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5413 Business Law

The document provides instructions for students submitting assignments for the Business Law course. It warns that plagiarism or hiring someone to complete assignments will result in penalties. It outlines assignment requirements such as answering all questions, avoiding irrelevant information, submitting typed assignments by the due date, and seeking tutor help for unclear questions only. The first assignment covers Contract Act 1872 topics like contracts, agreements, illegality, and quasi-contracts. The second assignment covers partnership agreements, partner liabilities, bills of exchange, sales delivery, and worker compensation. Students must score 50% to pass.

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251 views2 pages

5413 Business Law

The document provides instructions for students submitting assignments for the Business Law course. It warns that plagiarism or hiring someone to complete assignments will result in penalties. It outlines assignment requirements such as answering all questions, avoiding irrelevant information, submitting typed assignments by the due date, and seeking tutor help for unclear questions only. The first assignment covers Contract Act 1872 topics like contracts, agreements, illegality, and quasi-contracts. The second assignment covers partnership agreements, partner liabilities, bills of exchange, sales delivery, and worker compensation. Students must score 50% to pass.

Uploaded by

mansoor
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
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ALLAMA IQBAL OPEN UNIVERSITY, ISLAMABAD

(Department of Commerce)

WARNING
1. PLAGIARISM OR HIRING OF GHOST WRITER(S) FOR SOLVING
THE ASSIGNMENT(S) WILL DEBAR THE STUDENT FROM AWARD
OF DEGREE/CERTIFICATE, IF FOUND AT ANY STAGE.
2. SUBMITTING ASSIGNMENT(S) BORROWED OR STOLEN FROM
OTHER(S) AS ONE’S OWN WILL BE PENALIZED AS DEFINED IN
“AIOU PLAGIARISM POLICY”.
Course: Business Law (5413) Semester: Spring, 2023
Level: ADC/BS (Account & Finance)
Please read the following instructions for writing your assignments.
(AD, BS, BEd, MA/MSc, MEd) (ODL Mode)
1. All questions are compulsory and carry equal marks but within a question, the
marks are distributed according to its requirements.
2. Read the question carefully and then answer it according to the requirements of
the question.
3. Avoid irrelevant discussion/information and reproducing from books, study
guide or allied material.
4. Hand written scanned assignments are not acceptable.
5. Upload your typed (in Word or PDF format) assignments on or before the due
date.
6. Your own analysis and synthesis will be appreciated.
7. Late assignments can’t be uploaded at LMS.
8. The students who attempt their assignments in Urdu/Arabic may upload a
scanned copy of their hand written assignments (in PDF format) on University
LMS. The size of the file should not exceed 5 MB.
You are required to solve all questions if you are unable to understand any question of
assignment, do seek help from your concerned tutor. But keep in mind that tutors are not
supposed to solve the assignment questions for you.
Total Marks: 100 Pass Marks: 50
ASSIGNMENT No. 1
(Units 1-4)
Q.1 Keeping in view the Contract Act 1872, explain the following terms with one
example for each: (20)
i. Contract
ii. Agreement
iii. Illegal Agreement
iv. Quasi Contract
1
Q.2 Every contract involves a mechanism of offer and acceptance in a business.
Explain in detail the legal provisions of offer and acceptance under the contract Act
1872. (20)

Q.3 All contact need to have consideration for their validity. What is meant by the term
consideration? expalin the various legal provisions re3garding the consideration.
(20)

Q.4 What is meant by performance of contract? Who can demand performance of


contract? Explain in detail with examples the legal provisions regarding the
performance of contract. (20)

Q.5 How a contract of agency is created and how it can be terminated under the
Contract Act 1872. (20)

Total Marks: 100 Pass Marks: 50


ASSIGNMENT No. 2
(Units 5-9)

Q.1 Discuss in detail the types of partners in a partnership agreement. Is profit sharing
an essential component of this agreement? Explain. (20)

Q.2 Discuss in detail the liabilities of partners in a partnership as per the Partnership
Act 1932. (20)

Q.3 Explain in detail the concept of bill of exchange under the negotiable instruments
Act 1881. (20)

Q.4 Explain in detail the concept of delivery under the Sales of Goods Act 1930. (20)

Q.5 Explain in detail the various compensation for injuries/losses available to workers
under the Workmen Compensation Act 1923. (20)

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