuse to carry goods if the conveyance is already full. Ans. True.
Common carrier has no right to refuse to carry goods in any situation. Ans. False.
Bill of lading is a document acknowledging the shipment of goods signed by the carrier. Ans. True.
Carrier is liable for the damage due to act of god to goods in transit. Ans. False.
Lawful consideration
Possibility of performance
Capacity of parties
Certainty of meaning
Free consent
Lawful object
Lapse of an offer
It must be made with a View to obtaining the assent of the other party
It may be conditional
The acceptor must be aware of the proposal at the time of the offer
It must be lawful
It must be real
By notice of revocation By lapse of time By non-fulfilment of condition precedent By death or insanity By counter offer By the non-acceptance of the Offer according to the prescribed Or usual mode
If it is forbidden by law It is of such a nature that if permitted it would defeat the provisions of any law If it is fraudulent If it involves injury to the person or property of another If the court regards it as immoral If the court regards it as being opposed to public policy
Discharge by performance
Discharge by impossibility Discharge by lapse of time
Injunction
Quantum meruit Damages
Time charter
Charter by demise
Voyage charter
Common carrier
Gratuitous carrier
Private carrier
Mr.X takes on hire a house from Mr.Y for use as a gambling place. Gambling being an illegal act,the contract oh hiring is void.
Mr.X proposes to sell his bike to Mr.Y for Rs 20,000 and Mr.Y accepts this proposal.
A agrees to sell his books to B for Rs100,B promises to pay Rs 100 is the consideration for As promise to sell his books and As promise to sell the books is the consideration for Bs promise to pay Rs 100.
The letter of acceptance is posted by B on 14th.A can revoke his proposal at any time before 14th or before the posting of letter of acceptance.
Y offers to sell his bike to Z for Rs10,000.Z accepts Ys offer. Y delivers the bike to Z and Z pays Rs 10,000 to Y.
Ans.Executed contract
The relationship between the finder of lost goods and its true owner.
Quasi contract
A agrees to have lunch at a friends (B) house on a promised date. But A fails to arrive at Bs house on promised date. Can B sue to A? Justify your answer.
A who owns two cars, one Maruti and the other Santro, offers to sell B one car. A intending it to be the Maruti car. B accepts the offer thinking that it is the Santro. Can they form a valid contract? Give reasons to justify your answer. Ans consent not free
T, who could not read, took an excursion ticket on the railway. On the front of the ticket was printed for conditions see back. One of the conditions was that the railway company would not be liable for personal injuries to passengers. T was injured by a railway accident. Can T sue the railway company for damages and injuries? Give reasons to support your answers. Yes for sue
D offered to sell wool to H on Thursday and agreed to give him three days time to accept. H accepted the offer on Monday, but by that time D had sold the wool. Can H sue D? justify your answer. No accept is not within time
X, a minor insured his goods with an insurance company. The goods were damaged. X filed a suit for claim. The insurance company took the plea that the person on whose behalf the goods were insured was minor. Can the insurance company do so? Justify your answer. Yes
An illiterate woman executed a deed under the impression, that she was executing a deed authorizing her nephew to manage her lands, while in fact it was deed of gift in favor of her nephew. The evidence showed that the woman never intended to execute such a deed of gift nor was deed read or explained to her. Can she file a suit against her nephew? Justify your answer. No
By threat of suicide, a Hindu induced his wife and son to execute a release in favor his brother in respect of certain properties which they claim as their own. What will be the effect of it? Voiadable contract
A poor Hindu widow who was in dire need of money was forced by a money lender to agree to pay 100% rate of interest. What will be the effect of it? Voiadable contract considration is not valid
A person aged over 60 years & thus beyond insurable age, deliberately makes a false statement that he is 48 years old in order to take out an insurance policy. What will its effect? Voidable contract
A, a horse dealer sold a mare to B. A knew that the mare had a cracked hoof, which is filled up in such a way to defy detection. The defect was subsequently discovered by B. what will be the effect of this contract? Voiadable /fraud contract
A intends to sell his horse to B and says, My horse is perfectly sound. a genuinely believes the horse to be sound, although he does not know that the horse has fallen ill yesterday. B there upon buys the horse. Give its effect. No
A seller, within the knowledge of B, the buyer, makes a mistake in writing the figure $1250. What will its effect? A sue to b
A, B & C enter into in an agreement for the division among them of gains acquired or to be acquired by them by fraud. Give its effect. voiadale
A & B contract to marry each other. Before the time fixed for the marriage, A goes mad. What will its effect? Breach of contract
A borrowed Rs. 5,000 from B a money lender and agreed to repay the loan on 31st March, 1986. On 31st March, 1986 A failed to repay the loan. B remains does not demand payment for the same for a period of three years. B cannot recover the amount of loan from A. Why? No
N, a film actress agreed to act exclusively for Worner Bros for one year. During the year she contracted to act for X. but she could not do so. Why?
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It involves the use of physical force. coericion It involves the use of moral pressure. Undue inflence
It can be exercised only by bankers, factors, attorneys and policy brokers. garantee
It can be exercised only against the goods on which bailee has rendered services.
It can be exercised against the goods of property of another in possession of the person exercising the right.
The aggrieved party has the right to claim damages in addition to his right of avoid the contract.
Thank You