TOPIC: “TRANSFER OF PROPERTY”
Business & Labor Law students will be ready to:
Business & Labor Law Students are likely to:
Mr Yasir is a well known industrialist in the field of leather products with the brand name Yasir Leather International. The demand for his company products were ever high capturing more and more market. But due to the prevailing law and order and electricity situation, his firm found it hard to meet the demand of the customers. Another problem with the ever changing customer demands in the form of new styles for the dresses.
In order to deal with this situation, Mr Yasir approached a China based firm to procure a new machinery that had a low price along with the backup of electricity for as long as one hour. Being satisfied with these features, he signed the agreement with the china based company for the requisite machinery and also made half of the payment. The machinery was loaded for Pakistan destined at Karachi. At the arrival of the machinery at Karachi, it was found that it was damaged partly. He intends to cancel this deal and demand for a new or fresh machinery without any defect.
Explain, should Mr Yasir accept the same machinery
(i) after being repaired... or ...
(ii) demand for a new (fresh one)?
In Case Study it is written
"He intends to cancel this deal and demand for a new or fresh machinery without any defect."
Upto my understanding the answer of 1st Question is based on "Agreement to Sell"
Please check the Page # 184, 185 of handouts, especially the Table
good Amir Mughal
He intends to cancel this deal and demand for a new or fresh machinery without any defect.
kisi ko kch ni ata tu b post k ni ata ,.,.,. mai aiwe site pa aa k time waste na kru aur khud parh k bana lu
Banda wait hi ker laita hai
bandi pass time ni,., bachay ro rhy mry
Mairay b ro rahay hen.....
According to Agreement to Sell
Transfer of Property
Ownership is transferred to buyer at some future date / time (Machinery is not delivered on the spot. Promise to deliver in some future date)
Risk of Loss
Loss shall be suffered by the seller. (Think who will bear the loss of damaged machinery?)
clarify me the answer of q.1 and q.2 sprately
I am stuck in my official work, have to do 1 more GDB, 1 Assignment and 1 Quiz...
please guys if anyone has done gdb kindly share your ideas