Legal Question in Business Law in India

business law

1) state,with reason in brief ,whether the following statement are correct or incorrect.

a)beside minors and persons of unsound mind ,there are others too who are disqualified from contracting by law.

b) if the consideration to an agreement is furnished by a stranger and not by the prommisee himself ,the agreement will be void.

c)the liability of a sleeping partner is limited.

d)an auctioneer can refuse to accept the highest bid.

e)a preference shareholder dose not have right to vote on every resolution of the company.

f)agency by ratification arises when the principal ratifies the act of the agent.

2)short notes on

a)anticipatory breach of contract

b)goodwill of business

c)negotiation

d) no one can give what he himself has not. elucidate (5 marks)

e)some furniture was delivered byX to A on hire purchase basis so that he could become owner after the payment of the last instalment. A sold the furniture to B even before such payment. A failed to make the last payment.X wanted to recover the furniture from B.would he succeed?

f)kushal delivered some jewellery to chaman for his approval. chaman pledged the same with alok.kushal wants to get back the jewellery from alok.would he succeed?

g)hundi?important hundi?

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