Business Law - MMS - Session 8

Business Laws
MMS : Semester I
Session 8
Solving a case study ..
• Para 1 : Applicable Law (eg. Contract Act, Sale of Goods Act).
Provisions of the law.
• Para 2 : Facts of the Case (simplify the case study and state the facts,
as per law)
• Para 3 : Decision
Sample Case Study
• A makes a contract with B to sell a horse to B at a specified price, if
C, to whom the horse has been offered, refuses to buy him. Discuss
Solution
• Pursuant to provision of Indian Contract Act, a contingent contract

is a contact to do or not to do something, if some even collateral to
such contract does or does not happen.
In the above case, A’s contract with B is contingent upon C’s refusal
to accept A’s offer.
In this case, the contact between A and B will not be enforceable, till
C refuses to buy the horse
Mock Test
Test 1
Case Studies in Business Law
Case Study
• Ajit is indebted to Balram for Rs.5 lakh. Ajit sells his property to
Chinky for Rs.6 lakh. Chinky, the purchaser of Ajit’s property,
promises to pay off the debt to Balram. Later, Chinky fails to pay
the debt amount to Balram. Can Balram sue Chinky for the debt
amount of Rs.5 lakh ? Give reasons.
• Manjeet, a minor falsely represented himself to Nakul that he was a

major and requested to lend him Rs.10,000. Nakul believed and
acted upon Manjeet’s statement and lent him Rs.10,000. Later,
Manjeet failed to repay the loan amount to Nakul who filed a suit
against Manjeet in the court of law. Manjeet pleads his minority.
Decide giving reasons.
Case Study
• Adarsh transfers Rs.10,000 to Brajesh on the condition that he shall
marry with the consent of Ravi, Azad and Satish. Brajesh marries
with the consent of Ravi and Azad only as Satish has died earlier.
Decide the effect of the condition.
• Roshan purchases a desktop computer from Harish on Harish’s plea

that though the said computer is used, it is in an excellent condition.
Later on, Roshan finds that the computer does not work at all. Can
he reject the purchase of the said computer and recover his money ?
Give reasons.
• Anurag promises to pay Rs. 11,000 to the management committee of

a school by way of a donation. The management committee, on the
basis of Anurag's promise, gets a Water Purifier System
(Acquaguard) installed in the school at a cost of Rs.8,000 on credit.
Now, Anurag refuses to pay the donation. What is the remedy
available to the management committee of the school ? Give reasons.
Case Study
• Amar offers by advertisement a reward of Rs.1,000 to any one who
returns his lost bag. Bahadur finds the bag and brings it to Amar,
without having knowledge of the offer of reward. Is Bahadur
entitled to the reward ? Give reasons.
• Avdesh contracts to sell a piece of silk to Bupesh. Bupesh thinks it is

Chinese silk. Avdesh knows that Bupesh thinks so, but Avdesh
knows that it is English silk. Avdesh does not correct Bupesh’s
impression. Subsequently, Bupesh discovers that it is not Chinese
silk. Can he repudiate the contract ? Discuss.
Case Study
• Mohan leaves his cow in the custody of Sohan to be taken care of
until his return from pilgrimage. The cow begets a calf. On Mohan’s
return from pilgrimage, Sohan returns the cow to Mohan. Has
Mohan any right to receive the calf also from Sohan ?
• Dhan-Dhan Bank Ltd., a scheduled bank, was to arrange remittance

of a guaranteed amount to Prakash, a non-resident, in foreign
currency after obtaining requisite approvals from authorities
concerned. There was a delay in payment. Aggrieved by this,
Prakash approached the Consumer Disputes Redressal Forum for
relief. Will he succeed
• Rajesh made a complaint before the Consumer Disputes Redressal

Forum for seeking compensation against the State Electricity Board
contending that due to fluctuations and fall in electricity voltage in
his small scale industrial unit, he suffered production loss. Will he
succeed ?
Case Study
• Ram, the insured (since deceased), took out four life insurance policies
with double accident benefits, premium payable half-yearly. When
the premium fell due, the general agent of the LIC of India met Ram
and took a bearer cheque towards the premium payable by him in
respect of the policies. Although the agent had encashed the cheque
immediately thereafter, the amount was not deposited with the LIC of
India. Meanwhile, the insured met with a fatal accident. The widow of
Ram filed a claim for the payment of the sum assured. Will she
succeed ?
• Prudent Investments Ltd. was celebrating silver jubilee of its

operations and in this connection sent invitations by post to 250 top
businessmen for a special dinner at a 5-Star Hotel. Due to delay in
delivery and/or non-delivery of invitation cards by the postal
authorities, only 100 invitees attended the dinner. Advise the
company whether it can make a complaint for compensation to the
Consumer Disputes Redressal Forum against the postal authorities for
deficiency in service.
Questions / Comments ?
Rohit Bhagwat
Cell : 99308-96787
rohit.bhagwat@gmail.com

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Business Laws

• Pursuant to provision of Indian Contract Act, a contingent contract

• Manjeet, a minor falsely represented himself to Nakul that he was a

• Roshan purchases a desktop computer from Harish on Harish’s plea

• Anurag promises to pay Rs. 11,000 to the management committee of

• Avdesh contracts to sell a piece of silk to Bupesh. Bupesh thinks it is

• Dhan-Dhan Bank Ltd., a scheduled bank, was to arrange remittance

• Rajesh made a complaint before the Consumer Disputes Redressal

• Prudent Investments Ltd. was celebrating silver jubilee of its

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