State briefly the rights and obligations of a bailee.

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Business Law
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• Business Law
• Q1.(a) Discuss the term Continuing Guarantee.
  How can it be revoked?
• (b)State briefly the rights and
  obligations of a bailee.
•  
• Q2.(a) What do you understand by the term
  Implied Authority of a partner?
• (b)Enumerate the acts which are not
  covered under implied authority.
• Q3. (a) What are the rights and duties of a
  minor in relation to partnership business?
• (b) Distinguish between --
• (i) Sub-agent and Substituted Agent
• (ii) Sale, Bailment and Pledge

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• Q4.(a) Explain the rights of a partner.
• (b) Distinguish between the following
• (i) Succession and Assignment.
• (ii) Contract of Indemnity and Contract
  of Guarantee.
• Q5.Write short note on.
• Non-registration of a firm.
• Capacity of Contract
• Kinds of Bailment.
• Anticipatory breach of a Contract.

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• Q6.(a) When is a Surety Discharged from Liability
  by the conduct of the creditor
• (b) Describe the rules relating to passing
  of property in the sale of goods.
• Q7.(a) What is an illegal agreement? State the
  effects of illegality.
• (b) What is Supervening Impossibility?
  What are its effect upon the contract?
• (c) What are the remedies available to the
  buyer when goods in wrong quantity delivered to
  him?
• Q8.(a) State the principles on which damages are
  assessed for breach of contract.
• (b) Describe the law relating to the
  right of resale available to an unpaid seller
• in the Sale of Goods Act, 1930.

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• Q9.(a) What are the rules regarding delivery of
  goods?
• (b) Distinguish between
• i) Novation and Alteration.
• ii) Liquidated damages and penalty
•  
• Q10.(a)Transferee of a partners interest cannot
  exercise the right of transferring partner.
• b) Appropriation is a right primarily
  of the debtor and for his benefit.
• c) A proposal can be revoked otherwise
  than by communication.
• d) Right of stoppage in transit is an
  extension of the right of lien.

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