Acceptance of Business Law

Acceptance of Business Law

Acceptance of Business Law Acceptance means the consent given by the person to whom a proposal has been presented in the same sense where to do or not to do something. [Section 2(c) of NCA] He must understand the proposal in the sense (unqualified) as it is forwarded by the offeror that means there should […]

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Void Agreement and Voidable Contract

Void Agreement (S. 13) Void = not binding (not enforceable by law) Expressly declared the void contract Agreement in restraint of marriage (other than a minor) Agreement in restraint of trade Exception: -Sale of goodwill -Partners’ agreement -trade combination (between trader and manufacture not to sale goods below certain price is valid) -negative stipulation in […]

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Introduction of Contract Act

Introduction of Contract Act It is the foundation upon which superstructure of modern business is built i.e. it is a basis of business. Every business activity is determined and guided by the agreement of the parties concerned. Law of contract lays down the general rules relating to promises, their formation, performance, and their enforceability. The […]

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Introduction of Business Law

Introduction of Business Law

Business Law Business refers to various economic activities, in which goods and services are supplied in exchange for some payment, usually money. Law refers to set of rules and principles for regulation. Business Law = Set of rules that regulates business activities. Hence we can describe Business Law as an aggregate of all those rules […]

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