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Assignment BUS 202

The document contains two questions regarding business law cases in Bangladesh. For question 1, the Dutch Bangla Bank paid arrear taxes owed by the landlord for their leased branch office to avoid eviction. When trying to recover the payment from the landlord, he refused, arguing the bank was not obligated to pay his taxes under their lease agreement. For question 2, an auction house sold an antique sofa below its owner's reserved price of 300,000 taka. The owner refused to accept the 120,000 taka in proceeds, but the auction house said they acted legally in conducting the auction sale. The antique owner seeks legal advice.

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34 views

Assignment BUS 202

The document contains two questions regarding business law cases in Bangladesh. For question 1, the Dutch Bangla Bank paid arrear taxes owed by the landlord for their leased branch office to avoid eviction. When trying to recover the payment from the landlord, he refused, arguing the bank was not obligated to pay his taxes under their lease agreement. For question 2, an auction house sold an antique sofa below its owner's reserved price of 300,000 taka. The owner refused to accept the 120,000 taka in proceeds, but the auction house said they acted legally in conducting the auction sale. The antique owner seeks legal advice.

Uploaded by

dil afroz
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
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BRAC University

BRAC Business School

BUS 202: Business Law


[Section I]
Summer 2015

Take Home Assignment


[Dead Line for submission 7th August 2017]

[Note: For assignment students are required to form groups of not more than 5-7 students and submit the assignment as
Take Home Open Book Assignment.]

Q 1. Dutch Bangla Bank Ltd. maintains a posh and luxurious branch office in Banani,
Dhaka under a ‘Contract of Tenancy’ with the landlord of the premises. The tenancy
in question is a long one (for a period of 10 years) because the Dutch Bangla Bank
Ltd paid Tk. 25,00,000/- as advance to the landlord and also invested quite a sum of
money for facing-up and internal decorations of their branch office too.

One morning, the Dutch Bangla Bank Ltd. received a notice from the Government of
Bangladesh addressed to their landlord for payment of arrear revenue of Tk.
5,05,000 that remain unpaid/due to the landlord for a considerable period of time
and the notice also signifies that in the event of failure to pay in time the
Government of Bangladesh shall cancel the landlord’s lease and take position of the
property (the branch office of Dutch Bangla Bank Ltd.) . Thus, the management of
Dutch Bangla Bank Ltd. not finding the landlord in Bangladesh, immediately paid
the arrear government revenue in time in order to avoid any untoward situation,
eviction from the property and also to protect their own interest.

Afterwards, when the Dutch Bangla Bank Ltd. ask for reimbursement from the
landlord (by deducting the amount from monthly rent) landlord objected by saying
that payment of arrear revenue by the Dutch Bangla Bank Ltd was irregular and if
they did so, they did that on their account .The landlord further argued that neither
the arrear revenue was due to the Dutch Bangla Bank Ltd. nor their exist any such
obligation in the ‘Contract of Tenancy’ that they(DBBL) would have to pay for him.

Dutch Bangla Bank Ltd. is eager to realize the money paid by them, advise them.

Q 2. Mr.Y, an elderly descendant from the Nabab family of Bogra, while in need of cash
fund handed over an old sofa-set with ornamental engraved designs on it (in fact, an
antic) made of Burma-teek wood to an Auction House at Dhaka to sell the same in
auction on his behalf and informed them that the sofa-set should not be sold below
an amount of Tk. 300,000/-. One Mr. Chowdhury (an antic collector having good
knowledge of antic and their values) became interested on it and followed the items
on different auction dates and found that nobody is bidding for the same for more
than Tk. 1,00,000/- or so (not understanding the real value of it). But he still keeps
on waiting and finally bought it for Tk. 120,000/- only knowing that ‘reserved price’
for the said item was earlier fixed at Tk. 300,000/-.

In terms of the auction, Mr. Chowdhury paid Tk. 120,000/- to the Auction House
and took delivery of the sofa-set accordingly.

While the Auction House asks the owner of the antic (Mr. Y) to take the sale
proceeds of the auction sell, he (Mr. Y) refused to accept the same from the Auction
House saying that they cannot sell the antic below the price set by him earlier (which
is taka 300,000/-). But the Auction house replied that they have done nothing illegal
and as such, they are not bound to give any formal reply to his allegations.

The antic owner (Mr. Y) came to you for advice. Advise him.

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