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2010 11 pgp1-lab_written report_section b_group 13_18_nov2010

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Anirban Chakraborty
Anirban Chakraborty

LEGAL ASPECTS OF BUSINESS

BusinessTechnology
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Group 13 Narendra Reddy Yaddula Sachin Rane Soumen Sarkar Suman Surendranath Murmu  Rohan Mishra Classification of Contracts & Remedies for Breach of Contract
 
Classification According to Validity ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Voidable Contracts Contd.. ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Classification According to Formation ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Classification according to performance ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Breach of Contracts ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Rescission of the Contract ,[object Object],[object Object],[object Object]
What are Damages ,[object Object],[object Object],[object Object]
Different Kinds of Damages ,[object Object],[object Object],[object Object],[object Object]
Ordinary damages ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Sale and Purchase ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Special Damages ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Exemplary or Vindictive Damages ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Nominal Damages ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Duty To Mitigate Damage Suffered ,[object Object],[object Object],[object Object],[object Object],[object Object]
Illustrations ,[object Object],[object Object],[object Object],[object Object],[object Object]
Liquidated Damages And Penalty ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Cost Of Suit ,[object Object],[object Object],[object Object]
Summary Of The Rules Regarding The Measure Of Damages ,[object Object],[object Object],[object Object],[object Object]
Summary Of The Rules (contd.) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Suit upon Quantum Meruit ,[object Object],[object Object],[object Object]
Quantum Meruit due to default of defendant ,[object Object],[object Object],[object Object],[object Object]
Quantum Meruit due to contract being void ,[object Object],[object Object]
Quantum Meruit : Non gratuitous act leading to benefit ,[object Object],[object Object],[object Object],[object Object]
Quantum Meruit : Claim by guilty party ,[object Object],[object Object],[object Object],[object Object],[object Object]
Suit for Specific Performance ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Suit for Injunction ,[object Object],[object Object],[object Object]
Another Illustration of Suit for Injunction ,[object Object]
[object Object]

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2010 11 pgp1-lab_written report_section b_group 13_18_nov2010

  • 1. Group 13 Narendra Reddy Yaddula Sachin Rane Soumen Sarkar Suman Surendranath Murmu  Rohan Mishra Classification of Contracts & Remedies for Breach of Contract
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Editor's Notes

  1. From previous PPT: The Act defines a contract as “an agreement enforceable by law.” Hence, to become a contract, an agreement must have the following essential elements: 1. Proposal 2. Acceptance 3. Lawful consideration 4. Capacity of parties 5. Free and genuine consent 6. Lawful object 7. Not a contract expressly declared to be void 8. Compliance with legal formalities Void Contract: Ex: Contract between countries at war Contract between drug dealers and buyers Voidable Contract:
  2. Implied Contract Ex: Getting into a bus implies fair will be paid; Eating in a hotel implies bill will be paid Quasi Contract Ex: Tradesman leaves goods at C’s house and C treats the goods as his own, then C is said to be enriched unjustly.