Q. 2. Attempt the following problems. Responses must be given under four heads in the following order: (a) Decision: Start response like Yes/ No. (b) Reasons: Give the reasons for your decision/ response. (c) Principle: Explain the principle/concept involved in it and; (d) Act / Case Law: Refer related Act and Leading Case, if any. (7.5 x 4 = 30 marks) (Up to two pages in each case) 1. Pepsi restrained an employee from engaging or undertaking an employment for 12 months after he has left the Pepsi's service. Is it a valid contract? 2. A agrees to sell his car to B a month after the date of the contract. But just after 10 days of the contract, he sells the car to C. Thereupon, B sues A for the breach of contract. A contends that he could still perform the contract by repurchasing the car from C. Decide the case. 3. Certificate of Incorporation was issued on January 8, but it dates back January 6, which is date of receipt of documents, company made the allotment of shares. Whether the allotment is valid? 4. A Director of a company, purchased a building for Rs. three lacs and subsequently sold it to the company for four lacs. The shareholders brought an action against the Director for restoring the profits made by him out of the resale of the building to the company. Is the director liable to repay to the company the profit made by him