current 1st assignment

[+ "Qurat-ul-ain"]

Business and Labor Law (MGT611)
Assignment
Due Date: 10 May 2018 Total Marks: 10
Topic to be tested: Consideration
Learning objective:
Through this assignment, the students are expected to be able to analyze definition of
“consideration” with reference to the Contract Act 1872.
Tasks - A
“Consideration” is defined as a promise to do something, forbearance of something or
something in return. Considering this definition, answer the following questions: (6 Marks)
a) Will “anything” be considered a valid consideration by law, irrespective of its value or
materiality?
b) Is existence of mutual promise necessary to accept that there is a consideration? What if a
father gives his car to his son without taking any money?
c) Provide an illustration where forbearance may be deemed a good consideration.

Tasks - B
Explain the below mentioned concepts related to the “scope of consideration” with the help of
suitable examples: (4 Marks)
a) Consideration must be conducive to contract
b) Consideration at the desire of third party
c) Concept of inadequate consideration
d) Past consideration

Note: Consider following points while preparing solution:
• Do not take examples from the course handouts, instead create your own.
• Be honest and perform this task putting your own mental efforts.
• Do not share your solution to the other students. Alternatively, do not get or copy solution
from any other student or any source. Copied solution will be marked as Zero.
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[Faryal Zainab]

Huryup Guyz, let's start..................

[Muhammad naeem]

anyone have solution??

[Muhammad sohail]

bahi & sisters task b to hand out sa recovered ho jaye ga task a ka baraye ma discuss karain

[28o3l85umru0w]

here is some study material 

[+ "Qurat-ul-ain"]

thanks a lot 4 share this 

[M Mudasser]

Queen Khan , kia ye docx file helpfull hai assignment k liye?

[+ "Qurat-ul-ain"]

yeh busines nd law ki book hy

[Shafqat]

Assignment kis ne complete k hy??

[Faryal Zainab]

Will “anything” be considered a valid consideration by law, irrespective of its value or materiality?  YES OR NO????

Plz Give The Solution

[+ ! ! ! H ! ! ! +]

yes i think

[+ ! ! ! H ! ! ! +]

plz solution upload karo koi to idea ho

[Faryal Zainab]

How can you say "YES"???? The validation of consideration in contract is only depend on valuable consideration.... See instructor reply.....

Respected Sir,  Sir i dont understand 1st Question of Assignment. Please explain first Question in easy words?   Thanks....

Post Your Comments Other Students' Comments: 0

Instructor's Reply:

Dear Student We welcome you for writing us. The definition of consideration states that it a something in exchange. You are required to explore what law says about value of consideration. For example a person arranges a labourer for 8 hours working in exchange or Rs.20. Would Rs.20 be accepted by law as a consideration?