RBI Act 1934 2. Banking Regulation Act 1949 3. Negotiable Instrument Act 1881 4. Indian Contract Act 1872 5. Indian Partnership Act 1932 6. The Companies Act 1956 7. Consumer Protection Act 1986 8. Banking Ombudsman Act 2006 9. Transfer of property Act 1882 10. Foreign Exchange Management Act 1999 11. Indian Stamp Act 1899 12. Code of Civil Procedure 1908 13. Banker’s book Evidence Act 1891 14. Information Technology Act 2000
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[THE INDIAN CONTRACT ACT,1872] December 8, 2010 Important MCQ’s on Contract act Q.1 When the consent to an agreement is obtained by undue influence, the agreement is voidable at the option of 1. either of the parties to the agreement 2. a party whose consent is obtained 3. a party who obtained the consent 4. none of the above Q.2 a Contingent Contract to do or not to do anything on the happening of an uncertain future event 1. is never enforceable 2. is enforceable since the time of making it 3
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the needs of a business man. This include laws relating to insurance, partnerships, contracts, companies, negotiable instruments, arbitration, carriage of goods etc. Mercantile laws in India is taken from the English law. So it follows the English laws to a considerable extent with some modifications and reservations to suite with the Indian conditions and practices. Following are the main source of the Indian mercantile laws: 1. English Mercantile Law: English laws which developed and come
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of e-contract in the market is accomplishing the need for innovativeness in the traditional business segments. Businesses, both existing and new are trying to create an online individuality and an e-contract stand keeping in view the needs of the modern times. E-contract is one of the divisions of e-business. It holds a similar meaning of traditional business wherein goods and services are switched for a particular amount of consideration. The only extra element it has is that the contract here
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Indian Position on the Doctrines of Constructive Notice and Indoor Management Indian courts have shown a certain degree of concern and unwillingness in applying this doctrine to the disadvantage of the third party since the early times. For example in the case of Dehradun Mussourie Electric tramway Co., the issue was that of taking an overdraft by the managing agents without the consent of the board, regardless of the articles of the company prohibiting the directors from delegating the powers to
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Capacity to Contract: The Indian Contract Act vide Section 10 stipulates that the parties to a contract must be competent to contract. Section 11 of the said Act determines persons who are competent to contract. It states "Every person is competent to contract who is of the age of majority according to the law to which he is subject, and who is of sound mind, and is not disqualified from contracting by any law to which he is subject." It can thus be determined that the following persons are
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Judgement: The answering of above questions will get us the answer for the suit. 1. Section 16(c) of the Contract Act provides answer t this problem. It mandates that Person to aver in the plaint and establish the fact by evidence aliunde that he has always been ready and willing to perform his part of the contract. Distinction between “readiness” and “willingness” is that the former refers to financial capacity and the latter to the conduct of the person wanting performance . Person’s readiness
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Essential elements of a Valid Contract by V S Rama Rao on October 3, 2008 Agreements and contracts are two different things. It is important to know first what constitutes a contract and what constitutes an agreement. We will then study which agreements are contracts, their distinction different types of agreements and contracts. Essentials Elements of a Valid Contract: Different sections of the Indian Contract Act lay down the essential elements of the contract. They are as under: 1. Proposal
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LL.B. - SEMESTER 1 (MONSOON) PER WEEK CORE COURSE 101 SUBJECTS Law of Tort including MV Accident And Consumer Protection Laws Criminal Law Paper – I (General Principles of Penal Law) Criminal Law Paper – II (Specific Offences) Law of Contract Special Contract Constitutional History of India Use of Law Journals and Legal Software LECTURES 4 OTHERS 1 TOTAL 5 CREDITS (SEM)29 5 CORE COURSE 102 CORE COURSE 103 CORE COURSE 104 CORE COURSE 105 FOUNDATION 106 F SOFT SKILL 107 K 4
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consignor is the bailor and the consignee is the bailee and according to the Section 161 of the Contract Act the Railways is responsible to the bailor that is the consignor for any loss, deterioration or destruction of the goods. But in this case the bailor has not filed the suit instead the suit has been filed by the consignee. Rules The rules governing this case are: Section 72 of the Indian Railways Act - “The responsibility of a railway administration for the loss, destruction or deterioration
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