The question (15 marks)
A supplier of raw materials has not been paid for three consignments. The company disputes the quality of the second consignment in a reply sent five days after receiving the supplier's demand notice. Advise the supplier. (15 marks)
MU Module II, head 2.1.
Plan your answer on paper before you look at the authorities — issue first, then the rule, then apply it to these facts.
It tests Unit 2 · Corporate Insolvency and Liquidation of Bankruptcy Laws.
Authorities you will need
- Sections 8 and 9 of the Code
- Section 5(6), defining dispute
- Section 5(21), defining operational debt
- Section 5(20), defining operational creditor
How an answer is marked
A full-marks answer names the issue in one line, states the rule with its section, cites the authority, applies it to these facts and concludes — in that order. The app's model answer for this question is written in exactly that shape, with a checklist to mark your own attempt against.