Read the scenario below and offer your opinion as a student of Business Law. Scenario Riaz, an impoverished university student, and his millionaire father enter into an arrangement where Riaz agrees that he will keep the front- and backyards of the family property mowed, and he will ‘do a bit’ to keep the gardens looking tidy. In return, his father agrees to pay him a weekly allowance of Rs.2000. His father had previously used a garden contractor to do the job and paid him Rs.3500. They live on a one-hectare property, and the mowing alone takes half a day a week. After four weeks, Riaz’s father tells him that he can’t afford to pay Rs.2000 a week. He says that Riaz should be doing the work for nothing, as it is the responsibility of the whole family to look after the property; besides, he says, Riaz is getting free board and lodging.(food and stay)   You have to consider some  legal issues regarding contract act before properly advising Riaz. Family discussion Riaz as a Minor Riaz as a Major Consideration is clear or not Any other that you think is relevant Mowing = Cutting the grass etc, Hectare = 2.47 Acres of land, means a big property

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
icon
Related questions
Question

Read the scenario below and offer your opinion as a student of Business Law.
Scenario
Riaz, an impoverished university student, and his millionaire father enter into an
arrangement where Riaz agrees that he will keep the front- and backyards of the
family property mowed, and he will ‘do a bit’ to keep the gardens looking tidy. In return,
his father agrees to pay him a weekly allowance of Rs.2000. His father had previously used a
garden contractor to do the job and paid him Rs.3500. They live on a one-hectare property,
and the mowing alone takes half a day a week. After four weeks, Riaz’s father tells him
that he can’t afford to pay Rs.2000 a week. He says that Riaz should be doing the work
for nothing, as it is the responsibility of the whole family to look after the property;
besides, he says, Riaz is getting free board and lodging.(food and stay)
 
You have to consider some  legal issues regarding contract act before properly advising Riaz.

Family discussion

Riaz as a Minor

Riaz as a Major

Consideration is clear or not

Any other that you think is relevant
Mowing = Cutting the grass etc,
Hectare = 2.47 Acres of land, means a big property
 

Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Financial ratios
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, management and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Understanding Business
Understanding Business
Management
ISBN:
9781259929434
Author:
William Nickels
Publisher:
McGraw-Hill Education
Management (14th Edition)
Management (14th Edition)
Management
ISBN:
9780134527604
Author:
Stephen P. Robbins, Mary A. Coulter
Publisher:
PEARSON
Spreadsheet Modeling & Decision Analysis: A Pract…
Spreadsheet Modeling & Decision Analysis: A Pract…
Management
ISBN:
9781305947412
Author:
Cliff Ragsdale
Publisher:
Cengage Learning
Management Information Systems: Managing The Digi…
Management Information Systems: Managing The Digi…
Management
ISBN:
9780135191798
Author:
Kenneth C. Laudon, Jane P. Laudon
Publisher:
PEARSON
Business Essentials (12th Edition) (What's New in…
Business Essentials (12th Edition) (What's New in…
Management
ISBN:
9780134728391
Author:
Ronald J. Ebert, Ricky W. Griffin
Publisher:
PEARSON
Fundamentals of Management (10th Edition)
Fundamentals of Management (10th Edition)
Management
ISBN:
9780134237473
Author:
Stephen P. Robbins, Mary A. Coulter, David A. De Cenzo
Publisher:
PEARSON