FEDERAL PUBLIC SERVICE COMMISSION
COMPETITIVE EXAMINATION -2015
FOR RECRUITMENT TO POSTS IN BS-17
UNDER THE FEDERAL GOVERNMENT
MERCANTILE LAW
Time Allowed: Three Hours
Part-I (MCQs): Maximum 30 Minutes
Part-I (MCQs): Maximum Marks = 20
Part-II: Maximum Marks = 80
Q.2 Briefly explain the modes of winding up of a company.
Q.3 Explain the provisions pertaining to the notice of dishonour of a negotiable instrument.
Q.4 How a firm is registered? What is the effect of non-registration of a firm?
Q.5 When the property in the goods stands transferred from the seller to the buyer?
Q.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.7 When consent is said to be free?
Q.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