The Indian Contract Act‚ 1872 Contract – Meaning and Nature: The law of contract constitute the most important branch of mercantile or commercial law. The law relating to contracts is governed by the Indian Contract Act‚ 1872. This act mostly deals with general principle and rules governing contracts. The act is divisible into 2 parts: 1. Section 1 to 75 – deals with general principle of contract and applies to all contracts irrespective of their nature. 2. Section 124 to 238- deals
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Principles of Contract The law of contracts touches equally upon the lives of ordinary persons and the activities of small and big business. This branch of law deals with law relating to promises‚ their formation‚ performance and enforceability. It is scattered over several legislations. There are special legislations dealing with particular contractual relationships‚ e.g. The Sale of Goods Act‚ 1930‚ The Partnership Act‚ 1932. This paper will include a study of general principles of contracts spelt out
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Chapter 2 : The Indian Contract Act 1872 Definition Sir Frederic Pollock - “Every agreement and promise enforceable at law” According to Sec 2(h) “An agreement enforceable by law Agreement – Every promises and set of promises forming consideration for each other. Essential Elements of Valid Contract Minimum Two Parties – one party has to make an offer and other must accept it. Offer & Acceptance – There must be an offer and acceptance to the offer‚ resulting into an agreement. It should
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no excuse. Introduction to Indian Contract Act Definition of a Contract :- Sec. 2(h) of the Act defines the term contract as "An agreement enforceable by law is a contract”. Flow of the definition :- Contract Agreement Promise Accepted proposal Proposal/offer Contract as defined by Eminent Justists :- 1. “Every agreement and promise enforceable at law is a contract.” – Pollock 2. “A Contract is an agreement between two or more persons
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Section Review 1: 1. What English reformer has been called the “Morning Star of the Reformation?” John Wycliffe 2. Who gave England the first printed English Bible? William Tyndale 3. What kind broke England away from the Roman church? Henry VIII 4. Who was the first explorer in the Modern Age to reach the mainland of North America? John Cabot 5. Name the supposed water passage through North America from the Atlantic to the Pacific. The Northwest Passage 6. Who was the first
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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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Week:2 Ishmael Section 1 (pgs. 1-63 assignment questions) 1.) After reading the ad for the teacher seeking a student‚ we get some insight about why the narrator had his reasons for saving the world. He explains that during the 60s and 70s an era known as a time of "peace and love" he "expected to see that the new era had begun‚ that the sky was a brighter blue and the grass a brighter green. I expected to heat laughter in the air and to see people dancing in the streets‚ and not just kids-everyone
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differences of belief systems in China to create a one of a kind Chinese culture. Documents 2 and 3 support the spread of buddhism in China‚ while documents 4 and 6 examined and dampened the spread of buddhism in china in the 1st century C.E.‚ Documents 1 and 5 share both sides of the story‚ discouragements and encouragements of the spread of Buddhism in China‚ but equally share an understanding. It provides a third prospective. Documents 4 and 6 dismay the Spread of buddhism in china in the 1st
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Contracts II‚ UCTA and SGA ! Is everything in a contract a term?! ! Trader’s puffy - typical exaggerating advert statements.! Representations - a statement of the fault that persuades the other party to enter into the contract. ! The court takes into account four factors in deciding whether a stamens is part of the terms or just presentation. ! 1. The parole rule: written contracts - only the terms included in the written contract document are terms; any verbal statements will be representations
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1 . “The fundamental attribute of corporate personality is that company is a legal entity distinct from the members.”Elucidate the statement .Also specify the important features of a company. 2 . Elaborately explain the essential features of the consumer protection act 1986. Also briefly discuss unfair trade practice and restrictive trade practice as discussed under consumer protection Act? 3 . What are the characteristics of negotiable Instrument? Discuss the ‘privileges’ of holder in
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