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. All contracts are agreements, but all agreements are not contracts. Discuss with reference to the essentials of a valid contract.
Q. No. 3. “No one can transfer a better title than he himself possesses.” Discuss the exceptions to this rule.
Q. No. 4. What are the mutual rights and liabilities of partners towards each other and the firm?
Q. No. 5. What process is to be adopted for transfer of shares and other securities? What remedy is available to the aggrieved party in case of refusal by the board of directors for registration of transfer?
Q. No. 6. Who is an arbitrator? Write down in detail the comparison between section 8 and section 9 of the Arbitration Act, 1940.
Q. No. 7. What presumptions of law, as a special rule of evidence, are attached with respect to negotiable instruments of consideration?
Q. No. 8. Write a comprehensive note on the establishment, functions, and powers of the Competition Commission of Pakistan.
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