1000 PYQ Series | Part XII | UGC NET 2023 | Commerce | Management | Legal Aspects of Business

[@gunjanyadav9282]

Thankyou for the session sir🎉

[@vijayjindal2428]

QNo.18 Sir in case of hiring a locker of the key remains with the account holder. As per the official answer key by UGC, the answer is "Hiring of bank locker is a contract of Bailment" However, according to the judgement of Atul Mehra v. Bank of Maharastra case, The court, in this case, held that exclusive possession of the goods is sine qua non for bailment. Therefore, mere hiring of a locker would not be sufficient to constitute a contract of bailment as provided under Section 148 of the Indian Contract Act, 1872 And it was also added that the question of reasonable care and quantum of damages would arise only after it has been shown that actual exclusive possession of the property was given by the bailee to the bailor, i.e. the bank.

[@vijayjindal2428]

QNo.13 Respected Sir The doctrine of supervening impossibility, simply means that a contract was capable of being performed at the time when it was entered into, but later due to some circumstances the performance of the contract becomes impossible. But in the given option it is mentioned that impossibility is known at the time of entering the contract. Pls clarify 🙏

[@eramishtiaque1673]

Sir ye managemnt ka pyq h ya commerce ka