Federal Public Service Commission (FPSC)
Competitive Examination for Recruitment to BPS-17 Posts under the Federal Government
Time Allowed: 3 Hours
MAXIMUM MARKS: 100 Marks
Paper : Mercantile Law
PART-II (Subjective) 80 Marks
Attempt ONLY FOUR Questions from PART-II. (20×4)
PART-II
Q. No. 2. Briefly explain the modes of winding up of a company.
Q. No. 3. Explain the provisions pertaining to the notice of dishonour of a negotiable instrument.
Q. No. 4. How is a firm registered? What is the effect of non-registration of a firm?
Q. No. 5. When does the property in the goods stand transferred from the seller to the buyer?
Q. No. 6. What are the different powers of an arbitrator under the Arbitration Act, 1940? What are the circumstances under which a court can remove an arbitrator?
Q. No. 7. When is consent said to be free?
Q. No. 8. Write short notes on any TWO of the following:
(a) Consequences of a breach of contract
(b) Indemnity and guarantee
(c) Condition and warranty
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