FEDERAL PUBLIC SERVICE COMMISSION
COMPETITIVE EXAMINATION -2016
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. Define Endorsement. Explain its kinds. (20)
Q.3 What do you understand by partnership? Elaborate the points of difference between partnership and company. (20)
Q.4 Define Contract. Explain the contracts which need not to be performed. (20)
Q.5 What do you understand by implied authority of a partner as an agent of the firm? Are there any acts which he cannot do under his implied authority? (20)
Q.6 Discuss the composition and functions of Competition Commission of Pakistan under the Competition Commission Act, 2010. (20)
Q.7 “None can transfer a better title like than he himself has”. Are there any exceptions to this rule? (20)
Q.8 Explain the terms and conditions of Transfer under the Electronic Fund Transfer Act 2007. What disclosures are required under such transfer? (20)