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SEMESTER FALL 2014
BUSINESS AND LABOR LAWS (MGT611)
ASSIGNMENT

Due Date: December 4th, 2014
Marks: 10

Carefully read and analyze the given two scenarios and provide answers in the given tables.
Scenario 1:
Abdullah has two visitors in his office Asif and Naeem. Asif has come to collect Rs. 50,000 for
the catering services that he had offered to Mr. Abdullah’s wedding. Naeem runs an NGO and
has come to collect the donation from Abdullah. Abdullah told that he will donate few
thousand rupees as donation.
While Abdullah was signing checks for Asif and Naeem, he received a call from stock exchange.
It was informed that Abdullah has incurred huge losses on his shares. Abdullah got tensed and
told both visitors that he won’t be able to pay them their amounts.
Keeping in view the above case, identify and fill in the boxes below:

Identify between
Is there any
agreement?
Yes/No
Identify
consideration

Justify
Abdullah and Asif
Abdullah and Naeem

Scenario 2:
Galaxy Trek Motors signed a contract with a famous band Sixers. Sixers had six members who
played different instruments. All members of Sixers promoted Galaxy Trek Motors through
photo shoots and their environment protection slogan minimizing its manufacturing process
impact. Initially at the time of signing the contract, it was believed that all six members would
stay in the band till the contract expires. However, the band knew that two of their members
who were expert in violin and digital piano are separating and making their own new band.
As the contract proceeded, two members left the band and Galaxy Trek Motors sued Sixers.
Identify whether the contract is
valid, void or voidable?
Justify



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Replies to This Discussion

Valid Contract 
Valid contract is an agreement enforceable by law. In such contract all essentials of a contract as mentioned in section 10 are required to be fulfilled. In case reach of contract by one party, the other party has a right to file a suit for this breach.

 

According to the question " Galaxy Trek Motors sued Sixers"...mean unho ne band pr muqadma kar diya ... Its mean  this is Valid contract...  

According to the handouts...  "As long as the contract is not avoided or cancelled by the party who is entitled to do so, the contract shall remain a valid contract." so this is valid contract because according to the Assignment question "the contract proceeded ".

Please do correct me if i am wrong 

plz koi solution file upload kerna smj nhi aa rhi jo oper upload hai sara data agay pechay hai

 Scenario 1 Answer:

 

Identify Between

Is there any agreement?

Yes/No

Identify Consideration

Justify

Abdullah and Asif

Yes

Consideration of each other and get benefit to each other.

Asif give catering service for Abdullah.

Abdullah and  Naeem

No

 

 Naeem is not giving any service to Abdullah because Abdullah donate for his charity.

Because Abdullah donate for NGO

 

Scenario 2 Answer:

 

Identify whether the contract is valid, void or voidable?

Justify

Valid Contract

This is valid contract because the contract is preceded.

 

If m wrong then tell me :)

Yes you are right Hadi ... mene B yehi likha hai assignment mein and the contract is Valid according to my point of view

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