General objective of this assignment is to Questionnaire for Business and Commercial Law. Here briefly explain some act of Commercial Law. Contract Act 1872, here discuss on what is contract, elements of a contract and Essential Factors of consideration. Under this act here focus on distinguish between a contingent contract and wagering agreement and differences between Indemnity and Guarantee and characteristics of Bailment. This assignment also discuss on Sale of Goods Act-1930, here explain features of a contract of sale of goods. Finally explain Arbitration Act 2001, here discuss on international commercial arbitration.