Legal Aspects of Business - Legal Aspects of Business Section 1

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11. A undertakes to repay B a loan of Rs.1,000 by five equal monthly installments with a stipulation that, in default of payment of any installment, the whole shall become due.

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12. A, a builder, contracts to erect and finish a house by the first of January, in order that B may give possession of it at that time to C, to whom B has contracted to let it. A is informed of the contract between B and C. A builds the house so badly that, before the first of January, it falls down and has to be rebuilt by B, who in consequence, loses the rent which he was to have received from C and is obliged to make compensation to C for the breach of his contract.

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13. A, a decree-holder, and entitled to the execution of B’s goods, requires the officer of the court to seize certain goods, representing them to be the goods of B. The officer seizes the goods, and issues by C, the true owner of the goods.

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14. A, a man enfeebled by disease or age, is induced, by B’s influence over him as his medical attendant, to agree to pay B an unreasonable sum for his professional services.

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15. A, a merchant in Calcutta, has an agent, B, in London to whom a sum of money is paid on A’s account, with orders to remit. B retains the money for a considerable time. A, in consequence of not receiving the money, becomes insolvent.

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