Business Laws and Business Correspondence and Reporting - May 2022

1. (a) Sheena was a classical dancer. She entered into an agreement with Shital 4 Vidya Mandir for 60 dance performances. As per the contract, she was supposed to perform every weekend and she will be paid ₹10,000/- per performance. However, after a month, she was absent without informing, due to her personal reasons, Answer the following questions as per the Indian Contract Act, 1872. @) Whether the management of Shital Vidya Mandir has right to terminate the contract? Gi)…

4. (a) What are the implied conditions in a contract of ‘Sale by sample’ under the Sale of Goods Act, 1930? Also state the implied warranties operative under the Act? .(b) M/S ABC Associates is a partnership firm since 1990. Mr. A, Mr. B and Mr. C were partners in the firm since beginning. Mr. A, Being a very senior partner of aged 78 years transfers his share in the firm to his son Mr. Prateek, a Chartered Accountant. Mr.…

5. (a) Sonal went to a Jewellery shop and asked the sales girl to show her diamond 6 bangles with Ruby stones. The Jeweller told her that we have a lot of designs of diamond bangles but with red stones if she chooses for herself any special design of diamond bangle with red stones, they will replace red stones with Ruby stones: But for the Ruby stones they will charge some extra cost. Sonal selected a beautiful set of designer…

6. (a) “Liquidated damage is a genuine pre-estimate of compensation of damages 5 for certain anticipated breach of contract whereas Penalty on the other hand is an extravagant amount stipulated and is clearly unconscionable and has no comparison to the loss suffered by the parties”. Explain the statement by differentiating between liquidated damages and penalty with reference to provisions of the Indian Contract Act, 1872. (b) Explain the grounds on which court may dissolve a partnership firm in case 4…

1. (a) Sitar ws area Frama ef! ae sitet fern Hex ara 60 Fa Tegdtal sr seta sect 21 4 ayae % oqar 38 a ware % aia F uw eget Bit oft fas fare wa 10,000 = wet seat Ft at 8 ya fee oe eg we Aa & ong ae art cafe avi Ft ase @ fern gan fea aaqaferd a sit 21 adie saya afifan 1872, % san fre weit sr sex Are @) Far efter fore…