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    Fall 2022 - MGT611 - 1 - SOL

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    bc190205729 ALVIA KHAN
    This document provides examples and questions for an assignment on business and labor law. It includes 4 examples of agreements or contracts, and asks students to identify the type of each agreement, and whether it is a valid or void contract. For each example, it provides the answer, explaining the classification and reasoning. The due date for the assignment is December 5th, and it is worth 20 marks.

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    Fall 2022 - MGT611 - 1 - SOL

    Uploaded by

    bc190205729 ALVIA KHAN
    46 views2 pages
    This document provides examples and questions for an assignment on business and labor law. It includes 4 examples of agreements or contracts, and asks students to identify the type of each agreement, and whether it is a valid or void contract. For each example, it provides the answer, explaining the classification and reasoning. The due date for the assignment is December 5th, and it is worth 20 marks.

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    Fall 2022_MGT611_1_SOL

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    This document provides examples and questions for an assignment on business and labor law. It includes 4 examples of agreements or contracts, and asks students to identify the type of each agreement, and whether it is a valid or void contract. For each example, it provides the answer, explaining the classification and reasoning. The due date for the assignment is December 5th, and it is worth 20 marks.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    46 views2 pages

    Fall 2022 - MGT611 - 1 - SOL

    Uploaded by

    bc190205729 ALVIA KHAN
    This document provides examples and questions for an assignment on business and labor law. It includes 4 examples of agreements or contracts, and asks students to identify the type of each agreement, and whether it is a valid or void contract. For each example, it provides the answer, explaining the classification and reasoning. The due date for the assignment is December 5th, and it is worth 20 marks.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 2

    Semester Fall 2022

    MGT611-Business & Labor Law


    Assignment

    DUE DATE: 5th December MARKS: 20


    Read the examples given below and answer the questions. (5 marks each)

    a) Umar and Murtaza enter into an agreement that if Team Red beats Team Blue,
    Umar will give an amount of Rs.5,000 to Murtaza. In case, Team Blue wins,
    Murtaza will give Rs. 5,000 to Umar. Identify the type of agreement between
    Umar and Mutaza and state whether the contract is a valid or a void contract.

    Answer:

    Such an agreement is considered a “Wagering Agreement” in the eyes of law.


    Agreements by way of wager are void, and no suit shall be brought for recovering
    something supposed to be won on any wager or entrusted to anyone to abide by the
    results of any game or different uncertain event on which any wager is formed.

    b) Abdullah threatens to hurt Yosuf if he does not sell his house to Abdullah for only
    5 lakh rupees. Yosuf sells the house to Abdullah. This is not a valid contract as it
    is not meeting a condition of free consent to the parties. Identify that condition
    and comment on it.

    Answer:
    It will not be a valid contract since Yosuf consent was obtained by coercion. Now the
    effect of coercion is that it makes the contract voidable. This means the contract is
    voidable at the option of the party whose consent was not free. So the aggravated party
    will decide whether to perform the contract or to void the contract. So in the above
    example, if Yosuf still wishes, the contract can go ahead.

    c) Muntaha purchased a car insurance policy in order to protect her car from
    damages while driving. she paid the associated insurance premium payment.
    State whether the contract is a valid or a void contract.

    Answer:
    Muntaha is interested in the car and that she will lose nothing in the event of a future
    unpredictable occurrence, such as an accident. As a result, it is not a wager. It is a valid
    contract.
    A wagering contract is one in which two people or parties who profess to hold opposing
    or contradictory viewpoints or perspectives about a potential unknown or strange case
    or event agree that there is no other consideration for any party to allow such a contract
    based on the outcome of the event that one must win or lose.

    d) Saeed promises Anwar to paint his horse after one month at an agreed payment
    of Rs. 50,000. Before the completion of one month, Saeed died. State whether the
    contract can be performed or not. Also mention the legal status of this contract.

    Answer:
    The contract becomes void as the contract cannot be performed, i.e. the person who
    was supposed to perform the contract is no more, so there is an impossibility of
    performance of the contract.
    This type of Contract is known as Void Contract.

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