CSS Mercantile Law Past Paper 2019

Instructions specific to this paper

• Attempt ONLY FOUR questions from PART-II. ALL questions carry EQUAL marks.

Questions

1. Q. 220 marks

   Explain the term consideration and state the exceptions to the rule: “No consideration, no contract”?

2. Q. 320 marks

   What do you understand by the rule “caveat emptor”? Are there any exceptions to this rule? Does this rule apply in Pakistan today?

3. Q. 420 marks

   What do you mean by implied authority of partner? What are the limitations on authority of partner?

4. Q. 520 marks

   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?

5. Q. 620 marks

   What do you understand by fixed and floating charges with reference to company law? Draw a distinction between the two types.

6. Q. 720 marks

   What changes have been brought about in the rules of the memorandum of association of a company by the new law of 2017?

7. Q. 820 marks

   What is the meaning of “services for consideration” in the consumer law and does it include the services of a doctor or a lawyer?

Standard FPSC instructions

Printed on this and every CSS paper.

• Part-II is to be attempted on the separate Answer Book.
• All the parts (if any) of each question must be attempted at one place instead of at different places.
• Write Q. No. in the Answer Book in accordance with Q. No. in the question paper.
• No page/space be left blank between the answers. All the blank pages of the Answer Book must be crossed.
• Extra attempt of any question or any part of the attempted question will not be considered.