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what is market and what is the difference between primary
and secondary market
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Answer / david sachan
market is any real or virtual place where two parties come
closer for buying & selling in order to satisfy their needs.
primary market is a market where securities are traded for
first time. e.g. IPOs of companies
secondary market is a market where securities are traded
after primary market. e.g share market.
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CASE STUDY (i) A invites B to a dinner party. B accepts the invitation. A made elaborate arrangements but B failed to turn up. Can A sue B for the loss he has suffered? (ii) On the other hand, if B went to the venue for the dinner party. To his surprise he finds that no dinner Arrangement has been made. B had spent a certain amount to reach the venue. Can B sue A for the loss he (B) has suffered? (iii) A sees a rare book displayed in a shop. It is labeled “First Edition Rs.15” A enters the shop and puts Rs. 15 on the counter and asks for the book. The book- seller does not agree to sell saying that the Real price of the book is Rs.50 and that it had been marked Rs.15/- by mistake. Is the book seller Bound to sell the book for Rs.15/- (iv) On the 5th of a month A makes an offer to B by a letter which reaches B on the 6th On the 7th B posts his letter of acceptance. Meanwhile, on the 6th a posts a letter to B revoking the offer. On seeing it B sends a telegram to A on the 8th confirming the acceptance given through his letter on the 7th Discuss the legal effects of the three letters and the telegram. Note: Assignment should consist of about 200 words per case-let. I.e. totally 800 words (about 4 pages) for the Entire case study. Questions: Q1. Introduction of the subject being discussed and the principle enunciated in the Law. Q2. Enumerate the facts of the decided case on the point. Q3. Explain the decision pronounced by the Court of Law in each of these cases.
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