Page 22 - DCOM103_COMMERCIAL_LAW
P. 22

Unit 1: Law of Contract




          12.   M mows L’s lawn without being asked by L to do so. L watches M do the work but does   Notes
               not attempt to stop him. Is L bound to pay any charges to M?
               [Hint: Yes, L is bound to pay M a reasonable remuneration.]
          13.   C orally offered to pay A, an auto mechanic, ` 50 for testing a used car which C was about
               to purchase from D. A agreed and tested the car. C paid A ` 50 in cash for his services. Is
               the agreement between C and A (a) express or implied, (b) executed or executory, (c) valid,
               void, voidable or unenforceable?
               [Hint: The agreement is (a) express, (b) executed, and (e) valid.]

          Answers: Self Assessment

          1.   implied contract     2.  voidable contract   3.  enforceable
          4.   illegal agreement    5.  False            6.  True
          7.   True                 8.  True

          1.11 Further Readings




          Books      G. Vijayaragavan Iyengar (2007), Introduction to Banking, Excel Books, New Delhi.
                     S.S. Gulshan, Business Law, Third Edition, 2006, Excel Books, New Delhi.

                     S.S. Gulshan, Mercantile Law, Third Edition, 2006, Excel Books, New Delhi.


          Online links  http://business.gov.in/manage_business/contract_law.php

                     http://lawcommissionofi ndia.nic.in/1-50/Report13.pdf





































                                           LOVELY PROFESSIONAL UNIVERSITY                                    15
   17   18   19   20   21   22   23   24   25   26   27