• mercantile laws
    by the conditions remaining in India. This law regulates trade and commerce and form an integral part of the society. The Mercantile Laws covers various Acts such as: The Indian Contract Act 1872, the Sale of Goods Act 1930, the Partnership Act 1932, the Companies Act 1956 etc. The Indian Contract...
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  • Bbaro
    Legal Regulatory Framework Unit 1 Unit 1 Structure 1.1 Law of Contract – Indian Contract Act 1872. 1.1.1 Law – Its origin 1.1.2 Definition – Contract 1.1.3 Essentials of a Valid Contract 1.1.4 Classes of Contract 1.1.5 Questions 1.2 Offer or Proposal 1.2.1 Essentials of a Valid Offer 1.2.2 Questions...
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  • - Understanding the Essential Elements of a Valid and Legally Binding Contract
    cases will be considered from the legal standpoint. Legal aspect has always been important to any kind of business. Depending on the scale of operations we can see legal departments in large multinational corporations or small companies outsoursing lawyers or getting legal consultations. Knowledge of the...
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  • Business Law
    behaviour that is regarded by the persons engaged in the practice as law. Customs do not have the force of law unless they are recognized in a case. "Legal" or "trade" customs are not given recognition as law unless they are certain and not unreasonable or illegal. In Singapore, custom is a minor source...
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  • introduction to law
    Thus, we can say that the parties to a contract, in a sense make the law for themselves. So long as they do not transgress some legal prohibition, they can frame any rules they like in regard to the subject matter of their contract and the law will give effect to their contract. Definition of contract ...
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  • Contract
    of promise, it is obvious that an agreement is an accepted proposal. The two elements of an agreement are: (i) offer or a proposal; and (ii) an acceptance of that offer or proposal. What agreements are contracts? All agreements are not contracts. Only those agreements which are enforceable...
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  • Smu Assignments
    Some knowledge of law is necessary for all persons since life of each member of society must proceed to a large extent in conformity with recognized rules and principles of social conduct. Life in general and business in particular could not continue without law to regulate the conduct of people and to...
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  • Business Law
    or a set of promises. Ex: A makes an offer to sell his car for rs.150000 to B. B accepts the offer. This offer after acceptance becomes a promise and the promise is an agreement between A and B. 2. What is an acceptance? An: According to section 2(b) acceptance is “when the person to whom the proposal...
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  • Contracts
    two minds, which take place when an offer by one party is accepted by the other. * Must be at least two parties. Contract and Obligation distinguished * * One of the sources of obligation. * There is no contract without an obligation. * The legal tie that exists after the contract...
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  • contracts
     Contract Law Notes Contracts ‘A’ Offer Bilateral contracts Unilateral contracts Offers to the public at large What is an offer? Mere puff Supply of information Invitation to treat Categorizing transactions Advertisements a) Advertisements in a catalogue or a curricular b) Advertisements...
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  • Asasdwefdwedegvef
    Contract Law Notes Contracts ‘A’ Offer - Bilateral contracts - Unilateral contracts - Offers to the public at large What is an offer? - Mere puff - Supply of information - Invitation to treat Categorizing transactions - Advertisements a) Advertisements...
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  • Financial
    ELECTRONIC CONTRACT AND THE LEGAL ENVIRONMENT Sarabdeen Jawahitha* & Noor Raihan Ab Hamid** 1.0 Introduction The World Wide Web (WWW) has brought new opportunities and challenges to various people. The businesses utilize it for their benefit by expending their activities not only in physical space...
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  • law homework
    There are 4 components of a contract, including offer, acceptance, consideration and intention to create legal relations. Therefore, when we advise whether it is a binding contract, we need to consider whether these components are included. Offer is defined as “an expression of willingness to contract...
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  • Element of the Law of Contract
    general principles . . . . . . . . . . . . . . . 5 Part I Requirements for the making of a contract . . . . . . . . . . . . . . . . 19 Chapter 2 Offer and acceptance . . . . . . . . . . . . . . . . . . . . . 21 Chapter 3 Consideration . . . . . . . . . . . . . . . . . . . . . . . . . 39 Chapter 4 Other formative...
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  • Hello
    bargain is absent and there is no intention to create legal relations are not contracts. These are: (a) Agreements relating to social matters: An agreement between two persons to go together to the cinema, or for a walk, does not create a legal obligation on their part to abide by it. Similarly...
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  • Law of Contract
    contracts include: Contract of guarantee, Contract of insurance etc. - Simple contracts. These are contracts whose formation is not subject to any legal formalities. The contract may be oral, written or implied from the conduct of the parties e.g. Contract of sale of goods Partnership agreements etc...
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  • Ethical Business Contracts: Law & Protocol
    Contracts: Protocol, Laws & Ethicality There are various kinds of contracts which arise within our business world today; contracts are an essential component to business livelihood. Although a contract is an agreement, not all agreements are valid contractual obligations. In order for any contract...
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  • Legal Asspect of Business
    Master of Business Administration-MBA Semester III MB0051-Legal aspects of Business-4 Credits (Book ID: B1725) Roll No. 1205019884 Questions: 1. It is important for any person to know as ignorance of law is no excuse. Modern Indian law has been derived from some sources. Discuss the primary...
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  • Common Law
    types are there? Explain each type. What are required to form a valid contract? I. Business agreement and its different types Business agreement is a meeting of mind which is made between two or more legally competent parties, about their relative duties and rights regarding current or future...
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  • Study Guide Exam 2 for Bul 3320
    Children, physical disability, mental disability, superior skill or knowledge, and emergencies Know the differing duties of a landowner with respect to various types of individuals entering its land or premises * Duty to Trespassers – not to injure intentionally * Duty to Licensees – to warn of known...
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