BAIBF 08005

BUSINESS LAW

SUBMITTED BY,
ANLIA JOSEPH
PART A-

LAW OF OBLIGATIONS:
1. Anu purchased a typing machine which was discovered that it was re-built although it
looked new. Here Anu has all rights to claim for all the damages she has been facing. She
should get all compensation required due to all the losses claimed. As she was cheated by
the supplier she can fully bargain for the amount to be allotted.

2. Here Kiran entered into the contract of building a house with Benny only on certain
specifications how to built it. There were no conditions that so and so amount will be
allotted for his work. So, kiran has all rights to ask for the money for how much he has
worked. Benny is supposed to pay the amount of money demanded by Kiran.

3. According to this situation, a fixed amount of 22,00,000 was promised to pay after the
work is done. Due to unexpected shortage there was an over cost of 5,00,000. Ram is
supposed to pay the amount demanded by shyam because the cost incurred was
unexpected and for which shyam is not responsible.

4. In this case Milind is liable for all the activities or good conducts of Binu. After the
discovery of misappropriation of cash Milind is liable because all responsibility of Binu.
This is also known as a form of liability where one person is responsible for the actions
of the other one.

5. Here Prakash entrusts his watch to Sachin for certain repairs which could not be done due
to his daughter’s marriage. Although prakash did not pay him for the repairs he should
get his watch back because he had entitled a certain time period for the repair which was
delayed by sachin. So here sachin is supposed to get paid on the basis of work done so
far.
PART-B

BUSINESS ORGANIZATIONS & CAPITAL & FINANCING METHODS.

1. SOLE PROPRIETORSHIP BUSINESSES-

(a) MAGIC TRADING CORPORATION is a business and research and development

company, which is a supplier of special and military products for Ministry of
Defense, Home office SR, Customs office and other safety organizations. Company
was established in 1996 as Ltd. Main Products dealt by Magic Trading Corporation
are guns, military products. They are mainly following the short term sources of
external finance where external finance describes the finance found from outside the
business. Here Magic Trading has uses sources like banks and creditors.

(b) ALLIANCE INTERNATIONAL TRADING CO. LTD: They consist a team of

professionals in personal care products as well as expertise in sales, marketing and
management. They have been establishing strong distribution networks in the region,
in particular, our home country in Hong Kong and throughout Asian countries .They
are specialized in the personal care products. The sources of finance followed by
Alliance International Trading Co. Ltd. Is overdraft facility where a bank allows a
firm to take more money than what is available in their bank account.

(c) QUEST MARKETING GROUP: Quest International is a major producer

of flavors and fragrances with sales of £560 million in 2005 before its acquisition by
rival Givaudan. Quest created and marketed flavours and fragrance concepts and
solutions for the fast-moving consumer goods industries. Quest made ingredients for
foods, snacks, beverages, personal care, fine fragrances, and home hygiene products.
Quest Flavours was headquartered in Naarden, Netherlands; Quest Fragrances was
based in Ashford, Kent, UK. The sources of finance used above is trade credits which
describes that the suppliers deliver goods now and are willing to wait for a number
days for the pay

2. PARTNERSHIP BUSINESSES-

(a) Sabare International is a home textile furnishings powerhouse in the Bed, Bath and
Dining categories. Incorporated as a Partnership firm in 1991, Sabare has morphed itself
into a solution provider in the home furnishing segment. The evolution has culminated in
Sabare becoming an "Approved and Valuable Vendor " for Wal-Mart, Jc Penny and
Target. Sabare servers the true global Home textile as a one-stop-shop solution provider
 with its product range encompassing the vast variety of home textile furnishings and
innovative rugs & floor coverings that are gaining popularity the world over. With its
presence in India, China, Europe and the USA, Sabare harnesses the cheap
rolex competencies across borders making it truly Global. The sources of finance used
are loans from banks or from family and friends. A mortgage, which is a special type of
loan for buying property where monthly payments are spread over a number of years.

(b) Micro Belts And Tyres Pvt Ltd is a Private incorporated on 20 September 1991. It is
classified as Non-government company and is registered at Registrar of Companies,
Mumbai. Its authorized share capital is Rs. 50,000,000 and its paid up capital is Rs.
39,840,700.It is involved in EXTRA TERRITORIAL ORGANIZATIONS AND
BODIES. Micro Belts And Tyres Pvt Ltd's Annual General Meeting (AGM) was last
held on 29 September 2016 and as per records from Ministry of Corporate Affairs
(MCA), its balance sheet was last filed on 31 March 2016. The sources used is Trade
credits, where suppliers deliver goods now and are willing to wait for a number of days
before payment. Debt financing may be secured or unsecured. Secured debt has
collateral (a valuable asset which the lender can attach to satisfy the loan in case of
default by the borrower). Conversely, unsecured debt does not have collateral and places
the lender in a less secure position relative to repayment in case of default.

(c) Techno software solutions is a outsourcing ,consulting and software development

company with presence in INDIA and CANADA. We provide Software Development
Outsourcing services especially in ORACLE,NET , JAVA , Testing , SAP and SAP
ABAP development. The sources used are Factoring, where firms sell their invoices to a
factor such as a bank. They do this for some cash right away, rather than waiting 28 days
to be paid the full amount. Equity financing means exchanging a portion of the
ownership of the business for a financial investment in the business. The ownership
stake resulting from an equity investment allows the investor to share in the company’s
profits. Equity involves a permanent investment in a company and is not repaid by the
company at a later date.

3. COMPANIES-

(a) Ingram Micro is a wholesaler of IT products and services. Its headquarter remains
in Irvine, California despite the fact the company has been acquired by the Chinese
group HNA in 2016. With sales over 43 billion USD in 2015, it is the world's largest
wholesaler in technology products and services. It sells (only to IT resellers) products
and services from manufacturers such as Acer Inc., Apple, Cisco, Google, Hewlett-
Packard ("HP"), IBM, Lenovo, Microsoft, Samsung .The company ranks 64th in the
2016 Fortune 500. In February 2016, Ingram Micro was acquired by Chinese A stock
listed company Tianjin Tianhai Investment, a subsidiary of Haikou, China-based
HNA Group, for $6 Billion.. The transaction reportedly made Ingram the biggest
revenue generator for HNA Group. The strategic reason for the transaction was to
better reach “business opportunities in emerging markets, which have higher growth
 rates and better profitability.” HNA Group’s logistics and its presence in China was
intended to help Ingram's growth.[1] The sources of finance used here are Hire
purchase or leasing where monthly payments are made for use of equipment such as a
car. Leased equipments is rented and not used by the firm. Hired equipment is owned
by the firm after final payment.
(b) Oracle Corporation is a multinational computer technology corporation,
headquartered in Redwood Shores, California. The company primarily specializes in
developing and marketing database software and technology, cloud engineered
systems and enterprise software products—particularly its own brands of database
management systems. In 1995, Oracle Systems Corporation changed its name
to Oracle Corporation,[9] officially named Oracle, but sometimes referred to as
Oracle Corporation, the name of the holding company.[10] Part of Oracle
Corporation's early success arose from using the C programming language to
implement its products. This eased porting to different operating systems (most of
which support C). In 2015 Oracle was the second-largest software maker by revenue,
after Microsoft. The source used here is a mortgage which is a special type of loan for
buying property where monthly payments are spread over a number of years.
(c) Intel Corporation is an American multinational corporation and technology
company headquartered in Santa Clara, California that was founded by Gordon
Moore and Robert Noyce. It is the world's largest and highest valued semiconductor
chip makers based on revenue, and is the inventor of the x86 series
of microprocessors: the processors found in most personal computers (PCs). Intel
Corporation was founded on July 18, 1968, by semiconductor pioneers Robert
Noyce and Gordon Moore, and widely associated with the executive leadership and
vision of Andrew Grove. The company's name was conceived as portmanteau of the
words integrated and electronics. The source used is grants from charities or the
government to help businesses to get started, especially at the main areas where there
is high unemployment.