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Business law

Wednesday, 10 October 2012. Section 68 to 72 of the Contract Act deals with 5 different kinds of Quasi Contracts explained below:. 1 Supply of Necessaries to Incapable Person. If a person incapable of entering into a contract, or anyone whom he is legally bound to support, is supplied by another person with necessaries, suited to his condition in life, the person who has furnished such supplies is entitled to be reimbursed from the property of such incapable person. 2 P ayment by Interested Person. Where...

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Business law | shivamlawworld.blogspot.com Reviews
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Wednesday, 10 October 2012. Section 68 to 72 of the Contract Act deals with 5 different kinds of Quasi Contracts explained below:. 1 Supply of Necessaries to Incapable Person. If a person incapable of entering into a contract, or anyone whom he is legally bound to support, is supplied by another person with necessaries, suited to his condition in life, the person who has furnished such supplies is entitled to be reimbursed from the property of such incapable person. 2 P ayment by Interested Person. Where...
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Business law | shivamlawworld.blogspot.com Reviews

https://shivamlawworld.blogspot.com

Wednesday, 10 October 2012. Section 68 to 72 of the Contract Act deals with 5 different kinds of Quasi Contracts explained below:. 1 Supply of Necessaries to Incapable Person. If a person incapable of entering into a contract, or anyone whom he is legally bound to support, is supplied by another person with necessaries, suited to his condition in life, the person who has furnished such supplies is entitled to be reimbursed from the property of such incapable person. 2 P ayment by Interested Person. Where...

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shivamlawworld.blogspot.com shivamlawworld.blogspot.com
1

Business law: ESSENTIAL ELEMENTS OF A VALID CONTRACT

http://www.shivamlawworld.blogspot.com/2012/02/essential-elements-of-valid-contract.html

Sunday, 19 February 2012. ESSENTIAL ELEMENTS 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, the term agreement is more wider in scope than contract. All Contracts are agreements but all agreements are not contracts. The following are the essential elements of a valid contract :. 2 Intention to Create Legal Relationship. Case :- Balfour vs. Balfour(1919). Consent' mean...

2

Business law: IMPORTANCE OF CONSIDERATION

http://www.shivamlawworld.blogspot.com/2012/03/importance-of-consideration.html

Friday, 9 March 2012. Consideration is the foundation of ever contract. The law insists on the existence of consideration if a promise is to be enforced as creating legal obligations. A promise without consideration is null and void. It is called a naked promise or " Nudum Pactum. Thus if A promise to pay B Rs. 1000 without anything in return, this constitute a bare promise and gives no right of action. 31 October 2013 at 03:28. 18 November 2015 at 04:24. This comment has been removed by the author.

3

Business law: CAPACITY OF PARTIES

http://www.shivamlawworld.blogspot.com/2012/03/capacity-of-parties.html

Sunday, 11 March 2012. For a valid contract, the parties to a contract must have capacity i.e. competence to enter into a contract. Every person is presumed to have capacity to contract but there are certain persons whose age, condition or status renders them incapable of binding themselves by a contract. Incapacity must be proved by the party claiming the benefit of it and until proved the ordinary presumptions remains. It follow that the following person are incompetent to contract. A) A person w.

4

Business law: NO CONSIDERATION NO CONTRACT-EXCEPTIONS

http://www.shivamlawworld.blogspot.com/2012/03/no-consideration-no-contract-exceptions.html

Saturday, 10 March 2012. NO CONSIDERATION NO CONTRACT-EXCEPTIONS. Every agreement to be enforceable at law must be supported by valid consideration. An agreement made without consideration is void and is unenforceable except in certain cases. Section 25 specifies the cases where an agreement though made without consideration will be valid. These are as follow:. 1 Natural love and affection [Sec. 25(1)]. A) it is expressed in writing;. Registered under the law for the time being in force;. D) the promisor...

5

Business law: EFFECTS OF MISTAKE

http://www.shivamlawworld.blogspot.com/2012/10/effects-of-mistake.html

Wednesday, 10 October 2012. If there is a mistake, the agreement is void. But as the mistake is subsequently discovered it is called discovered to be void. When an agreement is discovered to be void then any party who has received any benefit from the other party shall restore it to him or make compensation for it. 11 February 2015 at 18:40. Thk u very much. Its usefull for me to prepare for my xams. 26 September 2016 at 03:47. I feel happiness to read the content that you are posting. 1   &#16...ESSENTI...

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Wednesday, 10 October 2012. Section 68 to 72 of the Contract Act deals with 5 different kinds of Quasi Contracts explained below:. 1 Supply of Necessaries to Incapable Person. If a person incapable of entering into a contract, or anyone whom he is legally bound to support, is supplied by another person with necessaries, suited to his condition in life, the person who has furnished such supplies is entitled to be reimbursed from the property of such incapable person. 2 P ayment by Interested Person. Where...

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