• Illegal Contracts
    Illegal Contractual Terms and Restraints of Trade in Contracts When dealing with contract law, many problems can arise. There can be illegal terms in the contract or it can just be void. There are restraints on trade which include limiting employees from competing against their employers post...
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  • how to use cloud storage
    com/law-library/article/void-vs-voidable-contract-lawyers.html http://www.businessdictionary.com/definition/void-contract.html When dealing with contracts, the terms "void" and "voidable" are often confused. Even though these two contract types seem similar, they are actually completely different. A contract that...
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  • Contracts
    All Contracts are Agreements but all Agreements are not Contracts. Explain the statement Introduction: Contracts and agreements are related in so many significant ways. Contracts mean agreeing on specific matters weather those are national or international aspects of agreements or not. In a broad sense...
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  • Contratc Act
    INDIAN CONTRACT ACT, 1872 Scope of Study Legal Aspects of Contracts Parties to Contract Offer and Acceptance Types of contracts Legal Aspects of Contracts Contract is result of Promise to a certain thing in exchange for a promise from other. Contract law assures that promise so...
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  • Business Law
    elements of the contract? o (1)an agreement (2) between competent parties (3) based on the genuine assent of the parties that is (4) supported by consideration (5) made for a lawful objective, and (6) in the form required by law. • Who are the parties of the contract? o Promisor...
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  • Student
    Introduction: Contracts and agreements are related in so many significant ways. Contracts mean agreeing on specific matters weather those are national or international aspects of agreements or not. In a broad sense, [1]contract is an agreement between two or more competent parties in which an offer...
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  • Mistake
    Mistake There are many types of mistake in contract law, and it is important that you understand each of them. 1.1 Operative mistake Operative mistake is classified as follows. a) Common mistake - A common mistake is where both parties hold the same mistaken belief of the facts. b) Mutual...
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  • further aspects of contract and tort
    as forms of discharge of a contract and remedies for that. It will also apply these laws to the cases provided to illustrate the application of these laws. Vitiating factors represent some sort of defect in the formation of the contract. Examples of this are that the contract is based on a mistake or a...
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  • Kinds of Contarct
    Kinds of contract Contract can be divided into three types 1) Acoording to enforceability 1) Valid contract : A valid contract is an aagreement which is inforceable by law. An agreement becomes inforceable when all the essential’s of a valid contract is are present. In a valid contract all the...
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  • Void Agreements
    LESSON 10: VOID AGREEMENTS Learning Outcomes After today’s class you should be able to answer the following questions; • • • The agreements expressly declared to be void The uncertain agreements The wagering agreements have not been discussed in the preceding chapter. Illegal agreements are...
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  • mercantile laws
    law is taken in broader aspect covering both the Mercantile Laws and the Commercial Laws. Further it is categorized into particular fields as Contracts, Sale, Agencies, Bailment, Negotiable Instruments, Partnership etc. Indian Mercantile Laws is an outcome of the British law with the modification...
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  • Hello
    INDIAN CONTRACT ACT, 1872 The Law of Contract Constitutes the most important branch of mercantile or commercial law. It affects everybody, more so, trade, commerce anq industry. It may be said that the contract is the foundation of the civilized world. The law relating to contract is governed...
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  • Casestudy
    Business Law * Betterment of the society * Made for the people or group of the people * Areas of laws are various example contract law, criminal law etc * Is to protect people. DEFINES AS: All the laws related to business transaction. In order to carry business. OBLIGATIONS:...
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  • Life and Me!!!!!!
    Explain various ways in which a contract may be terminated. Distinguish between valid and void contract. various way in which contract may b terminated are as follows. Impossibility of Performance A contract typically requires one or more parties to do something, which is called performance. For...
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  • Fredrick Douglas
    9 What is the difference between a Mutual Mistake and a Unilateral Mistake? Do Mistakes as to the Value of an item affect the contract? What happens to contracts entered into through Duress, Fraud or Undue Influence? Do Statements of Opinion affect the enforceability of a contract? Chapter 10 ...
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  • Unit 5
    Individual Project What is the difference between an express and an implied contract? The difference between an express and an implied contract is that with the express contract the people can say the terms either verbally or in writing at the time of creating the contract. There can also be a written...
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  • Short Selling
    the price of security drops to Rs 38000, short seller could buy it back in order to return the security and lock a profit of 2000 (the price difference between 40000 and 38000), less the borrowing fee. Islamic Point of View Short selling is prohibited (Haram) from the Shariah perspective. Shariah...
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  • Contract Law
    Contract Law Name BUS 311 Business Law I Professor Date The law of contracts has been a part of our culture for a long time. Contracts are an agreement, either written or spoken, with a company or person to do something that is agreed upon with binding terms. Contracts are the glue that keeps...
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  • Contract Law
    INDIAN CONTRACT ACT, 1872 The Law of Contract Constitutes the most important branch of mercantile or commercial law. It affects everybody, more so, trade, commerce anq industry. It may be said that the contract is the foundation of the civilized world. The law relating to contract is governed...
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  • Northwest
    ContractsContract: Definition and Role A promise or a set of promises which the law will enforce. • Offer: General Rules A contract cannot exist until an offer is made by one and accepted by another. • Offer: Definition A tentative promise made by the offeror, subject to a condition or...
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