Bachelor’s Degree Programme – BDP Solved Assignments for July 2017 and January 2018 Admission Cycles
BDP Tutor Marked Solved Assignment
Course Code : ECO – 05
Course Title : Mercantile Law
Assignment Code : ECO-05/TMA/2017-18
Coverage : All Blocks
Elective Course in Commerce
ECO – 05: Mercantile Law Solved Assignment for 2017-18
Following are the questions of Elective Course in Commerce ECO-05 : MERCANTILE LAW of IGNOU – B.COM Assignment. To download answers of all the questions of this assignment in Hindi or English click on the question, you can view or download the answer there.
Question 1.(a) Define „Offer‟ and „Acceptance‟. Differentiate between cross offer and invitation to offer with suitable example.
Question 1.(b) What is consideration? “Consideration need not be adequate”? Comment
Question 2.(a) What are void agreements? Explain “agreement in restrain of trade” and „agreement in restraint of marriage‟ with examples.
Question 2.(b) Who is a minor? “An agreement with minor is void-ab-initio”. Discuss?
Question 3.(a) Differentiate between dissolution of firm and dissolution of partnership. How can a firm be dissolved by an order of the Court?
Question 3.(b) Can a minor be admitted in the benefits as a partner in a partnership firm? Explain his position on attaining majority.
Question 4.(a) Define condition and warranty in a contract of sale of goods, when condition be treated as a warranty
Question 4.(b) Explain the duties of a bailee.
Question 5.(a) Explain the circumstances when an agent become personally liable
Question 5.(b) What is the difference between contract of indemnity and contract of guarantee?