KHYBER PAKHTUNKHWA PUBLIC SERVICE COMMISSION
WRITTEN EXAMINATION FOR THE POSTS OF PMS OFFICER / AETO BPS-17
(2025)
MERCANTILE LAW
Time Allowed: 03 Hours Total Marks: 100
Note:- Attempt any five questions. All questions carry equal marks.
Q.No.1 Discuss the doctrine of frustration and impossibility of performance. How has Section 56 of the Contract Act been interpreted by courts in Pakistan? (20)
Q.No.2 Explain the law of pledge. How does a pledge differ from bailment and mortgage? (20)
Q.No.3 Critically discuss the rights and duties of an agent and principal. How do the rules of agency balance authority with accountability? (20)
Q.No.4 Explain the distinction between a sale and agreement to sell. How do these affect transfer of ownership and risk? (20)
Q.No.5 Define partnership and explain its essential elements. How does it differ from a company as per the Partnership Act? (20)
Q.No.6 Discuss the nature and scope of Contracts of indemnity. How do they differ from contracts of guarantee? (20)
Q.No.7 Analyze the difference between life, fire, and marine insurance. How does each type reflect a distinct commercial and legal purpose? (20)
Q.No.8 Discuss the object and scope of arbitration. How does arbitration serve as an alternative to civil litigation in commercial disputes? (20)