Q2 (a) X, a minor, buys a bike from Z and draws a bill of exchange on Y for Rs. 10, 000, payable to Z on demand. Give short answers with proper reasoning for the following questions.

(i) Can X, the minor, draw this bill of exchange?

(ii) Can Z validly claim payment of amount from Y? (02)

(b) A, a Pakistani importer, agrees with B, an Indian exporter, to import 5, 000 kgs of tomatoes @ Rs. 60 per kilo. After this contract, Pakistani government imposes a ban on the import of Indian tomatoes. Give short answers with proper reasoning for the following questions.

(i) What is the status of the above contract after government's ban on import of Indian tomatoes?

(ii) If A has already paid $ 1, 000 to B in advance, can A claim refund of this amount? (02)

(c) X agrees to sell to Y, Rs. 2, 000 kgs of mangoes @ Rs. 15 per kilo, if such quantity is produced in his farm in the next season. Give short answers with proper reasoning for the following questions.

(i) What type of agreement is made between X and Y?

(ii) What is the kind of goods dealt within this agreement?

Course Title: Business & Industrial Law