The IndianContractAct, 1872
Nature of Contract
MEANING OF CERTAIN TERMS
When one person signifies to another
To do or to abstain from doing anything,
With a view to obtaining the assent of that –
To such act; or
He is said to...
Contract law is based on number of Latin legal principles, out of which ‘consensus ad idem’ is the most important, which means a meeting of the minds between the parties i.e. an agreement among them. It is said to be part of private law because it does not bind the state or person that...
LL.B. I Term
Paper – LB – 102 - Principles of Contract
The law of contracts touches equally upon the lives of ordinary persons and the activities of small and big business. This branch of law deals with law relating to promises, their formation, performance and enforceability. It is scattered over...
Indian Mercantile Laws or Commercial Laws or Business Laws
are one and the same terminologies except that business 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...
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 and secondary of Indian law.
Ans: 1 Gone are the days when it was believed, “Ignorance is bliss”. In the modern times ignorance...
REDDY, P. JAGANMOHAN
REDDY, P. JAGANMOHAN
1971 AIR 712 1971 SCR (3) 469
1971 SCC (1) 424
Contract-Claim on basis of Quantum Meruit - When sustainable
Brief Facts of the Case
The Public Works Department of the State of UP...
of business environment. This enables an enterprise to face the problems with confidence and secure the maximum benefits of business opportunities available.
(7) Keeping Business Flexible and Dynamic: Study of business environment is needed for keeping business flexible and dynamic as per the changes...
The law of contract is the foundation upon which the superstructure of modern business is built. It is common knowledge that in business transactions quite often promises...
The Sale of Goods Act, 1930
THE SALE OF GOODS ACT, 1930
ACT No. 3 OF 1930 [ 15th March, 1930.]
An Act to define and amend the law relating to the sale of goods.
WHEREAS it is expedient to define and amend the law relating to the sale of goods; It is hereby enacted as follows:-
THE INDIANCONTRACTACT, 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...
|A civil wrong which entitles a party to claim damages in addition |It gives only the right to rescind the contract and there can be no|
|to the right to rescind the contract. |suit for damages. |
|In fraud, the...
The law relating to contracts in India is contained in the IndianContractAct, 1872. It extends to the whole of India except the State of Jammu and Kashmir from the first day of September, 1872. The Act deals with the general principles of the law of contract and some...
INDIAN BARE ACTS
Sale Of Goods Act, 1930 [Act No. 3 of Year 1930] An Act to define and amend the law relating to the sale of goods WHEREAS it is expedient to define and amend the law relating to the sale of goods; It is hereby enacted as follows: CHAPTER SECTIONS TITLE
I II III IV V VI VII 1-3 4-17...
GOODS ACT, 1930
[3 OF 1930]
An Act to define and amend the law relating to the sale of goods
Whereas it is expedient to define and amend the law relating to the sale of goods; it is hereby enacted as follows:—
Short title, extent and commencement.
1. (1) This Act may be...
Indian Institute of Management Kozhikode
( IIMK )
BUSINESS LAWS 2013
PGP Core Course ; Term II for PGP Batch 17 & FPM 2013 Batch
Name of the Instructors
Lionel Aranha B.Com., LLB., FCA. ; &
Sebastian Tharakan B.A. (Law)., LLB., MBL.
Number of Credits
Insurance, unlike most financial products, is characterised by the reversal of the production cycle insofar as premiums are collected when the contract is entered into and claims and costs arise only if a specified event occurs. Insurers intermediate risks directly.