Mercantile Law 2011 Part 2-Solved Questions IAS Set 1

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Q: Discuss the statutory liablity both civil and criminal which arises as a result of untrue

statement in a prospectus.

Q: What are the modes in which maker, acceptor or endorcer of a negotiable insturment is


Q. How will u distinguish a mistake of fact from a mistake of law. Discuss their legal effect on


Q. What is meant by expression “Passing of Property”? Discuss the law which governs the

transfer of property as between the seller and the buyer.

Q. Discuss the scope and extend of powers of a judicial authority to stay legal proceedings

where there is an arbitration agreement. Elaborate as to what amounts “To taking any steps in the proceedings”.

Q. Write a comprehencive note on the relations of partners to one another.

Q. write short notes on any two of the following:

A. Insurance appellate tribunal

b. Feduciary relationship.

C. Goodwill.

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