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This is to inform that Graded Discussion Board (GDB) No. 01 will be opened on May 13th, 2014 for discussion and last date for posting your discussion will be May 14th, 2014
Topic/Area for Discussion
This Graded Discussion Board will cover first 13 lessons.
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|Starting Date||Tuesday, May 13, 2014|
|Closing Date||Wednesday, May 14, 2014|
BUSINESS & LABOR LAW (MGT611)
Mr. Nafees, a farmer, bought a cow for Rs. 100,000 from Mr. Ahmed. One day later, Mr. Ahmed assured Mr. Nafees that the cow was healthy and free from any disease.
After one week, it was found that the cow had been suffering from a specific disease. Over this, Mr. Nafees sued Mr. Ahmed to cancel the contract and return his money because of Mr. Ahmed’s statement that the cow was free from any disease.
Do you think Mr. Nafees is right in his claim or not? Discuss in the context of ‘consideration’ in this agreement.
The claim of Mr.Nafees is right
Baqi explanation kal
MGT611 gdb idea soul
this is totally wrong
Tehrim plzzzzzzz Explain about context of ‘consideration’ in this agreement.
It is necessary element of a binding contract. This has already been assumed in S. 10. The present section goes on to state the exceptional cases in which consideration may be dispensed with. It is curious that the Act nowhere explicitly states that mutual promises are sufficient consideration for one another. so Mr. Nafees is right to claim to cancel the contract because it is void due to insufficient consideration.
MGT611 - Business & Labor Law
GDB # 1
Mr. Nafees is right in his claim because of insufficient consideration. Because at the time of contract Mr. Ahmed assured Mr. Nafees that the cow was healthy and free from any disease. But later his consideration did not prove true. Mr. Nafees have a right to cancel the contract. It also violates the rule that value promised to the Mr. Nafees did not prove factual. Because later cow was suffering from a specific disease. Consideration is a Thoughtfulness decision at the time of contract here introspection of the contract and myth of the agreement violate so Mr. Nafees is right to claim to cancel the contract.
i do this and just take guidence i already post it
yeah u said rite
read the case carefully it is not mention that cow is nw suffering from disease rather that it said in the case that"cow had been suffering from a specific disease". which means that cow phly se disease me mubtla reh chuki hai not ye k abi disease hui hai usko.
You are right.
Fellows sadia is right. Le me del my posts to avoid any confusion for fellows
My conclusion was on wrong side because I skipped the words.