Objective: To test the general comprehension of elements of mercantile law. Contents 

1. The Indian Contract Act , 1872: An overview of Sections 1 to 75 covering the general nature of  contract , consideration , other essential elements of a valid contract , performance of contract and breach of contract. 

2. The Sale of Goods Act, 1930: Formation of the contract of sale – Conditions and Warranties – Transfer of ownership and delivery of goods – Unpaid seller and his rights. 

3. The India Partnership Act, 1932: General Nature of Partnership – Rights and duties of partners – Registration and dissolution of a firm.
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