Business Laws and Business Correspondence and Reporting - 8 mtp MTP

(i) Mr. Awas running an orphanage. His friend Mr. S, a philanthropist agreed to donate & 2 lakh for treatment of a child, who was suffering from cancer. On emergency, Mr. A incurred ₹1.5 lakh on treatment of child. Now, Mr. S refused to pay. Whether Mr. A can claim ₹1.5 lakh from Mr. S with reference to provisions of the Indian Contract Act, 1872? (3 Marks) (ii) Mr. L let out his residential house to Mr. M for =…

2. (a) Sony, a friend of Priya wanted to buy her two-wheeler. Priya agreed to sell her two-wheeler to Sony and it was decided that price of her twowheeler will be fixed by Priya's father, who is an auto dealer. Priya immediately handed over the keys to Sony. However, Priya's father refused to fix the price as he did not want Priya to sell her vehicle. Priya expressed her inability to sell the two-wheeler to Sony and asked for return…

(a) (i) P,QandR formed a partnership agreement to operate motor buses along specific routes for a duration of 12 years. After operating the business for four years, it was observed that the business incurred losses each year. Despite this, P is determined to continue the business for the remaining Period. Examine with reference to the Indian Partnership Act, 1932, can P insist to continue the business? If so, what options are available to Q and R who are reluctant to…

(i) Mr. J entered into an agreement with Mr. S to purchase his house for € 20 lakh, within three months. He also paid ~ 50,000/- as token money. In the meanwhile, in an anti-encroachment drive of the local administration, Mr. S's house was demolished. When Mr. J was informed about the incident he asked for the refund of token money. Referring to the relevant provisions of the Indian Contract Act, 1872 state whether Mr. J is entitled to the…

(i) Ramsells 200 bales of cloth to Shyam and sends 100 bales by lorry and 100 bales by Railway. Shyam receives delivery of 100 bales sent by lorry, but before he receives the delivery of the bales sent by railway, he becomes bankrupt. Ram being still unpaid, stops the goods in transit. The official receiver, on Shyam’s insolvency claims the goods. Decide the case with reference to the provisions of the Sale of Goods Act, 1930. (4 Marks) (ii) |…

6. (a) Referring to the provisions of the Negotiable Instruments Act, 1881, answer the following in the given scenario: (i) Aman drew the bill of exchange (the bill) on Baban, who accepted it, payable to Magan or order. Magan indorsed the bill to Gagan. Gagan indorsed the bill to Akash to be delivered to him on the next day. However, on the death of Gagan on the same day, his only son Ankit delivered the bill to Akash on the…