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Business Law-NMIMS Solved Assignments-Sep16

Business Law-NMIMS Solved Assignments-Sep16

Q1: What are the Implied Conditions and Warranties in respect of Sale of Goods? Please explain by supporting with an Example? (10 marks)

Q2: Mr. Narayan Malvankar wants to obtain certain information from University of Mumbai. He plans to file a Right to Information (RTI) Application to obtain the Information. He has certain questions in his mind regarding this. Please assist Mr. Narayan Malvankar on what is the process to apply the RTI Application and in event if he is denied of the Information what recourse should he adopt? (10 marks)

Q3: Arun was hunting for a residential property in city of Mumbai. He finally zeroed in on a property at Dadar. Mr. Wagle was the owner of the said property and was interested in selling the property.

- On 1st January, 2016 Arun met Mr. Wagle and it was agreed upon that the price of the property would be Rs. 3 crores. It was also agreed that a token amount of Rs. 75 lacs would be given by Arun to Mr. Wagle on 15th January, 2016.

- On 15th January, 2016 Mr. Wagle and Arun entered into an Agreement to sell whereupon Mr. Wagle recorded his intention to sell the property for Rs. 3 crores. It was also confirmed that Arun has paid Mr. Wagle a sum of Rs. 75 lacs towards Advance Payment (Token) for the Sale of the property.

- Further it was agreed that Arun and Mr. Wagle would enter into a registered Agreement of Sale on 20th January, 2016. Thereafter, the possession of property would be handed over by Mr. Wagle to Arun, this subject to simultaneous payment of Rs. 2.25 crores by Arun to Mr. Wagle.

- However, on 19th January, 2016, Mr. Wagle called Arun to inform him that he does not desires to sell the property. Mr. Wagle asks Arun to collect back the Amount of Rs. 75 lacs.

- However, Arun still insists that as Mr. Wagle had entered into an Agreement dated 15th January, 2016 and therefore he was entitled for the said property

Question:

a) Based on the above facts can Mr. Arun insist or enforce Mr. Wagle to sell his Flat? (5 marks)

b) Based on the facts above and assuming that Mr. Wagle had informed Arun that he does not want to sell his Flat on 22nd January, 2016. Could Arun insist or enforce Mr. Wagle to sell his Flat? (5 marks)

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