1. INDIAN C0NTRACT ACT 1872 Introduction: We enter into contracts day after day. The Law of Contract is comboided in the Indian Contract Act‚ 1872. The contract act incorporates many features of English Law. What is a Contract ? Section 2(h) of the Indian Contract Act 1872 defines a as an agreement enforceable by law. Section 2(e) defines agreement as “every set of promises forming consideration for each other. Section 2 defines promises in these words ‚ when the person to whom the proposal
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Essential elements of a valid contract Introduction: In this part of my assignment I will be detailing what the different elements of a valid contract are whilst also linking it in with my own contract. The contract I have decided to use is my mobile phone contract from Vodafone. The offer: In contract law the offer is where a person will accept the invitation‚ for example in my contract the offer would be when I offer to bind into their contract and purchase a mobile phone deal‚ and this
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ESSEX INTERNATIONAL COLLEGE Programme: Unit Number: Unit Title: Unit Code: Credit Value: QCF Level: BTEC Higher National Diploma (HND) in Business 05 Aspects of Contract and Negligence for Business Y/601/0563 15 4 Writer of the brief: Internal Verifier name: Mr Alfred Dr. Keith Learning outcomes and criteria covered by this assignment: All pass criteria All merit descriptors All distinction descriptors Key dates: Assignment distribution date to learners: Assignment/Portfolio
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Contracts‚ Torts and Product Liability Name Institution Chapters 6 and 7 of John McAdams book are on contracts‚ business torts‚ and product liability respectively. In order to understand these chapters fully‚ I will provide an appropriate case and the court’s ruling due to the influence of factors discussed in these two chapters. Before I discuss this case‚ an introduction on the keywords in these chapters in relation to business law is necessary. A contract is a binding legal
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Keynes Unit 5 :- Aspects of Contract and Negligence for business Be able to apply the elements of a contract in business situations John Messenger Transitionscoachingservices.co.uk Amandeep Singh Date:-30/11/12 Table of content :- * Apply the elements of contract in given business scenario . * Application of relevant principles and case law to business scenario. * Apply the law on terms in different contracts . * Contents of standard
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Case: 1. Under the contract act‚ 1872‚ advise Rashid whether he is entitled to the profit made on the local sale of 100 tons of sugar. According to act 1872‚ Rashid is entitled to the profit made on the local sale of 100 tons of sugar because Ali is the manager of Rashid’s business and he is making deal with dsl on the behalf of Rashid. As Ali is the agent of Rashid and According to agent theory “agent cannot make a secrete profit”. Q 2: What are the essentials of valid contract? Explain each one
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Void and Voidable Contract 17/11/2013 INTRODUCTION A contract is an agreement with specific terms between two or more persons or entities in which there is a promise to do something in return for a valuable benefit known as consideration. It is a voluntary‚ deliberate and legally binding agreement which becomes legally valid if meeting of minds exists between the contracting parties and establishment of a legal relation/obligation between the parties for a legal consideration and
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General Intro to Law Essay Outline Summary of the Case: -The Roffey brothers agreed to a contract with Shepherds Bush Housing Association stating they were going to renovate 27 flats in Twynholm Mansions in London. -The Roffey brothers subcontracted the carpentry to Lester Williams for £20‚000 which included a payment plan. -Part of the job was done. £16‚200 was paid. -Lester Williams ran into financial difficulty. The price was too low. -Now the Roffey Brothers were in trouble because
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Hartly & The Auto Dealer What do you think about this situation? Should parties to a sales contract be able to rescind a contract because of mutual mistake of fact? Why or why not? Did either party act unethically in this case? Why or why not? What application does the UCC have here? Finally‚ in the overall context of contract law‚ are there any winners or losers when a contract is rescinded based on mutual mistake of fact? Why or why not? In my studies of the case‚ I read about
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Construction Contracts 1. Name and briefly describe each of the two basic types of competitively bid construction contracts. Which type would be most likely used for building the piers to support a large suspension bridge. Why? Two basic types of competitively bid construction contracts are lump-sum and the unit-price contract. The lump-sum contract is when the contractor agrees to complete all work for a pre-determined price including profit and the contract. The unit-price contract is when the
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