Q. No. Questions Marks 1 33 2 33 Every business transaction is backed by a contract that specifies the mutual rights and liabilities of the parties. Briefly explain the essentials of a valid contract under the Contract Act 1872. The daily buying and selling of goods is governed by the Sales of goods Act 1930. You are required to elaborate the following points under the Sales of Goods Act 1930, i. Rights of buyers and sellers ii. Provisions regarding delivery of goods iii. Let the buyer be aware As a student of business law, comment on following; i. Rights of partners under the Partnership Act 1932 ii. Essentials of Bills of Exchange under the Negotiable Instrument Act 1881 iii. Rights of workers under the Workers Welfare Ordinance 1971 3 34