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Question Description

Read the following cases and answer the questions given at the end.

  1. Wasi sold his factory carrying motorcycles manufacturing plants to Tipu stating its production capacity of 200,000 units annually. Tipu, after buying the factory came to know that the contract was based on false claim of the stated production capacity. Briefly describe whether the contract is valid, voidable or void contract.
  2. A music hall was rented out for a series of concerts. The hall caught fire before the date of first Concert. Explain the nature of contract with respect to executed/executor/valid or voidable contract.
  3. A threatens B to kill if he does not sell his BMW worth Rs. 1.65M to the former for Rs 1M. B, to save his life, agreed to sell his BMW to A and receives the payments. Is this a valid contract? Explain your answer with reason in either case.

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MGT611-Business law-GDB- Solution 2020//online accounting&finance course

1 voidable because it is fraud

2 executor because it is not undertaken yet

3  not valid because a contract is valid with free consent

MGT611 GDB Solution Fall 2020

  1. It is valid contract because it does not matter what have capacity of production.
  2. It is void contract because the hall caught fire before the date of first Concert. The hall caught fire before the date of first Concert.
  3. It is Voidable contract because B's consent has been obtained by coercion.
MGT611-GDB Fall 2020
a. It is valid contract because it does not matter what have capacity of production.
b. It is void contract because the hall caught fire before the date of first Concert. The hall caught fire before the date of first Concert.
c. It is Voidable contract because B's consent has been obtained by coercion.

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