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    Assignment 1

    Subject: Business Law

    SUBMITTED TO: Prof. NAEEM ULLAH Sb.

    Submitted By:

    Muhammad Rafiq

    Roll No; 271

    B.Com Hons 3rd Semester

    Section D Morning

    Hailey College of Commerce

    University of the Punjab

    Lahore

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    Sale deed of a Car

    This deed of sale, made on the 22nd

    of the July, 2005 between

    Sajid Javeed S/O Abdul-Saeed

    (Hereinafter called The vendor)

    Abid Ali S/O Allah Yaar

    (Hereinafter called The Purchaser)

    Witness as follows;-

    1. In consideration of the sum of Rs 900,000/- paid by the purchaser to the vender on 22nd

    of the July, 2005 the vender as owner hereby transfer to the purchaser by way of sale of

    Honda Civic model 2005, red colour, high speed meter .2. The vender hereby covenants with the purchaser as follows:-

    (1)The said car shall be quietly entered into and upon and held and enjoyed and the

    rents and profits received there from by the purchaser without any interruption by

    the vender or any other person.

    (2)The vender will at cost of the person requiring the same execute and do every such

    assurance or thing necessary for further or more perfectly assuring the said car to

    the purchaser, his heirs or assigns as may reasonably be required.

    (3)The interest hereby transferred subsists and the vender has power to sell the same.

    (4)The property hereby sold is free from encumbrances.3. Provided always and it is hereby agreed that wherever such an interruption would be

    requisite to give the fullest possible scope and effect to any contract or covenant herein

    contained the expression The vender and The purchaser hereinbefore used include

    their respective heirs. Legal representatives, successors and assigns.

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    IN WITNESS whereof the parties hereto have signed this deed on the date mentioned

    above.

    Signature Signature

    WITNESS;-

    1. M.Atif S/O M.Azhar 2. Abdul Ahad S/O Abdul Rauf

    Cast, Sayyad, R/O 35 Behriya Town, Lahore. Caste, Malik, R/O 96, Behriya Town,Lahore

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    AGREEMENT OF PUBLICATION RIGHTS

    The following is an agreement dated on 11 November 2010 between Asif Nawazand Sagir Publishers for publishing a novel Saawan written by Asif Nawaz.Authors Grant of Rights

    The author grants to the publisher exclusive first publication rights for two additionsin the work, and further grants a non-exclusive license for the other uses of the work for theduration of its copyright in all languages, throughout the world, in all media.

    The publisher agrees to publish the article in their new addition of books.The publisher shall include a notice in the work saying Copyright Asif Nawaz,

    Readers of this novel can not copy it without the writers permission; otherwise he or they canbe challenged in the court.Warranty of Authorship

    The author warrants to the publisher that the article is original and that he is the soleauthor and has the full power to make this agreement. The author indemnifies the publisheragainst any losses and other expenses, including reasonable attorneys fees, after final

    judgment of any claim or action against any of all of these warranties.Rights of both parties.

    Author can not give the permission of publishing of this novel Saawan to any otherpublishing company before first two additions of this novel from Sagir Publishers.Company will be responsible to publish

    Author Publishing Company Asif Nawaz S/O Amjid Nawaz Sagir PublishersCNIC No. 33205-123334567-4 Registration No.88548325 F2 Block Johar Town Lahore 55-D Johar Town LahoreSignature---------------------------- Stamp--------------------------

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    Agreement to rent a House

    AN AGREEMENT , made on 25th of June,2010 between

    Abdul Aziz S/O Muhammad Ahmad

    (Herein after called The Lessor)

    And

    Safder Ali S/O Sajjad Ali

    (Herein after called The Lessee)

    1. The lessor shall grant and lessee shall accept a lease of the House No 35, Behriya Town,

    Lahore for a period of Two years from 1st

    of July, 2010 at a monthly rent of Rs 10,000/-

    payable in advance on the 1st day of each calendar month.

    2. The lessee shall enter into the following convents:-

    (i) To pay all rates and taxes except the house tax;

    (ii) Not to alter the premises without the lessor consent;

    (iii) To use the house for residential purposes only; and

    (iv) Not to assign or sub-let without the lessor consent.

    3. The lessor will enter into the following convents:-

    (i) To keep the house in repairs;

    (ii) To white-wash and colour-wash the house every year such parts as are now

    white-washed or colour-washed; and

    (iii) T paint woodwork every second year.

    4. The Lessor and lessee will expressly covenant;-

    (i) That they will respectively have the rights and liabilities specified in section 108

    of the Transfer of the Property Act,1882;

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    (ii) That the lease be determinable by either party by three months notice to the

    other.

    5. The lessee shall contain a provision for re-entry in case of non-payment of rent or

    breach of a covenant by the lessee.

    6. The lease shall be prepared by the Lessor at the expense of the lessee and shall be

    executed by the Lessor and lessee on or before.

    IN WITNESS,

    Signature--------------------------- Signature---------------------------

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    PARTNERSHIP AGREEMENT

    1. Name and Business:The parties hereby form a partnership under the name of Ali&CoMotors to deal in

    sales and purchase of automobiles. The principal office of the business shall be Ali&Co Motors

    102 G-4 Johar Town Lahore Pakistan.The partnership shall begin on 1st January 2010, and shall continue until terminated.2. Nature of Business:

    This business will be related with automobiles.3. Capital:

    The capital of the partnership shall be contributed in cash by the partners as follows:i) The capital of the firm shall be Rs 500,000/- to be contributed by each partner in

    equal shares and shall be paid immediately after execution of these partners.ii) A separate capital account shall be maintained for each partner.iii) Neither partner shall withdraw any part of their capital account.iv) Upon the demand of either partner, the capital accounts of the partners shall be

    maintained at all times in the proportions in which the partners share in the profitsand losses of the partnership.

    4. Profit and Loss:The net profits of the partnership shall be divided equally between the partners and

    the net losses shall be borne equally by them. Partnership profits and losses shall be charged orcredited to the separate income account of each partner. If a partner has no credit balance intheir income account, losses shall be charged to their capital account.

    5. Salaries and Withdrawals:Neither partner shall receive any salary for services rendered to the partnership.

    Each partner may, from time to time, withdraw the credit balance in their income account.6. Interest:

    No interest shall be paid on the initial contributions to the capital of the partnership oron any subsequent contributions of capital business and each partner shall devote their entiretime to the conduct of the business. Without the consent of the other partner neither partnershall on behalf of the partnership borrow or lend money, or make, deliver, or accept ancommercial paper, or execute any mortgage, security agreement, bond, or lease, or purchase orcontract to purchase, or sell or contract to sell any property for or of the partnership other thanthe type of property bought and sold in the regular course of its business.

    7. Banking and Books:All funds of the partnership shall be deposited in its name in such checking account

    or accounts as shall be designated by the partners. All withdrawals there from are to be madupon checks signed by either partner.

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    The partnership books shall be maintained at the principal office of the partnership, and eachpartner shall at all times have access thereto. The books shall be kept on a fiscal year basis,and shall be closed and balanced at the end of each fiscal year. An audit shall be made as ofthe closing date.

    8. Death:Upon the death of either partner, the surviving partner shall have the right either to

    purchase the interest of the decedent in the partnership or to terminate and liquidate thepartnership business. If the surviving partner elects to administrator of the decedent, or if at the

    time of such election no legal representative has been appointed, upon any one of the knownlegal heirs of decedent at the last-known address.9. Arbitration:

    Any controversy or claim arising out of or relating to this agreement, or the breachhereof , shall be settled by arbitration in accordance with the rules, then obtaining, of the

    American Arbitration Association, and judgment upon the award rendered may be entered inany court having jurisdiction thereof. In witness whereof the parties have signed this agreement.

    Executed on 1st January 2010 in Lahore, Pakistan.

    Partner: Partner: Ali Raza S/O Abbas Raza Ahmad Noman S/O Asif Raza

    NIC No: 33204-12223456777-9 NIC No: 33202-7654321-1Signature------------------------- Signature-----------------------

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    Deed of sale of Land

    This deed of sale made on 1st March

    , 2010 between

    Ali Nawaz S/O Muhammad Nawaz

    (Herein after referred to as the Vendor)

    And

    Assad Ali S/O Akhter Ali

    (Herein after referred to as the The Purchaser

    Now therefore, This Deed witnesses as follows:

    In consideration of the sum of Rs- 200,000/- paid by the purchaser to the vender on 1st March,

    2010 (The receipt of which the vender hereby acknowledge) the vender as the owner hereby

    transfer by way of sale, all his ownership rights to the purchaser regarding a residential land

    measuring 8 kanals land. The vender hereby agrees with the purchaser as follows:-

    1. The possession shall be handed over to the purchaser on 13th of March, 2010.

    2. The vender shall enjoy all the rights of ownership and the rights of possession without any

    interruption or disturbance by the vender, or any person claiming through the vender or or

    under the vender, or any other person.

    3. The interest hereby transfer subsists and the vender is entitled to sell the same property to

    the buyer.

    4. The property hereby sold the vender is free from debts.

    5. Provided always and It is hereby agreed that vender is free and the purchaser shall be used

    these terms will always include their respective heirs, legal representatives, successors and

    assigners.

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    IN WITTNESS WHEREOF, the parties to this deed have signed this deed on this date.

    DESCRIPTION OF THE PROPERTY SOLD

    Property measuring 8- kanals situated at 52-Block Raiwand road, Lahore registered under

    document no 128mutation no 2956 Khata No 259 and khatooni No 154 .

    Signature --------------- Signature ----------------

    WITNESS:-Farman Ali . Sahil Aslam.

    S/O Naveed Ali .. S/O Aslam Mahmood.

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    IN THE COURT OF SENIOR CIVIL JUDGE LAHORE.

    Asif Raza S/O Ali Tahir Caste Chuhan residential of Yousaf Shah Road Jhang Sadar.(Plaintiff)

    VS

    Sheikh Noman S/O Muazzam Ali Caste Sheikh residential of Saman Abad Jhang Sadar.

    SUE FOR PERMANENT PROHIBITORY INJUNCTION TO RESTRAINING THE DEFENDANTFROM RAISING ANY ILLEGAL CONSTRUCTION OVER THE LAND OF PLAINTIFF.

    The plaintiff respectfully states as follows:1. That the plaintiff is owner in possession of land situated in Johar Town Lahore

    measuring 10 Marlas. The plaintiff is raising building on such land duly sanctioned by the

    appropriate authority.

    2. That the defendant is owner of the land situated at Johar Town Lahore (Adjacent withthe plaintiffs land).

    3. That the cause of action accrued to the plaintiff on 28th

    of July.4. That the plaintiff is permanently residing within the jurisdiction of this humble court and

    all the correspondence from the defendants were received at his home address and the

    office of the defendant is located in the territory of this humble Court, hence this court

    has each and every jurisdiction to try and entertain this suit.

    5. That the value of the suit for the purposes of jurisdiction has been fixed for Rs. 200/- and

    for the purposes of declaration and correct and authorized court fee stamp of Rs.100/-

    has been affixed on the plaint.

    6. That n suit has been instituted against the defendants on the same or similar cause of

    action in any other court including High Court and Supreme Court of Pakistan.

    It is therefore, most respectfully prayed that a degree for permanent prohibitory

    injunction restraining the defendant from raising any construction over the land of plaintiff

    measuring 10 marlas restraining the defendant from causing any construction over the suit land

    against the Municipal Corporation act and Bye-Laws and Town & Country Planning Act and

    Rules and also directing the defendant to remove illegal and unauthorized construction over the

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    suit land owned and possessed by the plaintiff and also directing the demolition of the

    construction already raised on the set-back area of the suit land owned by the defendant .

    PLAINTIFF WILL BE THANKFUL TO YOU FOR THIS ACT OF KINDNESS.

    Applicant:

    Asif Raza S/O Ali Tahir Caste Chuhan (Plaintiff)Signature of Applicant: ---------------------------

    --------------------Through Advocate

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    IN THE COURT OF CENIOR CIVIL JUDGE, LAHORE

    Asif Raza S/O Ali Tahir Caste Chuhan residential of Johar Town Lahore.(Plaintiff)

    AgainstSheikh Noman S/O Muazzam Ali Caste Sheikh residential of Johar Town Lahore.

    Suit for Specific Performance of Contract.

    i) The plaintiff respectfully states as follows:ii) That the Plaintiff is a Govt. Servant working in NADRA Office Lahoreiii) That the Respondent is a property broker having an office at Johar Town Lahore

    with the name of Ali Property Dealers.iv) That the plaintiff agreed with the respondent on 10 Aug. 2008 to purchase the Plot

    No. 142 at Johar Town Lahore. A copy of the contract is attached with the petition.The boundaries of the plot is as under:

    East: RoadWest: House No.541

    North: House No.141South: House No.143

    v) That the respondent accepted a payment of Rs.10000/- through Cheque No.412543of MCB Branch Moon Market Iqbal Town Lahore, and promised to do registry uponpayment of remaining amount.

    vi) That the total value of the plot to be paid be the plaintiff to the respondent, asagreed upon in the contract, is Rs.500000/- in words five lakhs only.

    vii) That the plaintiff tried to pay the remaining amount on several occasions by cash aswell as check but the respondent refused to take the payment.

    viii) That the plaintiff also sent a notice about the same to the respondent on 10-10-2009.

    ix) That the plaintiff is ready to pay the remaining amount, but the respondent is notwilling to transfer the said plot.

    The plaintiff requests to deliver orders against respondent so that he makes his duty.

    PLAINTIFF WILL BE THANKFUL TO YOU FOR THIS ACT OF KINDNESS.

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    Applicant:

    Asif Raza S/O Ali Tahir Caste Chuhan (Plaintiff)Signature of Applicant: ---------------------------

    --------------------Through Advocate

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    AGREEMENT FOR BUILDING A HOUSE

    AN AGREEMENT, made on 15th of August, 2010 between

    Arif Hussain S/OAslam Khan

    (Herein after called The Owner)

    And

    Abid &Sons Construction Company

    (Herein after called The Constructor)

    WHEREBY it is agreed as follows:-

    1. The contractor will erect and build for the owners land, situated at Plot No 35, Dubai

    Town, Lahore and the spot indicated by the green colour on the plan marked No. 1 and

    signed by the both parties hereto, a dwelling house and out buildings, in a substantial and

    workmanlike manner, and in all respects to the satisfaction of the owner, and will supply all

    necessary labour and tools for the purpose, such buildings and works to be executed andcompleted in all respects according to the specifications with the ground and elevation plans

    hereto, anaxed, marked Nos 2 and 3, and signed by the parties hereto, but subject to such

    directions as hereinafter mentioned.

    2. The contractor will completely finish the said dwelling house, fit for occupation, and

    the out-buildings fit for use and remove all plant and prevented by accidents, whether, for

    additions or alterations ordered by the owner in writing or other reasonable cause.

    3. The owner will pay to the contractor weekly during the progress of the said building

    and works, such sums of money as may be sufficient for paying for such actual cost of the

    labour performed in the due course of such buildings and works, together with the sum of Rs

    500,000/- 25% of such cost, which shall constitute the contractors profit.

    4. The owner will, at his on cost and expense, find and provide at convenient places

    near the said site all materials whatsoever necessary for the erection and completion of the

    said dwelling house, out buildings and works. And pay all expenses of and attending the

    carriage thereof, and will also give all notices to, and obtain necessary sanction of, the local

    authority to the said plans, specifications, buildings and works. The contractor shall

    responsible for all materials delivered by the owner on the premises, and shall be charged

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    5. with any deficiency between the amount delivered and the amount actually used in building,

    but all usual allowances for waste shall be allowed.

    6. If the owner shall require any deviation from the said plans and specifications, or any

    more or other buildings or works to be done than those described therein, the contractor

    shall consent to such deviations, and, on the owner finding at his own expense, proper and

    sufficient materials and carriage for the same as aforesaid, duly executes such extra or

    additional works in a proper, substantial and workmanlike manner, in all respects, accordingto such altered plans and specification of the owner. The cost of such deviations, alterations

    and additions shall be estimated and paid in the manner provided by clause 3 hereof.

    7. The contractor shall indemnify the owner in respect of all claims, damages,

    compensation or expense payable in consequence of any accident or injury, sustained by

    any workman or other person, whether in the employment of the contractor or not.

    8. If the contractor shall become unable to carry out the work, or if, without the written

    consent of the owner, he shall assign or sublet this contract, the owner may be notice in

    writing given to the builder thereupon terminate this contract, and all claims of the contractor

    under this contract shall cease.

    9. If the contractor shall in any manner delay or neglect to completely finish the said

    dwelling house, out buildings and additional buildings and works, or any or either of them,

    within the time prescribed for the purpose as aforesaid, it shall be lawful for the owner by

    such notice as aforesaid to require the contractor to proceed with such works, on his failing

    to do so accordingly, to employ any other contractor to continue and complete the said

    dwelling house and buildings, additional buildings and works. If any, according to the said

    plans and specifications, or any deviations there from, and to authorize him to use any plant,

    materials and property of the contractor upon the ground, and the contractor shall in such

    case forfeit and forego all his interest whatsoever under the contract.

    10. In the events specified in the clause 7 and 8 hereof or any of them, the contractor will

    not on any matter hinder or prevent, or attempt to hinder or prevent, the owner or any of the

    workman and others employed by him from proceeding to complete the said building andworks aforesaid.

    11. In case any dispute or difference shall arise between the parties touching or relating

    either to said the buildings or works or to any other matter or thing arising under this

    contract, the same and every of them, shall be referred to Sami Ulllah Khan (architect), who

    alone shall consider, value and determine the same, whose certificates or award shall be

    binding and conclusive upon both the said parties.

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    IN WITNESS

    Arif Hussain S/OAslam Khan Abid &Sons

    Construction Company

    Signature: ----------------------------------- Stamp: -----------------------------------

    Witness:

    1. Ghulam Raza S/O Mohsin Abbas 2. Aqil Shah S/O

    Ahmad Shah.

    NIC No: 33203-1236547-8 NIC No: 32014-

    9874561-2

    Signature-------------------- Signature--------------------

    -

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    LOAN AGREEMENT B/W BANK AND CUSTOMER

    This Loan Agreement was entered into as of Dec. 10, 2010 between

    Aamir Ali residential of 45 G-3 Johar Town Lahore.(Hereinafter called The Borrower)

    AndMCB, Pakistan

    (Hereinafter called The Lender)WHEREAS, Borrower has requested that Lender enter into certain financing

    Arrangements with Borrower pursuant to which Lender may make loans and provide

    Other financial accommodations to Borrower; and

    WHEREAS, Lender is willing to make such loans and provide such financial

    accommodations on the terms and conditions set forth herein;

    NOW, THEREFORE, in consideration of the mutual conditions and agreementsset forth herein, and for other good and valuable consideration, the receipt andsufficiency of which is hereby acknowledged, the parties hereto agree asfollows:

    1. The borrower will repay the debt on May 25th, 2010. And he will also pay interest at the

    rate of 10%. The amount will be credited to his current account and he can withdraw

    money by using cheque.

    2. The lender will receive interest at the rate of 10%. And also he will receive his principal

    amount after two years, because borrower has taken the loan for period of two years.

    3. The borrower has provided a security 8 kanals commercial land document. And hecould receive this document after repayment of the debt.

    4. The lender can not receive the debt before due date. But with the consent of borrower.

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    In witness where all partners have joint their hands at Lahore. Witnesses:-

    Aamir Ali S/O Nawazish Ali MCB Bank

    NIC No: 23041-3698521-4 Moon Market Branch

    Signature-------------------------------------- Bank

    Stamp

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    Agreement between Employee and Employer

    IN AGREEMENT, made on 11th

    of December, 2006 between

    Abdul Rehman S/O Faiz-Ur-Rehman

    (Hereinafter called The Employee)

    Mian Construction Company

    (Hereinafter called The Employer)

    WHEREBY it is agreed as follows;-

    1. The workman hereby agrees to serve the Employer as a Finance Manager for a period

    of two years, from the 15thof December, 2006 and do and perform with all due

    dispatch and punctuality, according to the best of his skill and ability, all such work as

    the employer shall require him to do in such capacity, and at all times to conduct

    himself honestly, faithfully and properly in the course of such service towards the

    employer his customers and his other workman.

    2. The workman will not enter the service or employment of any other person and be

    interested in any business carried on by the employer during the continuance of this

    agreement.

    3. The employer will pay the workman 150,000/- monthly and also other facilities.

    4. If the workman shall absent himself from the service of the employer without his

    consent, or breach this contract, he shall forfeit all wages which may then be due to

    him.

    5. If the workman shall at any time be incapacitated by illness or an accident, or other

    unavoidable cause, from efficiently performing his duties pursuant to this agreement,

    his wages shall be payable of such incapacity, saving the provisions of the workmans

    compensation Act.

    6. Either party may determine this agreement at any time by giving to the other of them

    20 days previous notice in writing for this purpose.

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    IN WITNESS,

    Signature(employer)

    Signature(employee)

    Witness:-

    Ehtashaam Ali S/O Ahsan Ali R/O 41, Zafar Ali Road, Lahore.