Assignment No. 1 MGT611 Business & Labor Law Solution and Discussion Fall 2014

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MGT611 Business & Labor Law Assignment No. 1 Solution and Discussion Fall 2014 Close Date Dec 04, 2014


Carefully read and analyze the given two scenarios and provide answers in the given tables.
Scenario 1:
Abdullah has two visitors in his office Asif and Naeem. Asif has come to collect Rs. 50,000 for
the catering services that he had offered to Mr. Abdullah’s wedding. Naeem runs an NGO and
has come to collect the donation from Abdullah. Abdullah told that he will donate few
thousand rupees as donation.
While Abdullah was signing checks for Asif and Naeem, he received a call from stock exchange.
It was informed that Abdullah has incurred huge losses on his shares. Abdullah got tensed and
told both visitors that he won’t be able to pay them their amounts.
Keeping in view the above case, identify and fill in the boxes below:
Identify between
Is there any
agreement?
Yes/No
Identify
consideration Justify
Abdullah and Asif
Abdullah and NaeemScenario 2:
Galaxy Trek Motors signed a contract with a famous band Sixers. Sixers had six members who
played different instruments. All members of Sixers promoted Galaxy Trek Motors through
photo shoots and their environment protection slogan minimizing its manufacturing process
impact. Initially at the time of signing the contract, it was believed that all six members would
stay in the band till the contract expires. However, the band knew that two of their members
who were expert in violin and digital piano are separating and making their own new band.
As the contract proceeded, two members left the band and Galaxy Trek Motors sued Sixers.
Identify whether the contract is
valid, void or voidable?
Justify
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Valid Contract
Valid contract is an agreement enforceable by law. In such contract all essentials of a contract as mentioned
in section 10 are required to be fulfilled. In case breach of contract by one party, the other party has a right to file a suit for this breach.



According to the question " Galaxy Trek Motors sued Sixers"...mean unho ne band pr muqadma kar diya ... Its mean this is Valid contract...

According to the handouts ... "As long as the contract is not avoided or cancelled by
the party who is entitled to do so, the contract shall remain a valid contract." so this is valid contract because according to the Assignment question "the contract proceeded ".

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In case of Abdullah and Naeem

As far as my point of view there is no any consideration for adbullah, So this is not any agreement because according to the Handout ...

Agreement

Every promise or every set of promises, forming the consideration for each other is an agreement.