Contract Act_Practical Problems_107

A agrees to sing at B’s theatre at the night on January 1, 2008 but falls ill and is unable to perform on the agreed date. B sues A for breach of contract and claim damages. Can A take plea of frustration ?

Contract Act_Practical Problems_106

A agreed to supply 500 picture tubes of color television at Rs. 3,000 per piece to Bon 1-1-2008. The goods were to be delivered within one month. On 15-1-2008, the Government announces enhancement in the excise duty leviable on these picture tubes and in consequence the cost price rose from Rs. 2,700 to Rs. 4,000 per tube. A declines to supply the goods. Discuss Can A take plea of frustration ?

Contract Act_Practical Problems_105

M’s son is bedridden and he needs money badly for his treatment. He agrees to dispose of his shop worth Rs. 5 lakh for Rs. One lakh only to N. After one month of the agreement, M applies for cancellation of the agreement on the ground of undue influence’. Will he succeed?

Contract Act_Practical Problems_104

A filed a suit against his brother B for possession of a half-share in the property which was alleged to be ancestral one. The suit was dismissed. Later on, to secure reconciliation and family peace, B executed a registered deed agreeing to transfer the half-share in the said property to A. A filed a suit for possession on the basis of this instrument. B raised the plea that the agreement was without consideration and hence void. Decide.

Contract Act_Practical Problems_103

B, a young wrestler of about 17½ years, looking much older than his age, procured a loan of Rs. 45,000 on interest at 12% per annum from M, a moneylender and executed a promissory note in his favour. B represented himself to be 21 years old at the time of getting the said loan. B invested Rs. 40,000 with a limited company on interest at 18% per annum and lost the remaining amount of Rs. 5,000 in gambling. However, the said company went into the liquidation and B’s entire investment was lost. When M filed a suit against B for recovery of the aforesaid amount, the latter pleaded ‘minority’. How will you adjudicate the matter?

Famous quotes of Dhirubhai Ambani..:

From beginning Dhirubhai was seen in high-regard. His success in the petro-chemical business and his story of rags to riches made him a cult figure in the minds of Indian people. As a quality of business leader he was also a motivator. He gave few public speeches but the words he spoke are still remembered for their value.

• " With the force of 3million investors RIL will reap the title "World's Biggest Company" ".

*"Tax is for the poor or the stupid people."

*"I am deaf to the word "no"."

• "Growth has no limit at Reliance. I keep revising my vision. Only when you dream it you can do it."

• "Think big, think fast, think ahead. Ideas are no one's monopoly"

• "Our dreams have to be bigger. Our ambitions higher. Our commitment deeper. And our efforts greater. This is my dream for Reliance and for India ."

• "You do not require an invitation to make profits."

• "If you work with determination and with perfection, success will follow."

• "Pursue your goals even in the face of difficulties, and convert adversities into opportunities. "

• "Give the youth a proper environment. Motivate them. Extend them the support they need. Each one of them has infinite source of energy. They will deliver."

• "Between my past, the present and the future, there is one common factor: Relationship and Trust. This is the foundation of our growth"

• "We bet on people."

• "Meeting the deadlines is not good enough, beating the deadlines is my expectation. "

• "Don't give up, courage is my conviction."

• "We cannot change our Rulers, but we can change the way they Rule Us."

• "Dhirubhai will go one day. But Reliance's employees and shareholders will keep it afloat. Reliance is now a concept in which the Ambanis have become irrelevant."

mouse trap

A mouse looked through the crack in the wall to see the farmer and his wife open a package.

What food might this contain?' the mouse wondered - - -he was devastated to discover it was a mousetrap.

Retreating to the farmyard, the mouse proclaimed the warning : There is a mousetrap in the house! There is a mousetrap in the house!' The chicken clucked and scratched, raised her head and said, 'Mr.Mouse, I can tell this is a grave concern to you, but it is of no consequence to me. I cannot be bothered by it.'

The mouse turned to the pig and told him, 'There is a mousetrap in the house! There is a mousetrap in the house!' The pig sympathized, but said, 'I am so very sorry, Mr.Mouse, but there is nothing I can do about it but pray. Be assured you are in my prayers.'

The mouse turned to the cow and said, 'There is a mousetrap in the house! There is a mousetrap in the house!' The cow said, 'Wow, Mr. Mouse. I'm sorry for you, but it's no skin off my nose..'


So, the mouse returned to the house, head down and dejected, to face the farmer's mousetrap . . . alone.

That very night a sound was heard throughout the house -- like the sound of a mousetrap catching its prey. The farmer's wife rushed to see what was caught. In the darkness, she did not see it was a venomous snake whose tail the trap had caught. The snake bit the farmer's wife.

The farmer rushed her to the hospital, and she returned home with a fever.

Everyone knows you treat a fever with fresh chicken soup, so the farmer took his hatchet to the farmyard for the soup's main ingredient. But his wife's sickness continued, so friends and neighbors came to sit with her around the clock. To feed them, the farmer butchered the pig. The farmer's wife did not get well; she died.

So many people came for her funeral, the farmer had the cow slaughtered to provide enough meat for all of them.

The mouse looked upon it all from his crack in the wall with great sadness.

So, the next time you hear someone is facing a problem and think it doesn't concern you, remember ----

when one of us is threatened, we are all at risk. We are all involved in this journey called life.. We must keep an eye out for one another and make an extra effort to encourage one another.

REMEMBER. . . . . . EACH OF US IS A VITAL THREAD IN ANOTHER PERSON'S TAPESTRY; OUR LIVES ARE WOVEN TOGETHER FOR A REASON.