(a) P, Q and R, are partners in a construction firm, PQR Associates. P buys cement on behalf of the firm from D. The cement is used in the ordinary course of the firm's business. P uses the cement for his personal purposes. The supplier D, who is unaware of the private use of cement by P, claims the price from the firm. The firm refuses to pay for the price, on the ground that the cement was never received by it. Referring to the provisions of the Indian Partnership Act, 1932, answer the followings: (i) Whether the Firm's contention is tenable? (ii) What would be your answer if a part of the cement so purchased by P was delivered to the firm by him, and the rest of the cement was used by him for his private use, about which neither the firm nor the supplier were aware?

(b) (i) The extract of the major shareholders holding paid-up share capital in Rural Development Fin. Corp. Ltd., are as follows: Shareholder Holding Central Government 26% State of Maharashtra 18% State of Tamilnadu 24% Public 32% Whether the company would be considered as a Public Financial Institution (PFI) under the provisions of the Companies Act, 2013? Explain in brief about various institutions regarded as 'Public Financial Institutions' under the Companies Act, 2013.

(ii) Whether it is mandatory to have common seal for the company? If not, then what are the other options available as per the Companies Act, 2013?

(c) What are the agreements which are held to be opposed to public policy under the Indian Contract Act, 1872. Explain any 6 such agreements.