Business Laws and Business Correspondence and Reporting - January 2025

1. (a). Examine the validity of the following agreements under the provisions 7 of The Indian Contract Act, 1872 and justify your answer : @ Mrs. Priya pays a sum of % 10,000 to a marriage bureau to provide information about the prospective grooms for her daughter’s marriage. (ii) Bharat agrees with John to sell his white bull. Unknown to both the parties, the bull was dead at the time of agreement. LXT-H P.T.O. (2) LXT-H Marks (iii) “Rishabh sells…

MNO Limited, a supplier of electronic components, entered into 4 a contract on August 1, 2023, with PQR Enterprises for the sale of 1000 units of microchips. The contract specifically identified the microchips by serial numbers and confirmed that they were in a deliverable state, stored in MNO Limited’s warehouse. The contract stipulated that the goods would be delivered on September 1, 2023. On August 10, 2023, a flood occurred, damaged the warehouse , and destroyed the entire stock of…

P, Qand R, are partners in a construction firm, PQR Associates. P 7 buys cement on behalf of the firm from D. The cement is used in the ‘ordinary course of the firm’s business. P uses the cement for his personal purposes. The supplier D, who is unaware of the private use of cement by P, claims the price from the firm. The firm refuses to pay for the price, on the ground that the cement was never received by…

(a) A,B and C jointly promised to pay D a sum of % 6,000. Examine, 7 considering the provisions of The Indian Contract Act, 1872 - (i) Can D compel any of three parties A, B and C to pay him f 6,000 ? (ii) C is compelled to pay the whole of the amount to D. Can he recover anything from A and B, when - (1) Both A and B were solvents. (2) A isnot ina position to…

(a) (i) Anjali purchased various cosmetic products worth % 15,000 4 during the last week from Sushil, a shopkeeper, on credit of one month. After a fortnight, she makes out a blank promissory note, signed it and delivered to Sushil who further endorsed it to Manish for the payment of his dues. Manish, who is holder in due course, filled up the due amount of 17,000 from Sushil and on maturity presented it to Anjali for payment but she refused…

1. (a) Unde afte sfian, 1872 & wae & cet Reise ai A 7 aad Fate Aire sik sat sira & aH sage : (Ae Bars seet Th Ht edt & fare seers ore & ah F oH & fore we Ar SRI Ht F 10,000 At eraTA Ash | (i) FA, BA are ar athe Sct HY Aa} fee wena B aT e | Set ‘Wait cbt Ta el Sar fos Taha oh GH Ver HK aT AT |…

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6. (a) @ safe a foe cone, afc as GErER G, TH HAM & fe see 4 WF 15,000 & fara Hates (Fielacks aA) sere BS | TH Waals Se, SAA Uh Gell Faq Va SAT, Sa Ue wea fend SIR sa Satter a aig fern, fier sa wey a sas see & ya & fare Ysifeaa He sat Sat Rar | arts, sh Rae aaa Foes 2, J aater a % 17,000 ht Serer TAR Hl Te Ta HTT…