Mr. Malik wants to buy 100 acres of land to construct a mega-project near Super Highway, where he provides a high standard of living with security and all facilities are available in this project to his clients. Where 100 acres of land belongs to some poor people who live nearby this land. He hires Mr. Owais and provides him Rs. 10 Million to vacate some land from these poor people. He threatens these poor people and forcefully makes a signature on the sale agreement. After a week he acquired entire 100 acres of land from these poor people and handed over all land to Mr. Malik & made above mentioned mega project. In the light of the above story following questions have been raised. A sale agreement from poor people is in written format. Does this agreement show that they sold their respective lands? Yes or No? Give reason to support your answer in Part A?
Mr. Malik wants to buy 100 acres of land to construct a mega-project near Super Highway, where he provides a high standard of living with security and all facilities are available in this project to his clients. Where 100 acres of land belongs to some poor people who live nearby this land. He hires Mr. Owais and provides him Rs. 10 Million to vacate some land from these poor people. He threatens these poor people and forcefully makes a signature on the sale agreement. After a week he acquired entire 100 acres of land from these poor people and handed over all land to Mr. Malik & made above mentioned mega project. In the light of the above story following questions have been raised. A sale agreement from poor people is in written format. Does this agreement show that they sold their respective lands? Yes or No? Give reason to support your answer in Part A?
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Mr. Malik wants to buy 100 acres of land to construct a mega-project near Super Highway, where he provides a high standard of living with security and all facilities are available in this project to his clients. Where 100 acres of land belongs to some poor people who live nearby this land. He hires Mr. Owais and provides him Rs. 10 Million to vacate some land from these poor people. He threatens these poor people and forcefully makes a signature on the sale agreement. After a week he acquired entire 100 acres of land from these poor people and handed over all land to Mr. Malik & made above mentioned mega project. In the light of the above story following questions have been raised.
- A sale agreement from poor people is in written format. Does this agreement show that they sold their respective lands? Yes or No?
- Give reason to support your answer in Part A?
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