Q. 2
Explain the term consideration and state the exceptions to the rule: “No consideration, no contract"?
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FPSC · CSS 2019
Mercantile Law
This paper
Mercantile Law · all yearsQ. 2 · Explain the term consideration and…Q. 3 · What do you understand by…Q. 4 · What do you mean by…Q. 5 · Why does the State Bank…Q. 6 · What do you understand by…Q. 7 · What changes have been brought…Q. 8 · What is the meaning of…With this paper← 20182025 →3 hours · questions hide until you reveal them
Part II
Q. 3
What do you understand by the rule “caveat emptor”? Are there any exceptions to this rule? Does this rule apply in Pakistan today?
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Q. 4
What do you mean by implied authority of partner? What are the limitations on authority of partner?
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Q. 5
Why does the State Bank of Pakistan Act, 1956 maintain that only State Bank can lawfully issue bearer notes and bills of exchange payable on demand? What does this tell you about the nature of the paper currency that we use?
(20)
Q. 6
What do you understand by fixed and floating charges with reference to company law? Draw a distinction between the two types.
(20)
Q. 7
What changes have been brought about in the rules of the memorandum of association of a company by the new law of 2017?
(20)
Q. 8
What is the meaning of “services for consideration” in the consumer law and does it include the services of a doctor or a lawyer?
(20)
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About this paper
The 2019 CSS Mercantile Law paper set by the FPSC. Question wording only; questions marked “Not yet checked” have not been compared with the official paper yet.
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