BUSINESS LAW 2008 (PRIVATE)
Time : 3 Hours Max. Marks:100
Instructions: Attempt Four questions from Section-”A”, and Two questions from Section “B”
SECTION “A” (COMMERCIAL LAW)
1.(a) How contract is classified? (12)
(b) State briefly essential elements of an offer, (06)
2.(a) How will you decide that the object of an agreement is Lawful? (10)
(b) Why an insolvent is not allowed to join a contract relating to his property? (07)
3.(a) What is Pledge? How does it differ from Bailment?
(b) Discuss the rights of an Agent. (10+07)
4. Write short notes on any THREE of the following. (18)
(i) Active Partner
(v) Unpaid Seller
5.(a) What are the various modes of dissolution of the firm? (12)
(b) State briefly the advantages or benefits if the firm is registered? (05)
6.(a) Define Negotiable Instruments (05)
(b) Differentiate between Cheque and Promissory Note (08)
(c) A bill is drawn, payable at 5012 block 2 PECHS.Karachibut does not contain the name of the drawee B. who lives there, accepts the bill. Is it a valid bill? (04)
7.(a) What Is meant by free consent, when is consent said to be free? (05)
(b) Differentiate between coercion and undue influence. (08)
(c) An agent refused to handover the account books and record of a business to the new agent unless the principle released him from all liabilities, The principal had to give a release deed as demanded Comment the situation with reference to the elements of free consent. (04)
Section “B” (Industrial Law)
8. What are the restrictions on employment of women and children? Under Factories ACT. 1934. (15)
9.(a) Enumerate the unfair labor practice on the part of an employer laid down in Industrial Relations Ordinance 1969.
(b) Will the employer be liable to pay compensation under the following cases or not? Give arguments. (03)
(i) A worker lost his mental balance as a result of an injury by accident while working in a factory and committed suicide.
(ii) As a cumulative effect of exposure to glare of light for a long period of life in the course of his employment, a workman lost his eyesight.
10. Write short notes on any THREE of the following: (15)
(i) Partial Disablement
(ii) Work Council
(iii) Labor Court
(iv) Strike and Lockout