Alamgir Contractors have started construction of an Apartment Complex in Main Gulberg, Lahore. They have advertised the sale of ten two bedroom apartments in the local newspaper, stating as a special offer that these ten apartments are available at a special discount price to the first 10 buyers who will deposit Rs. 1,000,000/- in Alamgir Contractors Bank Account.

Part A: Hamid paid Rs. 1,000,000/-, and learnt that his friend Arif had bought an identical apartment in the same building, but did not use the special offer. But Arif had paid the same price as Hamid. This meant that Hamid did not receive the discount advertised in the newspaper. When he went to Alamgir Contractors, they said their prices were fixed.

Part B: Assume Hamid bought the apartment by signing a contract and paying the entire price. The contract included a clause whereby the Contractors offered the buyer a single chance to inspect the apartment, after which the Contractor would be excluded from all liability for any defects. Hamid visited the apartment, and everything looked to be in order. In the monsoon season after a few hours of constant rain, the windows started leaking, and the apartment was flooded. Alamgir Contractors say that cannot be held liable.

ASSIGNMENT TASKS:

Part A: Write an opinion advising Hamid on the various tasks listed below.

Part B: Discuss the possible options available to Hamid.

Part A: In your opinion, Explain to Hamid: 1. Whether there is a contract between the parties? Why or Why not? 2. If there is a contract, who made the offer and who accepted it? 3. What kind of contract is this? Discuss the impact of different types of contract. 4. If there is no contract, what is missing? Also explain the importance of the essential elements required for the formation of a valid contract.

Part B: 1. Discuss the elements of a contract present in this situation. 2. Analyze the various terms in this contract with reference to their meaning and effect.