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MGT611 - Business & Labor Law GDB No. 01 Solution and Discussion Spring 2013 Due Date: 15-05-2013

20
Starting Date Monday, May 13, 2013
Closing Date Wednesday, May 15, 2013
Status Open
Question/Description

THE CASE:

 

ABC a company dealing in Garments business and has large market share among the metropolitans all across Pakistan. Mr. XYZ is a local cloth supplier to different cities. He got into a contract with the company ABC for purchasing a variety of clothes. The company agreed to provide Mr. XYZ the best quality clothes on prices as per the terms of the contract. Both these parties made a contract for two years with each other.

 

Mr.XYZ found the clothes inline with the terms and conditions of the contract upon the receipt, stood satisfied and decided to extend the contract for a long term for being in profits. After a span of 6 months, Mr XYZ suddenly observed that the quality of the clothes has broken down and are defective as well. He found that the variety of the clothes have fallen down. The reason behind this was that the company sent a poor variety of clothes to the cloth merchant on the same prices.

 

 

REQUIREMENT:

 

You are required to discuss:

 

  • The kind of contract that took place between the two parties.
  • The act committed by the Garments Company.

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Replies to This Discussion

kia kar ry ho koi keh ra voidable koi keh ra valid :'(

hmm..

yes it is voidable contract...mje b ye e lgta hy..bt not sure

hira batap phir

ABC an organization working in Apparel business and has huge business among the metropolitans all across Pakistan. Mr. XYZ is a regional fabric provider to different places. He got into a agreement with the organization ABC for buying a wide range of outfits. The organization decided to offer Mr. XYZ the best top quality outfits on costs as per the conditions of the agreement. Both these events made an agreement for two years with each other.

It is a voidable agreement, in contrast to a gap agreement, is an actual agreement. At most, one party to the agreement is restricted. Mr. XYZ is a local material company to different locations furthermore the unbound party may repudiate the agreement, after which the agreement is gap.

After a period of 6 several weeks, Mr XYZ instantly noticed that the high company's outfits has split up and are faulty as well. He discovered that the wide range of the outfits have dropped down. The purpose behind this was that the company sent a bad wide range of outfits to the fabric vendor on the same costs.

As per Place 2(i), “An agreement which is enforceable by law at the option of one or more activities but not at the option of the other or others is a Voidable Contract."

<check it>

its a valid contract, afterwards become voidable, 

see uploaded assignment no. 1 solution in ur LMS

I think ye valid nahi hai kiu k is mein free consent nahi hai kiu k fraud hwa hai i think is k sath tou this is not a valid contract 

This is a voidable contract

kia kar ry ho tum log koi keh ra valid koi voidable

yar yeh voidable hai

ab plz second part ko b discuss karo

Types of Contracts

The law recognizes contracts that arise in a number of different ways:

A bilateral contract is the type of agreement most people think of as a traditional contract -- a mutual exchange of promises among the parties. In a bilateral contract, each party may be considered as both making a promise, and being the beneficiary of a promise.

A unilateral contract is one in which the offer requests performance rather than a promise from the person accepting the offer. A unilateral contract is formed when the requested act is complete. A classic example of a unilateral contract is a "reward" advertisement, offering payment of money in exchange for information or the return of something of value.

An express contract is formed by explicit written or spoken language, expressing the agreement and its terms.

An implied contract is formed by behavior of the parties that clearly shows an intent to enter into an agreement, even if no obvious offer and/or acceptance were clearly expressed in words or writing.

Its Valid Contract it can be  enforced by the court.

2nd.

The company committed fraud. 

koi 100% sure solution share kery.pehly b 00000000 aya hia.assignment main.........

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