Business Ethics.

In the following agreements/contracts, state

(a) The type ofagreement/ contract (b) Whether they are valid or void or voidable.Part (a) and (b) both carry 1 mark each Marks for (b) will beawarded only if the answer to both (a) and (b) is correct 1.

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A and B are partners in a firm engaged in business of transportation in the city of Pune. They agree that during the subsistence of their partnership agreement they shall not carry ona similar business individually. Ans: (a) (b) 2. P and Q make an agreement for sale of goods. P stays inMumbai and Q stays in Delhi. P puts a condition that all disputesrelating to agreement will be referred to Mumbai courts. . Ans: (a) (b) 3. Ramesh agrees to sell his bike to Rajesh for Rs. 30,000.Rajesh is to pay price only if the bike is lucky to him Ans: (a) (b) 4. A, a salesman, leaves goods at B’s house by mistake. B treatsthe goods as his own and consumes the same. Ans: (a) (b) 5. Ramesh agrees to pay Rs. 10,000 to Suresh if Sachin scores acentury in Test match against England. If Sachin does not score acentury, Suresh agrees to pay Rs. 15,000 to Ramesh Ans: (a) (b) .

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