Question
Part 1 (Case Study-5 marks each) 1- Mr. Ahmed is a resident of Phase V Defense and deals in cars. On 14 September 2020 in
Part 1 (Case Study-5 marks each) 1- Mr. Ahmed is a resident of Phase V Defense and deals in cars. On 14 September 2020 in the morning at 8 30 am two known people came to his office put pistol on his head and forced him to sign a contract for sale of car for Rs. 500,000 with real worth of Rs. 20,00,000. When they left Mr. Ahmed immediately call you for advice. As his legal consultant advice Mr. Ahmed as to legality of the contract and options he has. 2- Miss Ayesha is recently selected as MNA and is completely unaware as to the process for formation of law in Pakistan. She called you on 14 of September, 2020 to seek advice as to the process of legislation. Advice Miss Ayesha of the role of parliament in formation of Law. 3- Mr. Ahmad has some finance which he wants to invest in business of Cars. He is confused about structure of company and its formation. Irfan told Mr. Ahmad about you being expert in the field of formation of company. You are required to give advice to Mr. Irfan as to formation of company and its status after that. 4- Mr. Waseem is a sleeping partner in The partnership Firm and invested Rs. 500,000.On 14 September, 2020 partnership firm suffered a loss resultantly every other partner has to bear loss of 50,00,000. Mr. Waseem seeks our advice as to how much amount he has to pay for the loss of the company. Guide him. 5- Mr. Rizwan is the father in law of Mr. Qureshi. Mr. Qureshi forced Mr. Rizwan to sign a sale deed of the flat at much lesser consideration than the market value by taking advantage of their relationship. Give your opinion as to the validity of such contract. Part B ( 5 marks each) 1- When one computes total taxable income sum of all incomes from different heads are taken. What are different head of incomes? 2- Usually carriers are liable to bear loss except some circumstances. Briefly explain what those circumstances are. 3- When communication of offer is completed? When communication of offer and acceptance is completed as against the proposer and acceptor? Part C (Short answers) Explain the differences between 1-Memorandum of Association and article of Association (3) 2-Sales Tax and Income tax (3) 3-Sale trader, partnership and company (4) Part D ( Mcqs one mark each) 1- Voidable contract is one a) Which is lawful b) Which is invalid c) Which is valid as long as it is not avoided by the party entitled to do so d) Which is unlawful 2- A and B contract to marry each other. Before the time for the marriage, A goes and mad. The contract becomes a) Void b) Illegal c) Valid d) Voidable 3- ................ is forbidden by law. The Court will not enforce such a contract. a) Valid Contract b) Illegal agreement c) Voidable Contract d) Unenforceable Contract 4- A promised to marry B. Later on B died. This contract of marriage a) Becomes void b) Is void from very beginning c) Is valid d) Is illegal now 5- A offers to sell his car for Rs. 50,000 to B.B says he would buy it for Rs. 40,000. This is a case of a) Counter offers b) Implied offers c) Direct offers d) Express offers 6-Acceptance may be a) Express b) Implied c) Neither (a) nor (b) d) Either (a) or (b) 7-These two persons can enter into a valid contract a) One minor and a major person b) One minor and a person of sound mind c) Husband and Wife d) One major person and an insolvent 8-Which one is not considered as the role of judiciary? a) Settle disputes between states. b) Interpret the law c) Enforce the law. d) Deal with appeals 9-Judge of Supreme court holds the office till the age of _____ a) 60 b) 62 c) 65 d) 45 10-Consultation of Supreme Court by president for legal opinion is known as ______. a) Appellate jurisdiction b) Advisory jurisdiction c) Original jurisdiction
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