UCC 1. What is the Uniform Commercial Code? Uniform Commercial Code‚ The Uniform Commercial Code represents a general and comprehensive revision of the state’s prior laws applicable to commercial transactions. 2. What is the purpose of the UCC? To simplify‚ clarify and modernize the law(s) governing commercial transactions; to make uniform the law among the various jurisdictions‚ and to permit the continued expansion of commercial practices through custom‚ usage‚ and agreement of the parties
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Formation: For a contract to take place an offer has to be given to someone and he or she would have to accept it in written. The transaction in this case involves a sale of goods contract. “A contract of sale is a legal contract an exchange of goods‚ services or property to be exchanged from seller to buyer for an agreed upon value in money paid or the promise to pay same. It is a specific type of legal contract.’ (1) Offer: On May 1‚ Joseph received a written order from Steve at the price listed
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What is Contract? Discuss Essentials of Contact. According to Section 2 (h) of the Indian Contact Act‚ 1872‚ "A contract is “an agreement enforceable by law”. A contract therefore‚ is an agreement the object of which is to create a legal obligation i.e.‚ a duty enforceable by law. From the above definition‚ we find that a contract essentially consists of two elements: (1) An agreement and (2) Legal obligation i.e.‚ a duty enforceable by law. As per section 2 (e) "Every promise and every set of
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Beswick [1968] AC 58‚ [1967] 2 All ER 1197 - Bradley v. Newsom Sons & Co [1940]3 All ER 60 - Chaplin v. Hicks [1911] 2 KB 786 - Davidson v. Gwynne (1810) 12 East 381 - Dharam Veer v. Union of India AIR 1989 Del 227 - Evans Marshall & Co. Ltd. v. Bertola SA [1973] 1 All ER 992 - Falcke v. Gray (1859) 4 Drew 651 - Freeth v. Burr (1874) LR 9 CP 208 - Frost v. Knight (1872) LR 7 Exch 111 at 114 - Harnam Singh v. Purbi Devi AIR 2000 HP 108 - Heyworth v. Hutchinson [1867] 2 QB 447 - His Holiness Acharya
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and by 1912 every state had appointed a Uniform Law Commissioner. They have drafted over 200 Uniform laws but the most important is the Uniform Commercial Code. UCITA covers contracts in computer information. It applies only if the agreement is to create‚ modify‚ transfer‚ or license computer information. If a contract involves both computer information and something else‚ UCITA applies only to the part of the deal that involves computer information‚ except where the other subject matter is not
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NATIONAL LAW INSTITUTE UNIVERSITY A PROJECT OF CONTRACT-I Government Agreements under Contracts and Constitution SUBMITTED TO :- SUBMITTED BY: DR.(Prof.)MOHD. ISHAQ QURESHI SIDDHARTH SHARMA PROFESSOR 2012BALLB100
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Section 73 in The Indian Contract Act‚ 1872 73. Compensation for loss or damage caused by breach of contract.- When a contract has been broken‚ the party who suffers by such breach is entitled to receive‚ from the party who has broken the contract‚ compensation for any loss or damage caused to him thereby‚ which naturally arose in the usual course of things from such breach‚ or which the parties knew‚ when they made the contract‚ to be likely to result from the breach of it. Such compensation is
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Eucalypus Oil Remedies. Eucalyptus opens the lungs and encourages breathing‚ clears clogged nasal passages and bronchial congestionmaking eucalyptus one of the best known cold remedies.Eucalyptol‚ one of its main constituents‚ is found in many over-the-counter cough drops. Eucalyptus oil is also a good pain reliever for sore muscles and arthritis pain. Remedies The eucalyptus oil is a multipurpose essential oil‚ that can be used as a home remedy for treating congestion and colds. Add 5-10 drops
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claim personal injury damages under an action in tort for negligence. The principle of these damages is restituo in inegrum‚ which is based on the principle restoring the plaintiff to the position they were in before the tort took place (Sharman)1. These damages are presented on a once and for all basis as a lump sum with the date of assessment being that of the date of trial. 1. Economic Loss Economic loss is under Divison 2 of the Civil Liability Act2 (CLA). Under common law this used to be known
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COMMERCIAL CONTRACTS UNDER NIGERIAN LEGISLATION Introduction A contract is an agreement which is legally binding on the parties to it and which if broken may be enforced by action in court against the party that has broken it. A contract may be void or voidable. A void contract is that which lacks the essential ingredients or elements of valid contract and therefore of no legal effect. A voidable contract is that which is valid in the first place but may be ended at the instance of one of the
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