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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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Simple question hay. A question ka jawab hay k yeh condition jo lagi gai hay us ka hisab say void agreement hay. contract nahi. agreement main dono faree razi hotay hain with out no enformecnt or zabradasti k. aur chon k yeh baat out of law aur sajh say bahir hay k ap kise per ye pabandi lagien k wu apna azad business shuru na kar saky. law ye azadi daita hay (sec 27). yeh sirf promise hay aur undue influence hay. aisa agreement sec 2 k tehat void hota hay.
B question main pocha giya hay k ab nateeja main Mr Yasir k sath kia hoga tu jawab hay kuch bhi nahi. yeh bat ghari ekhlakee tu hay k us nay promise tora but qanoon k khilaf nahi q k lawa usay aisa karny ke azadi daita hay.
void n voidable are two different terms
saira Dear! book see consult karo.