Semester Fall 2019
MGT611-Business & Labor Law
Assignment No. 01
DUE DATE: 14th November, 2019
Read the examples given below and answer the questions. (4 marks each)
Bader, the owner of Mashoor Farms, sent one of his employees Aftab in search of his pet horse which had been missing for 5 days. Bader advertised a reward of Rs. 20,000 in a newspaper for anyone who finds his missing horse. Aftab, unaware of the newspaper advertisement, traced the horse. Subsequently, on knowing about the reward Aftab claimed it from Bader.
Under the provisions of the Contract Act, 1872 identify the type of offer which was made by Bader. Also state whether Aftab would be able to claim the amount of reward under the circumstances.
Mohsin promised Ahsan that he will pay his university fee. Later Mohsin suffered losses in his business and refused to pay the fee. Mohisn is of the view that since the agreement was without consideration, it does not constitute a valid contract. However, Ahsan believes that the agreement is enforceable under law as it meets certain other conditions.
You are required to narrate the conditions which Ahsan may be referring to.
Mr. A promises Mr. B to sell his horse after one month to Mr. B for Rs. 50,000. Before the completion of one month, the horse died. State whether the contract can be performed or not. Also mention the legal status of this contract.
Mr. X threatens Mr. Y with dire consequences unless Mr. Y enters into a contract to sell a piece of land to Mr. X at Rs. 1 lac. Is this a valid contract? Justify your answer with reason.
Asif stole cash and merchandise from the ABC Store. Basit, the owner of store, initiated legal proceedings against him. Asif contacted Basit with an offer to return the stolen cash and merchandise if Basit withdraws the suit. Basit accepted the offer. Is it a valid agreement? Discuss.
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MARKS: 20
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Re: MGT611 GDB 1 Solution and Discussion
Total Marks 5
Starting Date Wednesday, June 03, 2020
Closing Date Tuesday, June 09, 2020
Status Open
Question Title Free Consent
Question Description
The Case:
Mr. Qasim is running a shop of new watches. He is also studying as a private student under the supervision of a teacher. One day his teacher come to his shop and selects an expensive beautiful watch for himself. However, he (teacher) insists to buy the watch at a price which is quite low than the market price of that watch. Mr. Qasim would never sell that watch at the low stated price to any customer but due to the respect of his teacher, allows him to buy it at a price quoted by his teacher. His teacher buys the watch and leaves the shop.
Required
Discuss whether “Undue Influence” has been exercised in this case with reference to the conditions mentioned in the contract act 1872 with regard to presence or absence of undue influence.
Instructions
Be brief & precise and write in your own words.
Be honest. Prepare the solution yourself. Do not copy-paste from any source.
Total Marks 10
Starting Date Thursday, January 09, 2020
Closing Date Monday, January 13, 2020
Status Open
Question Title GDB
Question Description
Chandni Enterprises has three partners- Mr. A, Mr. B and Mr. C. The firm is involved in trading of computer hardware. In recent days disputes have arisen among the partners on the following points:
At the start of business, Mr. A had provided his shop to be used as office of firm without any consideration and without it being included in capital contribution. Now he wants to withdraw this shop for his personal use. Other partners are not happy with this.
Mr. A enters into an agreement with Mr. Zee for the purchase of a bulk quantity of used monitors without taking consent of other partners. Other partners are against him on this deal.
Mr. B relinquishes the balance amount pending towards Mr. Shaban, a debtor of the firm. A dispute also arises on this act of Mr. B.
Required
You are required to provide solution for the disputed points among partners based on relevant provisions of Partnership Act 1932.
Instructions
Your answers should be precise and to the point.
Do not copy from a web-site or another student.
Copied answers will be marked as Zero.
MGT611 GDB 1 Solution and Discussion
MGT611 - Business & Labor Law
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Total Marks 10
Starting Date Thursday, January 09, 2020
Closing Date Monday, January 13, 2020
Status Open
Question Title GDB
Question DescriptionChandni Enterprises has three partners- Mr. A, Mr. B and Mr. C. The firm is involved in trading of computer hardware. In recent days disputes have arisen among the partners on the following points:
At the start of business, Mr. A had provided his shop to be used as office of firm without any consideration and without it being included in capital contribution. Now he wants to withdraw this shop for his personal use. Other partners are not happy with this.
Mr. A enters into an agreement with Mr. Zee for the purchase of a bulk quantity of used monitors without taking consent of other partners. Other partners are against him on this deal.
Mr. B relinquishes the balance amount pending towards Mr. Shaban, a debtor of the firm. A dispute also arises on this act of Mr. B.Required
You are required to provide solution for the disputed points among partners based on relevant provisions of Partnership Act 1932.
Instructions
Your answers should be precise and to the point. Do not copy from a web-site or another student. Copied answers will be marked as Zero.
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