chapter – 2 Introduction The Law relating to this statute was contained in the Chapter VII of the Indian Contract Act‚ 1872. Subsequently‚ it was separated with the Indian Sale of Goods Bill‚ which received its assent on 15th‚ March 1930. It came into force on the 1st of July‚ 1930 as the Indian Sale of Goods Act‚ 1930. In due course‚ the word “Indian” was omitted by the Indian Sale of Goods (Amendment) Act‚ 1963 (33 of 1965) and it became “The Sale of Goods Act‚ 1930”. This Act lays
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SWOT Analysis - Agency and Employment Law The CEO recognizes that it is incumbent upon the organization to continually monitor its internal operations to ensure best practices are being followed. To monitor the organization’s current standings‚ I have prepared a SWOT (Strengths‚ Weaknesses‚ Opportunities‚ Threats) Analysis so that we can see the how the internal operations is effective. In this report you will see many areas that were analyzed such as the relationship between the principal and
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.............................................................................................. 5 4.4 Sufficiency of Consideration ................................................................................................... 6 4.5 Promisory Estoppel .................................................................................................................. 7 4.6 Social Agreements and Business Agreements ...................................................................... 7 4.7 Privity
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1.0 INTRODUCTION ‘Legally binding contract’ is a common legal phrase which indicates that an agreement has been consciously made‚ and certain actions are now either required or prohibited. The meaning of the phrase therefore is that the contract is able to be enforced by the law. For example‚ a lease for an apartment is legally binding‚ because by signing the document‚ the lessor and the lessee are agreeing to a number of conditions. The lessor typically agrees to provide the apartment in a certain
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Sample Test Questions‚ Final Exam‚ Fall 2003‚ Professor Isler True/False Indicate whether the sentence or statement is true or false. ____ 1. When an obvious clerical error exists in a written contract‚ the contract may not be enforceable. ____ 2. If the subject matter of a contract turns out to be more valuable than one of the parties believed it would be‚ that party can rescind the contract. ____ 3. A fraudulent contract may be enforced by the innocent party. ____ 4. An act of concealment
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Contracts Essay One – Module 8 Does Peter have an enforceable contract against Don? Enforceable contract Peter v. Don. Peter will have an enforceable contract with Don if he can show that all the required elements of a contract are present. If there is a contract between the two then it will be governed by the common law requirements of an enforceable contract instead of the Uniformed Commercial Code‚ which would be used if their agreement had involved the sale of goods. In order for a contract
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Week 4 Tutorial - Types of Business Associations Partnership Complexity The process of establishing a partnership is informal and inexpensive. Commonly established under a written contract but at times can be established simply without any express oral or written consent‚ so long as it satisfies the definition outlined in section 1.1 of the partnership act: “Partnership is the relation which exists between persons carrying on a business in common with a view of profit” Advantage(A) Enjoys
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INTRODUCTION We enter into contracts day after day. Taking a seat in a bus amounts to entering into a contract. When you put a coin in the slot of a weighing machine‚ you have entered into a contract. You go to a restaurant and take snacks; you have entered into a contract. In such cases‚ we do not even realize that we are making a contract. In the case of people engaged in trade‚ commerce and industry‚ they carry on business by entering into contracts. The law relating to contracts is to be found
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SUPPLEMENTARY MATERIALS FOR COMMERCIAL LAW COMPILED BY ELLEN MCINTOSH HOW TO PREPARE A CASE BRIEF Preparing a Case Brief for each of the cases on your course outline will enhance your understanding of the key elements in the case and will ensure that you are properly and completely prepare for class. Start by reading the case over quickly to gain a cursory understanding of it and then go back and look for the 5 key elements in every case. These 5 key elements are the
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Equitable remedies seek to prevent or redress harm caused by the breach of equitable and legal principles. Unlike the common law remedy of damages‚ they are not punitive in either nature or intent. Equitable remedies refer to specific types of remedies available in court cases that can only be granted by a judge. A judge will grant‚ or not grant‚ a given equitable remedy based on the circumstances of a particular case. As such‚ equitable remedies are different from legal remedies or remedies granted
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