Question No: 01 (a) Adam sells goods to John to be sent by rail. A bill of lading is made in John's name. The goods are lost in transit. Who is liable? (5) (b) A Contract can be a valid contract and void contract, write here Essentials of valid contract? In your opinion if some essentials of contracts are missed than it will remain valid contract or not? (5) (c) Waqas sells his cycle to Abid for Rs 20,000 and promises to deliver it within one week. Oliver offers him Rs. 30,000 for the same cycle. Waqas, who still has the possession, agrees to sell it to Oliver. Does Oliver get a good title