"In commercial and business agreements, the presumption is that the parties intend to create legal relations." Comment.

Define 'agent' and 'principal'. Can a minor be an agent? Discuss.

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.

Derive the conditions of optimality for buying health insurance in cases of absence/presence of free riders.

Describe the concept of 'quasi markets' in the provisioning of public services.

Derive the results for the optimal use of renewable resources under the discrete and continuous time frames.

Specify the fundamental challenges of using the non-renewable resources optimally.

Explain how 'poverty' is not the sole determinant of malnutrition.

Discuss the significance of 'efficiency wage' in contributing to health and productivity of workers.

Discuss the various situations of 'market failure' leading to environmental degradation.

Explain the concept of decision trees in classification. Provide an example of building and visualizing a decision tree using R. How can K-means clustering be applied to a dataset in R?

 Describe the role of link analysis in the PageRank algorithm. How are links between web pages interpreted in the context of PageRank?