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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.
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