SECTION B $-$ TRUE $/$FALSE QUESTIONS $[10$ MARKS$]$

Answer ALL questions. Each question carries ONE $(1)$ mark

State whether each of the following is True or False

$1.$ Serious intentions of parties to a contract are not essential for a valid contract.

$2.$ Publication of legislation is called promulgation.

$3.$ With negotiable instruments, signature alone will impose liability on a party.

$4.$ Agency is a contract between two parties, one being the principal and the other being an

agent.

$5.$ The duty of landlord is to pay rent for the land$/$building for lease.

$6.$ Law imposes a punishment if it is not obeyed.

$7.$ An advertisement is not an offer but it is an invitation for offers.

$8.$ Under mutual mistake, only one party to the contract has made a mistake.

$9.$ There are no special formalities for forming a partnership.

$10.$ Law is system of rights.