AGREEMENT OF SALE This Agreement of Sale is made and executed on this the 16th Day of March‚ 2013 by and between : Smt. CH. PADMAVATHI‚ W/o. Sri. Srinivasa Rao‚ aged about 51 years‚ Occ: Business‚ R/o. Plot no. 174‚ Road No. 72‚ Prashasan Nagar‚ Jubilee Hills‚ Hyderabad – 500033. (Hereinafter called the VENDOR which term shall mean and include all her legal heirs‚ representatives‚ executors‚ administrators and assignees etc.). INFVOUR OF Sri. MANDALA SRIRAMULU‚ S/o. Late
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A contract is an agreement between two or more parties to perform a service‚ provide a product or commit to an act‚ and is enforceable by law. There are several types of contracts‚ and each have specific terms and conditions. All contracts‚ whether verbal or written‚ must include specific components that will make them legally enforceable in a court of law. If any of the components are missing‚ the courts will consider the contract unenforceable. To be enforceable‚ a contract must be legally valid
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Contract of sale Table of content 1. The seller’s duty to protect 2. The seller’s duty to deliver 3.1 The meaning of delivery 3.2 How delivery occurs 3. The seller’s ability for latent defects 4.3 General principles 4.4 Requirements for liability 4.5 Scope of the seller’s liability 4.6 Waiver at the time of conclusion of the agreement 4.7 Latent defects in repairs 4. The manufacture & dealer’s liability for latent defect 5
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ASPECTS OF BUSINESS 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 also ‘unlawful agreements’ as they are expressly declared void by the Contract Act. It may be recalled that in the case of illegal agreements‚ transactions collateral to them are
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Prenuptial Agreements The Uniform Premarital Agreement Act is a regulation that allows the parties of a premarital contract to choose the states jurisdiction under which their contract will fall. A couple can choose any state in which one of the parties live or plans to live or the state in which the couple will be married. Because this act has not been passed in all states‚ parties to a prenuptial contract are also limited to choosing only the states that have passed the Uniform Premarital Agreement
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An offset agreement is a stipulation made between a foreign supplier and a company which requires the supplier to purchase a certain amount of goods from that country in exchange for a contract. Offset agreements can be direct or indirect‚ depending on what raw materials the country may have. These agreements are often required in order to award a foreign contract to a large company producing valuable goods. A direct offset agreement means that the supplier has agreed to buy something from the
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not overly-concerned with the niceties of offer and acceptance it follows that their contracts may not be all-embracing and complete in every respect. The parties may have reached an agreement in principle and then prefer to rely on experience from previous dealings‚ business practice and goodwill. The law’s overall policy is to uphold bargains wherever possible and although businessmen tend to record their agreements in ‘crude and summary fashion’ the law should not be ‘too astute or subtle in finding
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A contract -is a legal agreement that occurs between two or more parties. It can be a written or spoken agreement that can concern employment‚ sales‚ or tenancy. Parties or members involved‚ enter voluntarily into this agreement. Every contracts involve two persons they are the: Offeror and Offeree. The offeror is the one who offers to enter into a contract and the Offeree is the one to whom the contract is being offered Elements of a contract: Agreement‚ Lawful object‚ consideration and contractual
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This Agreement made on the 20th February‚ 2011 BETWEEN : MAURICE WARD NETWORKS Ltd. Suite 6‚ Wickhams Cay 1‚ PO Box 3085‚ Road Town‚ Tortola‚ British Virgin Islands Represented in the convent by their duly authorized Overseas Agency Director: Robert W Shelton AND : EXPOBANGLA LOGISTICS LTD. Richmond Concord (2nd FL.) 68 Gulshan Avenue‚ Gulshan-1‚ Dhaka‚ Bangladesh Represented in the convent by their duly authorized Director: Lawrence Gomes WHEREAS:
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PAPER – CONTRACT 1 Define contract. Explain the essentials of valid contract. A voluntary‚ deliberate‚ and legally binding agreement between two or more competent parties. Contracts are usually written but may be spoken or implied‚ and generally have to do with employment‚ sale or lease‚ or tenancy. 1. Essentials of a valid contract All agreements are not contracts. Only that agreements which is enforceable at law is a contract. An agreement which is enforceable at law cannot be contract. Thus
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