CONTRACT OF LAW Contract can be defined as ‘an agreement enforceable by law’. In other words‚ a contract is an agreement made between two(2) parties or more which is legally binding between the parties. There are six (6) basic elements in the contract : 1. Offer refers to a proposal that is capable of being converted into an agreement by its acceptance. Section 2(a) of Contract Act 1950 provides that when a person signifies another his willingness to do or to abstain from doing anything‚ with
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The documentary Touching the Void is about two skilled climbers Simon Yates and Joe Simpson‚ the two friends had reached the top of the Siula Grande Mountain which had never been done before. Everything was going fairly smoothly until Joe shatters his leg from falling down an ice cliff. Simon did not know that Joe had fractured his leg and but he did however attempt to lower him down. These efforts were unsuccessful and both Joe and Simon were sliding down the cliff‚ it was clear that if things continued
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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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Limited Head Office‚ Dhaka. THE CONTRACT ACT‚ 1872 Md. Hasan Imam Manager Board Division Introduction: The law of contract is the foundation upon which the superstructure of modern business is built. It is frequent that in business transactions quite often promises are made at one time and the performance follows later. The law of contract is applicable not only in business community‚ but also to others. Everyone of us enters into a number of contracts almost everyday‚ and most of the
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Anti-lock brake system (abs): implementation of anti-lock brake system along with its advantages and limitations. International Journal of Instrumentation‚ Control and Automation (IJICA) ISSN: 2231-1890‚ Vol-1 Iss-3‚4‚ 2012 77 ANTI-LOCK BRAKE SYSTEM (ABS): IMPLEMENTATION OF ANTILOCK BRAKE SYSTEM ALONG WITH ITS ADVANTAGES AND LIMITATIONS. Abhishek Patil Department of Mechanical Engineering‚ Symbiosis Institute of Technology‚Pune‚India. Email:abhishek21.patil@gmail.com Abstract-This paper
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COMPANY PROFILE SABMiller plc REFERENCE CODE: 7CE986FC-C5CB-438E-ACB0-831284101ACF PUBLICATION DATE: 22 Apr 2014 www.marketline.com COPYRIGHT MARKETLINE. THIS CONTENT IS A LICENSED PRODUCT AND IS NOT TO BE PHOTOCOPIED OR DISTRIBUTED. SABMiller plc TABLE OF CONTENTS TABLE OF CONTENTS Company Overview..............................................................................................3 Key Facts............................................................................
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CONTRACTS Stages in the life of a contract: 1. Preparation/Generation 2. Perfection/Birth 3. Consummation/Death Characteristics of Contracts: (ROMA) 1. Relativity (Art. 1311) 2. Obligatoriness & Consensuality (Art. 1315) 3. Mutuality (Art. 1308) 4. Autonomy (Art. 1306) Stipulation pour Autrui - stipulation in favor of a 3rd party. Requisites: 1. The stipulation must be part‚ not whole of the contract; 2. the contracting parties must have clearly and deliberately conferred
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The Mystic Void To create a mystic world in poetry is itself an art par excellence. To welcome and enrich the world of perfect extinction of personality in the form of void as a superior creative excellence is definitely more than mere excellence in the art of poetry. It is the ascent of excellence‚ indeed‚ the ascent of poetry and the poet. Unlike any other mystic poet‚ W. B. Yeats enters into the world of mystic void when he is at his best in sonnets. As a matter of fact‚ the mystic aroma
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History of Contract in India The Third Law commission of British India formed in 1861 under the stewardship of Chairman Sir John Romilly‚ with initial members as Sir Edward Ryan‚ R. Lowe‚ J.M. Macleod‚ Sir W. Erle (succeeded by Sir. W.M. James) and Justice Wills (succeeded by J. Henderson)‚ had presented the report on contract law for India as Draft Contract Law (1866). The Draft Law was enacted as The Act 9 of 1872 on 25th April 1872 and the Indian Contract Act‚ 1872 came into force with effect
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Discussion Points …………………………………………. .…………………………………………………………………………….19 Multiple Choice Questions ……………………………………………………………………………………………………………………19 References…………………………………………………………………………………………………………………………………………….22 Executive Summary Company Overview AB Thorsten is a subsidiary of Roget S.A.‚ one of the largest industrial companies in Belgium. They were acquired in 1972 by Roget and for the following four years sales rose and fell between Skr. 5M and Skr. 7M. Roget had several options; they could
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