Business Laws and Business Correspondence and Reporting - May 2025

ABC Infrastructure Ltd. was running business successfully from ff several years. P was the purchase manager of company. He authorised his agent Q to buy Raw Material on his behalf for construction of Roads in Delhi. He instructed Q to buy only Mazboot Brand of Cement @ % 2,000-2,500 per ton to maintain quality of Roads in Delhi. However, Q bought 1,000 tons of Mazboot Brand of cement from Mr. R a very well-known vendor of ABC Infrastructure Ltd. @…

2. ZX Ltd., having a paid-up capital of % 3 crores and turnover of % 35 crores. (ii) The paid-up equity share capital of ACD Ltd. is % 80 crores & 3 preference share capital of % 20 crores. B Ltd. holds equity shares in ACD Ltd. worth % 15 crores and preference shares worth % 10 crores. az Can B Ltd. be considered as an Associate Company of ACD Ltd.? CJS(H)

In accordance with provisions of The Indian Partnership Act, 1932, 6 explain the following : (i) . The rights‘of an outgoing partner to carry on competing business. (ii) The rights of a partner to be indemnified by the firm and the liability of a partner to indemnify the firm. S purchased a dress from a reputed showroom and made the payment 7 in cash. The dress she purchased require some alteration. The shopkeeper assured S that it would take just…

ABC & Co is a renowned partnership firm doing business in textile 7 industry from last twenty years. But due to technical up-gradation, firm iitcurred heavy debts of ₹50 lakhs. To maintain the integrity of the firm they introduced Mr. D, as a new partner. Before admission of D, other partners A, B, and C. decided on their own and made an agreement with the creditors that the new partner will be liable for existing debt through novation. When D…

4. (a) X was running a business of Car on lease. One fine day, Y came to 7 hire a car for 10 days for his business tour from Delhi to Amritsar. X offered him a Honda city for ₹ 50,000/- for 10 days on a condition that petrol and toll expenses will be borne by him. During the journey, engine of car was choked. Y has to spend & 10,000/- for repair of " engine. When he was coming…

3. What would be the situation in case of default by any one of them ? (ii) What are the effects of Coercion? “Whether Threat to commit 2 suicide is coercion”? Elaborate with reference to provisions of The Indian Contract Act, 1872.

6. (a) Ram purchased a second-hand car from his friend Rohan for 7 5 lakhs 7 on 10 November, 2022. He paid ₹ 4 lakh immediately and promised to pay % 1 lakh within a year. But, he could not pay the remaining amount till December-2023. On 5‘ January, 2024 Ram received an invitation for Rohan’s wedding which he could not attend but sent a cheque of & 51,000 as gift by post. \ When Rohan deposited the cheque, it…