Discuss the common features among promissory note, bill of exchange and cheque.

Define an unpaid seller. What are his rights?

Define and distinguish between 'condition' and 'warranty". 

"An agreement in restraint of trade is void". Examine this statement mentioning exceptions, if any. 

Discuss the essentials of a contract of bailment and state the rights and duties of a bailee.

What are the rules regarding settlement of accounts of a firm after dissolution? Explain fully.

Explain the law related to ambiguous and inchnate instruments.

 "Insufficiency of consideration is immaterial, but a valid contract must be supported by lawful and real consideration." Comment.

 Who are treated as persons of unsound mind? State the legal positions of contracts with such persons.

 Variance and coefficient of variation

 Absolute measures and relative measures of dispersion.

 Correlation

Partition values

 Why is matrix multiplication not commutative?

A businessman sells 2000 items per month at a price of Rs. 10 each. It is estimated that monthly sales will increase by 250 items for each Re. 0.25 reduction in price. Find the demand function corresponding to this estimate.

Find the effective discount rate when nominal rate of discount is 10% compounded continuously.

The total cost of a firm is C=1/3x²-6x² + 40x =15. Find the equilibrium output if price is fixed at Rs. 20 per unit.

What is weighted average? Under what conditions weighted average is preferable to a simple average?

 What do you mean by statistics? Explain its importance to economics and business. Also discuss the various functions of statistics.

The profits (in Rs. Lakhs) earned by 100 companies during the 1987-88 are shown below. Compute (a) Mean, (B) Variance, and (c) Standard deviation by using items and their squares.