Business law

Quiz #03

Faculty Name: Abdus Salam Shaikh Course Code: LAW401

Section: M-17470 Date: 30-03-2023
Time: 35 Mins + 10 Mins for submission

Name: ___________________________ Roll # ________

Note:
 Answer the following questions with example where necessary.
 Submit your quiz to the faculty and upload the soft copy of the quiz on lms.

Question# 01
a) Vazir said to Saulat, “I will buy speed boats worth Rs. 10,000,000 from you, if you obtain the
licence for me to operate the boats at Clifton beach”. Saulat agreed and applied for the licence
and deposited Rs. 100,000 as processing fee. However, before the issuance of licence, the city
government imposed ban on the issuance of new licences. Saulat wants Vazir to buy the speed
boats as he had made necessary efforts to arrange for the licence. However, Vazir refuses to buy
the speed boats from Saulat.
Under the Contract Act, 1872 identify the type of contract between Vazir and Saulat. Also state
whether Vazir is now bound to purchase the speed boats from Saulat.
b) Zubair agrees to construct a bungalow for Ubaid for Rs. 20 million on the condition that
payment will only be made after Muneer, an architect, certifies that the bungalow has been
constructed in accordance with the layout plan.
Under the provisions of the Contract Act, 1872 describe the nature and validity of the above
contract.
c) Asim agreed to construct a bungalow for Ali at a cost of Rs. 50 million. However, it was agreed
that payment would only be made on completion of the project.
Is this a contingent contract under the Contract Act, 1872? Give reasons. Also list the requisite
characteristics of a contingent contract.

Question# 02
a) Under the provisions of the Contract Act, 1872 briefly describe various types of quasi-contracts.
b) Mohsin acquired a piece of agricultural land in Moro, Sindh from a local landlord, Qasim
Soomro, on a lease term of twenty years. The revenue payable by Qasim Soomro on his land to
the Provincial Government was in arrears. As a result, the land was advertised for sale by the
Provincial Government. Mohsin, in order to prevent the sale of land, paid the sum due by Qasim
Soomro to the Provincial Government.
Under the provisions of Contract Act, 1872 explain whether Mohsin can recover such amount
from Qasim Soomro.