ECO-05 Mercantile Law SOLVED ASSIGNMENT 2019-2020
Course Code : ECO – 05
Course Title : MERCANTLE LAW
Assignment Code : ECO – 05/TMA/2019-20
Coverage : All Blocks
| Title Name | ECO-05 Mercantile Law Solved Assignment 2019-20 |
| University | IGNOU |
| Service Type | Solved Assignment (Soft copy/PDF) |
| Course | BCOM |
| Language | ENGLISH |
| Semester | 2019-2020 Course: BCOM |
| Session | 2019-20 |
| Short Name | ECO-05 (ENGLISH) |
| Assignment Code | ECO – 05/TMA/2019-20 |
| Product | Assignment of BCOM 2019-2020 (IGNOU) |
| Submission Date | 1. Those who are enrolled in July 2019, it is valid up to June 2020. 2. Those who are enrolled in January 2020, it is valid up to December 2020. |
Attempt all the questions.
1. (a) Explain with example communication of offer and communication of acceptance.
(6+6)
(b) Explain the term ‘consideration’ and state the exceptions to the rule ‘No Consideration
No Contract’. (2+8)
2. (a) Distinguish between:
i) Condition and Warranty.
ii) Right of lien and right of stoppage of goods in transit. (7+7)
(b) Who is competent to contract? State the position of agreements by a minor. (4+16)
3. Is registration of a partnership firm compulsory? What are the effects of non-registration
of a partnership firm? (2+8)
4. What is an agent? When is an agent personally liable to the third parties? (4+10)
5. Explain the rule that “a person cannot give a title better than what he himself has”. Are
there any exceptions to this rule? Discuss. (5+15)
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