71 Nemo dat quod non habet means
(a) let the buyer beware (b) let the seller disclose all material defects
(c) no one gives who possesses not (d) principle of passing of title is subject to exceptions
72 (1) When there are material alternations the banker can refuse to pay
(2) A negotiable instrument may be dishonored either by non-acceptance by the drawee or by non payment by the acceptor
(a) both (1) and (2) are right (b) both (1) and (2) are wrong
(c) (1) is right and (2) is wrong (d) (1) is wrong and (2) is right
73 Who is not entitled to indoors and negotiate an instrument
(a) the maker (b) the drawer (c) the payee (d) the messenger
74 Which is of lesser significance in a contract?
(a) competency of parties (b) free consent of parties
(c) intention to create legal obligation (d) lawful consideration
75 Privity in consideration is in respect of
(a) locus standi (b) consideration that might move from any person (c) consensus ad idem (d) lawful object
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