Mailed on 23/12/13 BRIEF DISCUSSION ON CONTRACT ACT- 1872 According to Section 2 (h) of the Indian Contact Act, 1872, "A contract is an agreement enforceable by law”. A contract therefore, is an agreement the object of which is to create a legal obligation i.e., a duty enforceable by law. From the above definition, we find that a contract essentially consists of two elements: (1) An agreement and (2) Legal obligation i.e., a duty enforceable by law. As per section 2 (e) "Every promise
Words: 15180 - Pages: 61
International Trade Law • Customs and usages Law • Decentralization Unification Part IV: Comparison of ITL and In. Business Law (a ) the same origin the commercial usages (b) The different content Part V. Sources of In. Trade Law (a ) International Treaties and Conventions (b) International Trade Usages (c) Domestic Law (d) International Model Law(国际示范法) The Law of Treaties Treaties are binding
Words: 14385 - Pages: 58
H8032-Prelims.QXD 7/1/06 11:08 AM Page i CIMA’S Official Learning System CIMA Certificate in Business Accounting, 2006 Syllabus Certificate Level Fundamentals of Ethics, Corporate Governance and Business law David Sagar Larry Mead Philippa Foster Back H8032-Prelims.QXD 7/1/06 11:08 AM Page ii CIMA Publishing is an imprint of Elsevier Linacre House, Jordan Hill, Oxford OX2 8DP, UK 30 Corporate Drive, Suite 400, Burlington, MA 01803, USA First edition 2006
Words: 249182 - Pages: 997
