Business Laws and Business Correspondence and Reporting - 6 mtp MTP

(a) (i) Ashok goes to super market to buy a Air Conditioner. He selects a branded Air Conditioner having a price tag of % 40,000 after a discount of = 3000. Ashok reaches at cash counter for making the payment, but cashier says, “Sorry sir, the discount was upto yesterday. There is no discount from today. Hence you have to pay % 43,000.” Ashok got angry and insists for = 40,000. State with reasons whether under Indian Contract Act, 1872…

(a) (i) An auction sale of the certain goods was held on 7" March, 2024 by the fall of hammer in favour of the highest bidder X. The payment of auction price was made on 8'" March, 2024 followed by the delivery of goods on 10‘ March, 2024. Based upon on the provisions of the Sale of Goods Act, 1930, decide when the auction sale is complete. (3 Marks) (ii) Certain goods were sold by sample by J to K…

3. (a) State giving reasons whether the following are partnerships as per the provisions under the Indian Partnership Act, 1932. (i) X, Y, and Z agree to divide the profits equally, but the loss, if any, is to be borne by X alone. Is it case of partnership? (3 Marks) (ii) XX, a publisher, agrees to publish a book at his own expense written by Y and to pay Y, half of the net profit. Does this create a relationship…

Gaurav and Mr. Vikas entered into a contract on 1% July, 2024, according to which Mr. Gaurav had to supply 100 tons of sugar to Mr. Vikas at a certain price strictly within a period of 10 days of the contract. Mr. Vikas also paid an amount of ~ 70,000 towards advance as per the terms of the above contract. The mode of transportation available between their places is roadway only. Severe flood came on 2" July, 2024 and the…

Avyukt purchased 100 Kgs of wheat from Bhaskar at %30 per kg. Bhaskar says that wheat is in his warehouse in the custody of Kishore, the warehouse keeper. Kishore confirmed Avyukt that he 104