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SEPTEMBER 2024Foundation

Question 2

Sub-questions (6)

question_2_a_i4 MarksProblem Solving

M/s RK Traders (Buyer) made a contract with M/s CK Traders (Seller) for purchase of 2000 kg of basmati rice specifically grown in Chhattisgarh State should be packed in pink colour bags of 25 kg each to identify the place of origin by specifying the mode of packing of basmati rice. The seller agreed for specific packing of rice grown in Chhattisgarh State. However, by misunderstanding, staff of seller packed the quantity of 1800 kg of basmati rice grown in the State of Maharashtra in white colour bags of 30 kg each and the remaining quantity of 200 kg, grown in Chhattisgarh State, in pink colour bags of 25 kg each. Referring to the provisions of the Sale of Goods Act, 1930 analyse, whether the buyer has the right to reject the entire quantity of basmati rice supplied by the seller. On the other hand what is the remedy available to buyer if he has to accept the entire quantity to fulfil his other contracts with other parties?

question_2_a_ii3 MarksProblem Solving

Kartik agreed to sell his laptop to Vasant for a price to be fixed by Kusum a hardware engineer. However, before the delivery of the laptop, Kartik changed his mind and did not share any particulars and configuration of the laptop with Kusum, which made her unable to do the valuation. Kusum refused to do valuation. Vasant needed laptop for his project, so he promised Kartik that, if the laptop is delivered to him, he would pay a reasonable price for it However, Kartik decided not to sell his laptop to Vasant. Now, Vasant wants to know from you, being a legal expert, whether Kartik is bound by his promise as he agreed earlier to deliver his laptop to him at a reasonable price. If he does not agree to deliver what is the other remedy available to Vasant? Advise, referring to the provisions of the Sale of Goods Act, 1930.

question_2_b_i5 MarksShort Answer

Referring to the provisions of the Companies Act, 2013, answer the following: (i) "Corporate veil sometimes fails to protect the members of the company from the liability connected to the company's actions." Explain any three instances.

question_2_b_ii2 MarksShort Answer

Referring to the provisions of the Companies Act, 2013, answer the following: (ii) What is the effect of Memorandum and Articles when registered?

question_2_c_i4 MarksShort Answer

Referring to the provisions of the Limited Liability Partnership Act, 2008, answer the following: (i) Under what circumstances a Limited Liability Partnership is compulsorily required to change its name? Also, explain the compliance requirement following the change of name and the consequences, if any, in case of default therein.

question_2_c_ii2 MarksShort Answer

Referring to the provisions of the Limited Liability Partnership Act, 2008, answer the following: (ii) What do you mean by a Small Limited Liability Partnership?

september_2024_paper_2_business_law | Kartavvya