W ESTMINSTER B USINESS S CHOOL
EXAMINATION PAPER whitethorn/JUNE 2006
MODULE CODE: 4FBL551 MODULE TITLE: BUSINESS truth DATE: TIME: Friday 19 th May 10.00 – 12.15
book of instructions TO CANDIDATES: ANSWER ANY 3 QUESTIONS. EACH QUESTION CARRIES fit MARKS. EACH QUESTION SHOWS THE WEIGHTING OF MARKS FOR EACH billet OF THE ANSWER.
TIME ALLOWED: 2 HOURS 15 MINUTES
PLEASE 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 discuss how the law has use the requirement of consideration with respect to contracting parties. (50 marks) b) Alan operated a construct business. He borrowed £30,000 from the Cheap vernacular, which he was repaying in monthly instalments, including interest. On the 2nd January he contracted with Reena to build an auxiliary to her house, for which she had the necessary planning permission, the scat to be completed 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 not recruit decent staff because of financial problems, and the work fell behind schedule.
He contacted the bank saying that he was finding it difficult to instant replay the loan. 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 work was completed on time. Alan therefore 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 obliged to do so. The Cheap Bank wrote to Alan saying that he must 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 matter claim the additional £20,000 from Reena,...If you want to get a full essay, order it on our website: Orderessay
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