Business Law PRESENTATION

Answer :
No the girlfriend cannot 01
recover from the Som
because he is not legally Question
oblige to give the ring to his Som promised a diamond ring to his girlfriend

girlfriend. It was just a at the time of marriage. During the

domestic agreement which
ceremonies, Som fails to give the ring to his
can be broken at their will
girlfriend. Can the girlfriend recover the ring

from Som?

Business Law 2
 Answer:
02 No the Nalin is not oblige to sell the
paining at this low cost and if he doing
Question this it must be out courtesy. Nalin will
Jacob had advanced a loan of Rs 5,00,000 at bank rate of interest to
not get any benefit in the loan taken
Nalin when the latter was in dire need of money. Before Nalin could
from Jacob because it was the contract
repay the entire amount to Jacob, a situation presented where Nalin was between Jacob and Nalin and Jacob’s
in the process of selling an original Jamini Roy painting to Jacob’s sister was not involved.
sister for Rs 60,000, a price much lower than the market price of the If Jacob wishes to settle down the loan
painting as Jacob had indicated that it was his real sister who was in lower rate it might be out of courtesy
purchasing the art. Is Nalin bound to sell the painting to Jacob’s sister at but he not legally bound.
the reduced price?

Business Law 3
Answer :
Ranjit and Mani are not partners
because partners need to share the
profit to be in the partnership
agreement. In this case they are
sharing the rent to convert the
premises into the hospital which is
not a valid partnership
Business Law
03
Question
Ranjit and Mani jointly purchased an office building
opposite Apollo Centre and contributed equal amount to
convert the premises into a hospital. Later these premises
were leased out to Phoenix Hospital and Research center
for a monthly payment of Rs 3,00,000. Are Ranjit and
Mani partners?
4
 Belfour
vs
Belfour

Business Law
 ABOUT THE CASE
Mr. Belfour use to live with his
wife in Sri Lanka. In 1915 in his
01 vacation Mr. and Mrs. Belfour
came back to England

Mrs. Belfour became ill during this period and ask by her
02 doctor to stay in England for medical attention.
As MR. Belfour was about to set sail, he promised her to send
£30 every month until she returned.

Later after few years they drifted

apart and he wrote saying it would
03 be better that their separation
become permanent.

After their separation Mr. Belfour

stops paying her £30.
04 In 1919, Mrs. Belfour sued him to
keep up with the monthly Business Law
payment. 6
 Question

Does Mr. Belfour promise to

pay £30 per month constitute
a valid contact which can be
sued upon?

Business Law 7
JUDGEMENT OF THE
CASE

• As mentioned above, the agreement

was not legally binding, the
agreements made in personal family
relationships are not counted in law of
contract the agreements made between
spouses to provide capitals or
monetary benefits does not hold any • The court of Appeal had unanimously
legally binding authority. ruled that there was no such enforceable
agreement between Mr. Balfour and
Mrs. Balfour.
Business Law 8
Lalman Shukla
VS
Gauri Dutt
Characters

Lalman Shukla : servant

D

Gauri Dutt
D

Gauri dutt’s
Nephew
 Gauri Dutt refuses to
About the case give reward money of
RS. 500 to Lalman
Shukla
Suddenly after some
time Lalman Shukla
brought back nephew at
home 04
When Lalman was out

03 searching for the

nephew Gauri Dutt
announced who so ever
finds the missing
One fine day Gauri
Dutt’s nephew went nephew will be
missing
Gauri Dutt called
servant Lalman Shukla
02 rewarded with RS. 500

and sent him for the

search of nephew.

01
 Question

Is he liable to get money

from Gauri Dutt or not

Business Law 12
 Judgement of
According to Indian contract ACT 1872,
Lalman Shukla is not liable to get reward the case
money because, offer given by the Gauri
Dutt was not accepted by the Lalman
Shukla, so Gauri Dutt bound to refuse the
claim made by Lalman.

Business Law 13
Thank you
Presenters name

Aman Jain
Aman Rathore
Shubh Mantri