KL UNIVERSITY KL UNIVERSITY BUSINESS SCHOOL DEPARTMENT OF MANAGEMENT AND COMMERCE ASSIGNMENT QUESTIONS FOR BUSINESS LEGISLATIONS

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Point out with reason whether the following agreements are valid or void: a. Kamala promises Ramesh to lend Rs. 50,000 in lieu of consideration that Ramesh gets Kamala?s marriage dissolved and he himself marries her. b. Sohan agrees with Mohan to sell his black horse. Unknown to both the parties, the horse was dead at the time of agreement. c. Ram sells the goodwill of his shop to Shyam for Rs. 4,00,000 and promises not to carry on such business forever and anywhere in India. d. In an agreement between Prakash and Girish, there is a condition that they will not institute legal proceedings against each other without consent. e. Ramamurthy, who is a citizen of India, enters into an agreement with an alien friend.

2.

?A?, ?B? and ?C? are partners in a firm. They jointly promise to pay ` 1,50,000 to ?P?. C became insolvent and his private assets are sufficient to pay only 1/5 of his share of debts. A is compelled to pay the whole amount to P. Examining the provisions of the Indian Contract Act, 1872, decide the extent to which A can recover the amount from B. Sunil delivered his car to Mahesh for repairs. Mahesh completed the work, but did not return the car to Sunil within reasonable time, though Sunil repeatedly reminded Mahesh for the return of the car. In the meantime a big fire occurred in the neighborhood and the car was destroyed. Decide whether Mahesh can be held liable under the provisions of the Indian Contract Act, 1872. R is the wife of P. She purchased some sarees on credit from Q. Q demanded the amount from P. P refused. Q filed a suit against P for the said amount. Decide in the light of provisions of the Indian Contract Act, 1872, whether Q would succeed? What are the provisions of the Indian Partnership Act with regard to the admission of a minor into the partnership? What will be his rights and liabilities during his minority and after he has attained the majority? Discuss the buyer?s remedies against seller where there is a break of contract. Mr. Ram a workman, who was an employee of South Central Railway, Secundrabad, he was sent on an errand from Secundrabad to Vijayawada and from Vijayawada to Secundrabad. While coming back, he stood in the open doorway of the train. The train received some jerk and he fell down and was killed. The dependents of the deceased workman claim compensation from the owners of the South Central Railway. Is the claim tenable? If yes, give reasons. What are the privileges of a Holder in due course under the Negotiable Instrument Act, 1881?

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What are the rights of consumers under the consumer protection Act, 1986? 10. Explain the discharge and modes of discharge of negotiable instruments.