GROUP MEMBERS:

BUSINESS & INDUSTRIAL LAW

NAME IDHAMAIL AHMED 9883MUBASHIR MAGRAY 9719MURTAZA UR REHMAN

9727

RAZI SIDDIQUI 9723MAHAD 9030

SUSEQUENT IMPOSSIBLITIES

(section 56)

Death Insane

WAR

CHANGE IN LAW

DESTRACTION OF SUBJECT MATTER

FAILURE OF PURPOSE

MINOR

Capacity of PARTIES

MINOR

UNSOUND MIND

Disqualified By LAW

Nature of minor’s agreement

Void Agreement : “An agreement with Minor is Void.”

Minor And Necessaries : “A Person who supplies necessaries to a Minor.”

Agreement On Behalf Of Minor: “A Minor binding in contract by his guardian.”

Majority Act, 1875 (Sec.11)

Nature of minor’s agreement

Minor As an Agent : “A Minor can act as an Agent.”

Minor As a Partner : “Minor Cannot become a Partner of a firm.”Contract By Minor And Adult : “A Minor & an adult jointly inter in a contract with another person.”

Majority Act, 1875 (Sec.11)

BAILMENTSection 148

“Delivery Of Goods From One Person To Another Person for

specific purpose”

Essential of bailment

• Contract• Specific purpose• Delivery of goods• No change of ownership• Return of same goods

Contract

“The legal relationship between bailer & bailee known as contract”..

SPECIFIC PURPOSE

“Ali gives his car to mechanic for repairing. Repairing is specific purpose”

Delivery of goods

ALI BUYS A TV FROM KAMRAN. THAN ALI ASK KAMRAN TO KEEP THE TV FOR 30 MINS FOR THAT TIME KAMRAN IS BAILE

No change of ownership

The possession of goods change from one person to another person

RETURN THE SAME

ABOUTRIGHTS OF BAILEE

RIGHTS OF BAILEE RIGHT TO CLAIM DAMAGES

RIGHT TO RECEIVE EXPENSE

RIGHT TO STOP DELIVERY

RIGHT TO SUE

AGENT

AGENTThe principal-agent relationship is an

arrangement in which one entity legally appoints another to act on its behalf. In a principal-agentrelationship, the agent acts on behalf of the principal and should not have a conflict of interest in carrying out the act.

Agency Theory

Essentials of Agency

1 . Agreement2 . Principal3 . Agent4 . Intention5 . Consideration not necessary

Duties of Agent

Duty to follow direction.Duty to work with Reasonable skills.Duty to Renda Accounts.Duty to termination of Agency.Duty not to deal on his own Accounts.Duty not to make a SECRET Profit.