Answer the following

Q1

1. Promises which form the consideration or part of the consideration for each other are

called as ------------------

1. Mutual promises

2. Reciprocal promises

3. Promises

4. Written Promises

2. Performance of the conditions of a proposal, or the acceptance of any consideration for a

reciprocal promise which may be offered with a proposal, is an ------------------- of the

proposal

1. Acceptance

2. Mutual Acceptance

3. Written Acceptance

4. Reciprocal Promise

3. All agreements are ------------------ if they are made by the free consent of parties

competent to contract, for a lawful consideration and with a lawful object, and are not

hereby expressly declared to be void.

1. Standard forms of contracts

2. Contracts

3. Enforceable Contracts

4. Quasi contracts.

4. When, at the desire of the promisor, the promisee or any other person has done or

abstained from doing, or does or abstains from doing, or promises to do or to abstain from

doing, something, such act or abstinence or promise is called a consideration for the promise

is defined under ------------------

1. Section 2(e)

2

2. Section 2(f)

3. Section 2 (a)

4. Section 2(d)

5. Every promise and every set of promises, ----------------------------------------- is an

agreement

1. In exchange for each another

2. Forming the consideration for each other

3. Mutually agreed

4. Partially agreed

Q2

Q1. A gives an offer in the newspaper for the sale of his HP laptop for Rs. 15000. He also stated that Those who are willing to purchase can send a message to his mobile."" In this simple case consider the following situation and discuss the solution:

Question:

a) B was interested to purchase the laptop and sent a message stating that he wish to purchase for 12000. Was it an acceptance is given by B-

b) B was interested to purchase the same but he asked C to message on behalf of B. and C messaged as follows

"My friend B is interested to purchase your laptop for 15000" . Here is this a valid Acceptance? is A binded by the acceptance.

c) B who is much interested in purchasing the laptop had called Mr.A and given the acceptance through his phone. Is A obliged for acceptance given by

Q2. Mr. X invited Mr. Y his business partner for X's sisters marriage. Y accepted the invitation in this ground X booked a table in a costly hotel where the marriage takes place. Due to some reason Y could not attend the function. What type of contact is this. Is this a valid contract. Justify your answer.

Q3.a. Mr. A bought a printer from an electronics store for using it at home. The TV was defective. Is Mr. A a consumer?

Q4.Mr. X went to a electronic shop to purchase a TV for his newly built house. He asked the information about Samsung 40 inches LED TV to the shop keeper. The shop keeper being a dealer of other brands misguide the customer stating that Samsung had planned to stop the production of 40 Inch LED TV's. The shopkeeper made the customer believed the same and advice him to purchase some other brand.

The act of Shop keeper is Restrictive trade practice or Unfair trade practices?

Q5. On 1st March 2017, Alex agreed to sell his car to Beny for Rs. 80,000. It was agreed between themselves that the ownership of the car will transfer to B on 31st March 2017. when the car is gets registered in Beny`s name. Justify whether it is sale or agreement to sell.

Q6. Anay purchased a second hand typewriter from Balu. Anay used it for sometime and also spend some money on its repairs. The typewriter turned out to be stolen one and as such Anay had to return it to the true owner chand. Is it a breach of Warranty or not. What remedy will Anay get?