This document lists 25 important questions on business law topics divided into 7 sets. The questions cover concepts such as contracts (including definitions of contracts, offer and acceptance, consideration, capacity to contract, consent), quasi-contracts, discharge of contracts, remedies for breach of contract, indemnity, guarantee, bailment, agency, sale, conditions and warranties, common carriers, negotiable instruments, unfair labor practices, and the National Industrial Relations Commission. The questions are meant to test understanding of key concepts and principles in business law.

1. Prof. Muhammad Kazim
Important Questions oF Business Law
Upload by : Ch Ali (Raj)

2. Set 1
1. Define contract? Explain essentials of valid contracts. OR All contracts are agreement but all agreements are not contract.
Discuss!
2. Define contract. Explain the types of contracts.
3. What is offer and acceptance? Briefly explain their essentials.
Set 2
4. Define consideration? Explain its essentials and exceptions.
5. What is meant by capacity to contract? Discuss the legal provisions regarding the competencies of contract.
6. Define Free Consent. Differentiate between
a. Coercion and undue influence
b. Misrepresentation and Fraud
Set 3
7. Define quasi contract. What are the different quasi contracts? Discuss the rights and duties of finder of the lost goods
8. Define discharge of contract. Explain the modes by which a contract is discharged.
9. What are the remedies available to an aggrieved party in case of breach of contract?
10. Discuss briefly expressly declared void agreement under the contract act. (Less Important
Set 4
11. Differentiate the contract of indemnity and guarantee
12. Define Bailment. Explain the rights and duties of bailer and bailee.
13. Define agency. How an agency can be created and terminated.
14. Explains the rights and duties of an agent and principal.

3. Set 5
15. Differentiate between sale and agreement to sale.
16. Differentiate between condition and warranty
17. Define unpaid seller. What are the essentials and rights of unpaid seller?
18. What are the implied conditions and warranties?
Set 6
19. Define common carrier. Explain the rights, duties and liabilities of common carrier.
20. Discuss different types of carrier. What are the essentials of a common carrier? Differentiate common and private carrier.
21. Discuss the Railway as a common carrier.
22. Discuss the charter party and bill of lading also differentiates them.
Set 7
23. Define and differentiate negotiable instruments.
24. What are the unfair labor practices by employee and employer?
25. Explain the powers and functions of NIRC (National Industrial Relation Commission).
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