SEMESTER SPRING 2013
BUSINESS AND LABOUR LAW (MGT611)
ASSIGNMENT NO. 01
DUE DATE: 2ND MAY, 2013
“Kinds of Contract:”
• To help the students in understanding the laws of "Contract".
• To help the students in understanding the practical application of the laws of
contract in businesses.
• After attempting the assignment, students will be able to know about the
implementation of the law of "Contract".
• Students will be able to handle the situation caused by Coercion, undue influence,
fraud, misrepresentation, or mistake.
Mr. Yasir is an MBA graduate and is interested in establishing his own business, but as
he is a fresh graduate so he does not have some good ideas of what and how to start a
business for himself. To achieve his goal and meet his aim, he finally joined the company
of Mr. Khalid and Mr. Jamal, who deals in the computer accessories at famous center for
such a business. They had an agreement of 2 years, in which Mr. Yasir agreed with the
other partners that he will not carry on similar businesses at the business center until their
current business comes to an end.
After six months of the agreement, Mr. Yasir starts the same computer accessory
business in the same business center.
(a) Being a student of Business and labour law what kind of agreement took place
between the three parties? Justify your answer. (Marks 10)
(b) What would be the consequences of Mr. Yasir decisions to have another business
in the given scenario. Support your answer with solid arguments? (Marks 10)
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yes mr Adeel is right this is voidable agreement and nobody take legal action against him. in this type of agreement both parties make promise with each other.
and also there is no consequences against him. because it is totaly depend on ethics. ethically mr. yasir took not any step before time.
look friends, yahan inhon ne mention b ni kia hua k agar mr, yasir term ko voialte kerty to koi legal sue persuit kia ja sakta tha ya ni,, main isi liyue zayada confuse hoon
Sir nai oper likha hai k is k assignment k bad students ye sab cheez samjh sakay gai matlab free consent wala tou free consent wala wesai bhi voidable contract mein hai tou i guess ye viodable contract he hoga
ma buhat confuse hun kch samj ni a raha lectr b lia plzzzzz help me
Restraint during term of service ---An agreement of service by which an employee binds himself, during the term of his agreement, not to compete with his employer directly or indirectly is not in restraint of trade. If it were otherwise, "all agreements for personal service for a fixed period would be void. An agreement to serve exclusively for a week, a day, or even for an hour, necessarily prevents the person so agreeing to serve from exercising his calling during that period for any one else than file person with whom he so agrees. It can hardly be contended that such an agreement is void. In truth, a mall who agrees to exercise his calling for a particular wage and for a certain period agrees to exercise his calling and such an agreement does not restrain him from doing so. To hold otherwise would, I think, be a contradiction in terms." Such an agreement may be enforced by injunction where it contains a negative clause, express of implied, providing that the employee should not carry on business on his own account during the term of his engagement. An employee contracted to serve as a weaving master for three years, and agreed not to serve anyone else in India during the period. He left the service after one year, and joined another mill as a weaving master. In terms the prohibition in the agreement was not restricted to serving anyone else as weaving master, but was absolute. The Court, however, in the light of the intention of the parties, construed the prohibition as confined to the profession of weaving master, held the agreement reasonable, and issued an injunction against the employee.
Dear Adeel, can you support your answer with Sections / Sub Sections of Contract Act
plz koi to asssign upload karo do dear
I think, this is discussion forum you can not find any Assignment here bro
Lesson No. 12, Page no. 63 of Handout
i think k ap koi cheez ghorr sy ni parhty. i say k its depend on ethics iss ka matlab hota hy jo chezz ethic py base kar rahee ho oss py kisi kisam ki koi legal action ni ho sakta. mind it
This is voidable Agreement (An agreement not enforceable by law is said to be void) due to
1-Both parties are incompetent (Yasir is incompetent)
2-Unlawful Consideration (To hold him to start his own business - Restrain of Trading)
I think only one Yasir can not continue his job with both parties