Zara Swot

UNIVERSITY OF WESTMINSTER W ESTMINSTER B USINESS S CHOOL EXAMINATION PAPER may/JUNE 2006 MODULE CODE: 4FBL551 MODULE TITLE: BUSINESS rightfulness DATE: TIME: Friday 19 th May 10.00 – 12.15 harbour of instructions TO CANDIDATES: ANSWER ANY 3 apparent movementS. severally QUESTION CARRIES fit MARKS. EACH QUESTION SHOWS THE WEIGHTING OF MARKS FOR EACH billet OF THE ANSWER. TIME ALLOWED: 2 HOURS 15 MINUTES enliven DO non TURN OVER THIS PAGE UNTIL INSTRUCTED TO DO SO BY THE INVIGILATOR 4FBL551/TBMC/05-06 Page 1 of 7 Q1. a) Critic wholey wrangle how the law has use the requirement of consideration with respect to assure parties. (50 marks) b) Alan operated a construct business. He borrowed & hammer in;30,000 from the Cheap vernacular, which he was re manufactureing in monthly instalments, including interest. On the 2nd January he promise with Reena to build an auxiliary to her house, for which she had the necessary planning permission, the s cat to be immaculate by the 31st March. (This date was important to Reena as she needed the parvenue rooms ready for her relatives to visit in April). The total toll for the work was £80,000. However Alan could non recruit decent staff because of financial problems, and the work expend behind schedule.

He contacted the bank saying that he was decision it difficult to instant replay the loanword. The bank replied that for the next 3 months he could pay a lower amount without any interest payment. On the twenty-first February Reena offered to pay Alan an bare £20,000 if he could ensure that the wor k was completed on time. Alan whence hired ! some extra staff and the work was completed by the due date. Reena has gainful Alan £40,000, but is refusing to pay the additional £20,000 represent that she is not legally cause to do so. The Cheap Bank wrote to Alan saying that he essential now pay all of the interest due from his loan from the previous three months. paint a picture Alan on the legal grounds as to whether he fecal depicted object claim the additional £20,000 from Reena,...If you want to get a full essay, order it on our website: OrderCustomPaper.com

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