1. Goldminers Ltd. is a Large company in UK. It produces mobile batteries and accessories but supplies mainly in China and India. Goldminers has made a huge profit during 2010-2015 in UK and hence established a subsidiary company in Bangladesh in 2015 with the entity of Howlader Ltd. In 2015 because of the outbreak of recession in UK labour market, Goldminers Ltd. Started production of Batteries in Bangladesh through Howlader Ltd. For this purpose, Howlader Ltd. took a loan of 500,000 USD from DLR Bank. The production of this company was going smoothly since this company was mainly operated by the Directors of Goldminers Ltd. However, on June 2017 Howlader Ltd. suddenly stopped its operation and started the process of winding up the company without paying back the loan to DLR Bank. 

In 2018, it was revealed that, Howlader Ltd. has used the loan for re-investment in the Goldsmith Company Ltd. Now discuss, whether DLR Bank and the employees can make the Goldminers Ltd. liable for the unpaid loan and seek compensation for the disease? Discuss Lifting the veil of incorporation, director’s duty, constitution of the company in substantiating your answer. 

2. Karina advertises in a Newspaper to sell his unique pieces of Japanese pottery on Monday, 21.01.1992. The asking price was £500.

 Shahida a very keen heritage lover decided to take up this opportunity to complete her set of Japanese decoration in the living room. She wrote to Karina on Monday saying, “I would love to have the pottery collection but I would like to give you £430”. Karina replied back to Shahida on Wednesday that “ I will only be able to give it to you on £450; if you are interested you need to notify me before Saturday’’. She also provided her residence phone number in the letter. 

On Tuesday, Salman approached Karina through a letter that, he would like to buy the pottery in £440. On wednesday Karina replied through letter that, if he could deliver the cash immediately by Friday then he will get the pottery.

 Shahida posted a letter on Thursday saying she accepted the offer; however, realising she ran out of cash she posted immediately a second letter revoking the offer. She called Karina over the phone but it wasn’t picked up by her. The second letter (letter for revocation) got lost from the post office. 

Kamal a friend of Salman assured him that Kamal would deliver £450 to Karina by Friday. However, Kamal missed the scheduled train and reached on Friday evening. Karina wasn’t at home and therefore Kamal dropped the money at the letter box. On Saturday morning Karina found both the letter of Shahida and envelope with money in the letter box. 

Now analyse this circumstances and find out the binding contract. 

3. Ifran is a worker in a RMG Factory and holds the post of Cutting Master for last three years (i.e. from July 2017). His gross salary is 11,000 Taka per month. His employer currently wants to terminate him from the job. Plus, he also has been threatened by the Employer that he would be dismissed from his job as he sometimes come office late since last month.

 Ifran now wants to know 

a) Whether BLA 2006 is applicable on him and if not then why?

 b) What is the procedure of dismissal? 

c) How much money he needs to pay to the employer if he wants to resign today instantly?

Answer rating: 100% (QA)

1 In 2015 due to the advent of the economic downturn in the UK labor market Goldmines Ltd started manufacturing Batteries in Bangladesh via Howlader LTD For this goal Howlader Ltd Borrowed money from ... View the full answer