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Business Law
1. Rakesh had approached Lena
Bank for a Home Loan, one of the conditions of availing Home Loan was to obtain
a Surety. Rakesh had for this purpose convinced Mohan to act as a Surety for
Rakesh. Mohan agreed to act as a Surety for Rakesh. Can you explain what type
of contract that Mohan will have to execute with the Bank. Give the features of
such type of contract? In event of default by Rakesh, what steps can the bank
take against Mohan? (10 Marks)
2. Please elucidate elaborately
2 practical instances where Right to Information Act, 2005 has increased
transparency, accountability and better performance in the working and
administration of the public authorities. (10 Marks)
3. Arvind had purchased a 3-BHK
flat in Mumbai from Goldfin Builders in 2015. He had entered into a registered
Agreement with the Builder towards the purchase. Arvind was promised possession
of the Flat on or before 30th September 2016. The cost of the Flat was Rs. 4
crores, which Arvind had entirely paid for. However, the Builder had not handed
him over the possession till date. Mr. Arvind has the Following queries:
a) Which Forum he should
approach for filing a claim against the Builder? What reliefs should Arvind
claim against the Builder? (5 Marks)
b) Can you help Arvind in
identifying with at least 2 legal precedent (cases) supporting his claim
against the Builder? (5 Marks)
Assignment Solutions, Case study Answer sheets
Project Report and Thesis - Contact
www.mbacasestudyanswers.com
ARAVIND – 09901366442 – 09902787224
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