Question: Q 1. (a) Differentiate between Void Agreement and voidable contract. ( 1 Mark ) (b) Mr. Ahmed awarded the work of construction of a bridge
Q 1. (a) Differentiate between Void Agreement and voidable contract. ( 1 Mark )
(b) Mr. Ahmed awarded the work of construction of a bridge to Mr. Wali at a ( 2 Mark )
"Construction Base" area situated at Bin Qasim, Karachi on the terms and conditions in the formal agreement and contract document dated 30-3-2019, the completion time given in the agreement was 3 months. Subsequently, extra / additional work was awarded by Mr. Ahmed to Mr. Wali and the initial period of completion of work i.e. 3 months was extended to 5 months. After considerable delay Mr. Wali failed to complete the work within the extended time. Mr. Wali submitted his final bill with exaggerated amount due to which a dispute arose between the parties. Thereafter, Mr. Wali filed a suit for the recovery of amount against Mr. Ahmed. Mr. Ahmed comes to you for an advice, you as a student of Business Law advises him that what remedies he has under the Law of Contract and agreement.
Q 2. (a) Explain in detail, who is an unpaid seller and what are his rights as given under the law? ( 1 Mark )
(b) Define "Lien". Under what circumstances the right of lien is exercised? ( 1 Mark )
(c) List down the rules of "auction sale". ( 1 Mark )
Q 3. (a) That is difference between "Transfer of goods" and ( 1 Mark ) "Transfer of Property" in Law?
(b) Explain the latin maxim "nemo det quod non hebet" ( 1 Mark ) and its concept in law with examples.
. Q.4. (a) It is general rule that the buyers get valid title when it is duly transferred ( 1 Mark ) by the actual owner but there is some exception, upon which the sale is considered valid even if it is not sell by the actual owner. Discuss exceptions with suitable example?
(b) X entered into on a contract for the sale of 100 bags of wheat out of 1000 bags lying in his godown. Unknown to A', the entire stock was destroyed by tire. A" Declined to deliver. State the legal position (Decision and Reason).
Q. No. 5 (a) Under what circumstances "Consent" is not free? ( 1 Mark )
(b) List out the essentials of coercion. ( 1 mark )
(c) A, tax officer bought a fridge from a shop B, client for Rs. 100,000/-, whereas the real value is Rs. 200,000/- Answer the following questions with reasons ( 2 Marks ) i. It comes under the ambit of undue influence? ii. Is the contract valid, void or voidable?
Q. No. 6 (a) Define the concept of "Agreement to sell" in property. ( 1 Mark )
(b) X purchased "A" and "B" quality rice from Y at 350/ kg. Later, both the quality of rice mixed up in the packing and cannot be separated. Answer the following questions with reasons: ( 1 Marks ) i. What was the effect of contract? ii. How much amount should "X" recover from "Y"
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