ALGAPPA UNIVERSITY KARAIKUDI – 630 003 TAMILNADU DIRECTORATE OF DISTANCE EDUCATION B B A (II YEAR) PAPER 2.4 BUSINESS LAW Paper 2.2 Commercial Law : Business Law Indian Contract Act 1872 : Meaning and essentials of a valid contract Formation of contract – Performance of contract – Termination and discharge of contract – Remedies for breach of contract – Quast contract Special Contracts : Indemnity of guarantee – Bailment – Agency Sale of Goods Act
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Brady Law The Brady Law‚ also known as the Gun Violence Prevention Act of 1994‚ was set up to try and establish a set of national standards to promote the safe use of firearms and to reduce gun violence (GVPA‚ 1994). Included in this are handgun licensing and registration‚ a stronger regulation of licensed manufacturers‚ importers‚ and dealers‚ and laws against the sale of semi-automatic assault weapons and other dangerous weapons (GVPA‚ 1994). Licensing and Registration of handguns is one of the
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Assignment 1 Common Law By: Tita Amalia V. 1. Jonathan and an international business transaction Two parties reach agreement on the terms of the sale of a product from one party to the other. The agreement was written and signed by both parties in the presence of their lawyers. a) Do the parties have a valid and enforceable contract? Before a contract is formed‚ there must be agreement consisting of offer and acceptance‚ intention to form a contract‚ and consideration. Without
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that the EU law is higher than the UK law because when the UK joined the EU on 1 January 1973‚ the UK gave up some sovereignty on making law to the EU. An Example can be seen in the case of Costa v ENEL (1964). In this case the Italian government tried to argue that its courts should follow Italian law as conflicted to community law but the ECJ ruled stating that as joining the EC the members sign and limit their sovereign rights for making law although in limited fields. The EU law also has major
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Common law 1 Common law Common law‚ also known as case law or precedent‚ is law developed by judges through decisions of courts and similar tribunals rather than through legislative statutes or executive branch action. A "common law system" is a legal system that gives great precedential weight to common law‚[1] on the principle that it is unfair to treat similar facts differently on different occasions.[2] The body of precedent is called "common law" and it binds future decisions. In cases
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CHAPTER 5 GASES AND THE KINETICMOLECULAR THEORY 5.1 Plan: Review the behavior of the gas phase vs. the liquid phase. Solution: a) The volume of the liquid remains constant‚ but the volume of the gas increases to the volume of the larger container. b) The volume of the container holding the gas sample increases when heated‚ but the volume of the container holding the liquid sample remains essentially constant when heated. c) The volume of the liquid remains essentially constant‚ but the volume of
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Question 1a Not all agreement is a legally enforceable contract‚ only certain time of agreement with co-hold to the rule of law of contract will become enforceable and such criteria have to be satisfied. A contract to be legally binding or enforceable must include 4 essential elements as follow: 1) The relevant legal capacity to enter into a contract is the first element despite that there are other 3 existing elements; this is in relation to age and mental condition of the relevant contracting
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Was this ordinary income? • The employee could not sublet the accommodation to anyone else‚ therefore could not turn this accommodation into cash. • The Court said it was not ordinary income under s. 25(1) (now s.6-5) since the accommodation was not convertible into money. • Not ordinary income under s.6-5. FCT v Cooke & Sherden. (money or convertible into money) Soft drink retailers were given holidays by wholesalers/manufacturers for selling a certain number of soft drinks. Was this ordinary
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Sociology of Law Prelim #2 Review Policing and Arrest Cop in the Hood- Moskos Police discretion Factors include: Time of shift Paperwork/processing Age of officer Suspect characteristics Political concerns Police culture Law on the Books v. Law in Action Legal entities as social institutions Legal actors as social actors Profiles in Justice? – Heumann Racial disparities in policing Driving while black Disparities in stops caused by profiling‚ bias etc. Criminal Process
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A contract can be defined as an agreement containing promises made between two or more parties with the intention of creating certain legal rights and obligations and enforceable in a court of law (Gibson & Fraser‚ 2012‚ Business Law‚ p303). A contract must be satisfied certain legal requirements which are agreements‚ intention to create legal relations‚ considerations and capacity. Agreement = Offer + Acceptance Therefore‚ here apply the rule
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