Question: 1. Mr. A entered into a contract with Mr. B of commercial nature. Under this contract, Mr. A took supply of 300 bags of cement
1. Mr. A entered into a contract with Mr. B of commercial nature. Under this contract, Mr. A took supply of 300 bags of cement to renovate his house but did not pay. At that time, he was 17 years old. Mr. B was misled to believe that Mr. A was major. At attaining the age of majority, Mr. A desires to rescind the contract. Advise Mr. B. 2. Mr. A applies to a bank for a loan at a time when there is stringency in the money market. Mr. A badly needs the loan and the bank manager Knows it. The bank manager declines to make the loan except at an unusually high rate of interest. Mr. A accepts the loan on these terms, having no choice and being completely helpless. However, this is a transaction in the ordinary course of business. When the loan is due, Mr. A refuses to pay the high rate of interest arguing that he has been unduly influenced to accept the terms of high interest. Advise the bank manager. 3. The Unilever Co. Bangladesh broadcasts an advertisement claiming that its beauty product Fair and lovely will make any dark woman fair in five weeks, if she uses the product as per the user directions written on the cover. The advertisement also offer to pay 5000tk if any woman complains not to get the good result as shown in the advertisement. The company also publishes information regarding where to apply and how to apply for getting the money on proof of proper use of product. A group of women applies for the money as per the instruction. Advise them. 4. Mr. A has a lot of land. Out of his benevolent purpose, he agreed to lease 10 acres of his land in exchange of 5000tk only to Mr. B for building a cottage industry where local poor people will have livelihood. In the middle of the construction, Mr. A refused to continue the project claiming that Mr. B has given him a little price for the land. Advise Mr. B. 5. Mr. A entered into a contract with Mr. B. Later, Mr. A refused to perform the contract arguing that Mr. B was a lunatic and the contract had no validity in the eye of law. Mr. B goes insane only during half of the year and the contract was entered into when he was well and in sound mind. Advise Mr. B.
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