Business Law Midterm Summer 2026 Question Paper

PART-A (3+3+4=10) 1. Recall the basic chain by which an offer becomes a contract, and define any two of the 3 following terms according to Section 2 of the Contract Act 1872: (i) Proposal (offer) – Section 2(a) (ii) Acceptance – Section 2(b) (iii) Agreement – Section 2(e) (iv) Contract – Section 2(h) (CLO 1 Level I) 2. Explain the concept of “Intention to Create Legal Relations”. In your answer, give one 3 commercial example where intention is usually presumed and one social/family example where it is usually not presumed. (CLO 2, Level II) 3. Analyze the concept of ‘Invitation to treat’ in contract law pointing out how it differs 4 from an offer, with reference to catalogues, display of goods and auctioneer’s calls for bids, and briefly state with illustration when an advertisement may be treated as a real offer. (CLO 4, Level IV)