NATIONAL LAW SCHOOL OF INDIA UNIVERSITY BANGALORE M.B.L. PART – I CONTRACT LAWS Important Case Laws 1. Balfour v. Balfour [(1919) 2 KB 571] Mr. Balfour promised to send £ 30 every month. Mr. Balfour did not send the money Mrs. Balfour sought to recover the promise money in the court of law. Whether a promise of domestic nature between a husband & wife could be binding? Held that‚ the promise between the parties was not intended by them to be legally binding. Hence‚ Mrs. Balfour could not
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What is the definition of a contract? An agreement between two or more parties for the doing or not doing of something specified. Describe the various types of contracts. 1) Bilateral and Unilateral 2) Express and Implied 3) Executory and Executed What elements does a contract need to be enforceable? 1) Agreement 2) Legality 3) Consideration 4) Capacity What elements would constitute a discharge of a contract? 1) Material breach 2) Minor breach 3) Anticipatory breach
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Law‚ The Multifaced Phenomenon What is law? This is one of those questions that is impossible to give one definite answer to since law is a multifaced phenomenon. Law is an extremely complex subject that could mean different things to various people. There is no single definition that could fit to everyone’s mindset. I believe that law‚ this multifaced phenomenon is everywhere and shows its dissimilar sides to all of us. It surrounds us in every aspect of our lives. Law is there when you drive
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Lecture 8 Law of Contract: Genuine Consent INTRODUCTION Although the contract may have the essentials of a valid offer‚ acceptance‚ legal intentions and consideration‚ its validity or enforceability may be affected by a number of factors. The agreement may be wanting in genuine consent between the parties. That is‚ although the parties may appear to have reached an agreement‚ it may not have been genuinely achieved because of misconduct‚ pressure‚ unfairness‚ or fear by those involved
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CONCEPTS IN THE LAW OF CONTRACTS Contracts are essential to business. They are a legal mechanism used in every industry and every part of the world to structure relationships among firms‚ and with customers‚ partners‚ and suppliers. Over several centuries‚ the law governing contracts has developed a large number of doctrines. Most are consistent with common sense‚ but unless you know what the rules are‚ you can easily make a mistake. This document introduces the fundamentals of contract law most relevant
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discusses the importance of product liability and how the product liability laws evolved from tort laws. The main issues which will be discussed in this paper are as follows: • The different aspects of product liability based on tort laws‚ • The effects of product liability cases on companies • Analyze three international business product liability cases • Provide some advices for Canadian exporters in terms of tort law for product liability. Discussion Undoubtedly‚ product liability is one
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Q. What is a general offer? How is a contract created through general offer? Refer to leading cases. An offer may be made to the world at large. Such an offer is a general offer. However‚ a contract is not done with the whole world but only with the person who comes forward and accepts the offer. The acceptance might be express or implied. As per Anson‚ "An offer need not be made to an asertained person‚ but no contract can arise until it is accepted by an ascertained person". Case of Carllil
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QUASI-CONTRACTS UNDER INDIAN CONTRACT LAW TABLE OF CONTENTS: 1. Introduction 2. Kinds of Quasi-Contracts 3. Basis of Quasi-Contacts 4. Conclusion 5. Bibliography INTRODUCTION: Sections 68 to 72 deals with "certain relations resembling those created by contract" under Indian contract act‚ 1872. It incorporated those obligations which are known as "quasi contracts" under English
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WHAT IS LAW? 20 MAY 2013 What is Law? Three simple letters. A word which very short. But still the whole world failed to find a universally accpetable definition for this word. Through out my life I have heard this short word several times. Around 8 years ago our nation welcomed a system of government called “Democracy.” With this “DEMOCRACY” everyone started talking about the freedom‚ freedom of expression‚ right to inform‚ human rights and many more. I was a little boy at that time who
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possible to capture what law is? It is possible to capture what law is from a standpoint independent of its content by positing a descriptive account of its characteristic features. In response to the limitations of early empirical positivism propounding the command theory‚ the conventional positivists put forth the separability thesis‚ by which law can be described distinct from any morally laden propositions. However‚ the value of such a purely descriptive account of what law is remains fundamentally
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