A PRAPOSAL WHEN ACCEPTED BECOMES A PROMISE
A PROMISE ( OR A SET OF PROMISES) WITH CONSIDERATION IS AN AGREEMENT
AN AGREEMENT ENFORCEABLE BY A LAW IS A CONTRACT
THIS DOCUMENT IS THE OWN WORK OF A STUDENT WHO STUDIES AT PRESIDENCY UNIVERSITY BANGALORE IN 2ND SEMESTER.
THE DOCUMENT MAINLY DESCRIBE THE TRESPASS TO PERSON UNDER LAW OF TORTS.
Commercial law, also known as business law or corporate law, is the body of law that applies to the rights, relations, and conduct of persons and businesses engaged in commerce, merchandising, trade, and sales.[1] It is often considered to be a branch of civil law and deals with issues of both private law and public law.
Commercial law includes within its compass such titles as principal and agent; carriage by land and sea; merchant shipping; guarantee; marine, fire, life, and accident insurance; bills of exchange, negotiable instruments, contracts and partnership.[2] It can also be understood to regulate corporate contracts, hiring practices, and the manufacture and sales of consumer goods. Many countries have adopted civil codes that contain comprehensive statements of their commercial law.In the United States, commercial law is the province of both the United States Congress, under its power to regulate interstate commerce, and the states, under their police power. Efforts have been made to create a unified body of commercial law in the United States; the most successful of these attempts has resulted in the general adoption of the Uniform Commercial Code, which has been adopted in all 50 states (with some modification by state legislatures), the District of Columbia, and the U.S. territories.
THIS DOCUMENT IS THE OWN WORK OF A STUDENT WHO STUDIES AT PRESIDENCY UNIVERSITY BANGALORE IN 2ND SEMESTER.
THE DOCUMENT MAINLY DESCRIBE THE TRESPASS TO PERSON UNDER LAW OF TORTS.
Commercial law, also known as business law or corporate law, is the body of law that applies to the rights, relations, and conduct of persons and businesses engaged in commerce, merchandising, trade, and sales.[1] It is often considered to be a branch of civil law and deals with issues of both private law and public law.
Commercial law includes within its compass such titles as principal and agent; carriage by land and sea; merchant shipping; guarantee; marine, fire, life, and accident insurance; bills of exchange, negotiable instruments, contracts and partnership.[2] It can also be understood to regulate corporate contracts, hiring practices, and the manufacture and sales of consumer goods. Many countries have adopted civil codes that contain comprehensive statements of their commercial law.In the United States, commercial law is the province of both the United States Congress, under its power to regulate interstate commerce, and the states, under their police power. Efforts have been made to create a unified body of commercial law in the United States; the most successful of these attempts has resulted in the general adoption of the Uniform Commercial Code, which has been adopted in all 50 states (with some modification by state legislatures), the District of Columbia, and the U.S. territories.
It is common knowledge that contracts are heart and soul of any business activity. A full proof contract requires vast knowledge of the business world, a thorough understanding of drafting knowledge. Commercial contracts form the backbone of many commercial transactions from vendor agreements to client engagement agreements.
AIS 2102 Introduction to Law of ContractPreeti Sikder
Learning Outcome: After completion of this lesson students will be able to-
a) Define contract
b) Classify contracts
c) Identify the legal source in determining contractual relationship
d) Determine the capacity of parties to enter into a contract
e) Identify the elements of a contract
Contract Agreement, Sales agreement, moveable and non movable goodsKing144217
This is my 4rth Presentation which I had given in my class the topic is " Contract Agreement, Sales agreement, moveable and non movable goods) #definepedia #legal #educational
11262014 The Legal Environment of Business, Ch. 6 - Learning.docxhyacinthshackley2629
11/26/2014 The Legal Environment of Business, Ch. 6 - Learning Activity - Week3 - LAW/421 - eCampus
https://newclassroom3.phoenix.edu/Classroom/ToolContainer.jsp?context=co&contextId=OSIRIS:44425562&activityId=96f01290-3b42-490d-be28-e6f95540138d… 1/24
Overview and Formation of Contracts
Learning Outcomes Checklist
After studying this chapter, students who have mastered the material will be able to:
Distinguish between contracts based on categories and apply the correct source of law to specific contracts.
Explain the concept of mutual assent by defining the legal requirement of agreement.
Identify and explain the other requirements for the formation of a valid contract.
List the events that terminate the power of acceptance and distinguish between termination through action of the parties versus
operation of law.
Apply the mailbox rule to resolve a question of when acceptance is effective.
Articulate the legal requirement of consideration and identify which contracts do not require consideration.
Give examples of circumstances where the legal requirements of capacity or legality are at issue.
Explain the concept of enforceability and geniune assent.
Categorize what contracts must be in writing to be enforceable and explain the minimum required terms that satisfy the law.
The law of contracts is one of the most common and important areas of the law that business owners and managers deal with on a dayto
day basis. Everyone working in a business environment will, in one form or another, deal with contracts throughout their career.
Employment contracts, leases, and agreements of sale for assets or land or merchandise are just a few examples of contracts commonly
used in business transactions. The simple act of purchasing office supplies from a local merchant is a form of agreement governed by
contract law.
Formation and legal enforcement of agreements have been recognized since ancient times. As early as 1780 BC, contracts were being
enforced by the Babylonians by virtue of the authority of the Code of Hammurabi. During much of the rule of the Roman Empire, the
Justinian Code included the rule pacta sunt servanda (agreements shall be kept). Many legal scholars, notably Dean Roscoe Pound, have
written extensively on the importance of society recognizing legally enforceable promises and providing remedies for those who suffered
losses. Consider the consequences of failing to provide for legal enforceability of a promise and its impact on the very fabric of civilized
societies.
Since business owners and managers are often involved in daytoday oversight of various agreements and transactions, understanding
contract law reduces risk by limiting liability through the recognition of potential legal issues, crafting an appropriate response, and
implementing a system to ensure compliance. Contract law is also essential to structuring business transactions in strategic ways to
achieve business objectives without excessive risk.
In this.
Disaster management is more than just response and relief.
It is a systematic process i.e., is based on the key management principles of planning, organizing and leading which includes coordinating and controlling.
This aims to reduce the negative impact or consequences of adverse events i.e., disasters cannot always be prevented, but the adverse effect can be minimized
It is common knowledge that contracts are heart and soul of any business activity. A full proof contract requires vast knowledge of the business world, a thorough understanding of drafting knowledge. Commercial contracts form the backbone of many commercial transactions from vendor agreements to client engagement agreements.
AIS 2102 Introduction to Law of ContractPreeti Sikder
Learning Outcome: After completion of this lesson students will be able to-
a) Define contract
b) Classify contracts
c) Identify the legal source in determining contractual relationship
d) Determine the capacity of parties to enter into a contract
e) Identify the elements of a contract
Contract Agreement, Sales agreement, moveable and non movable goodsKing144217
This is my 4rth Presentation which I had given in my class the topic is " Contract Agreement, Sales agreement, moveable and non movable goods) #definepedia #legal #educational
11262014 The Legal Environment of Business, Ch. 6 - Learning.docxhyacinthshackley2629
11/26/2014 The Legal Environment of Business, Ch. 6 - Learning Activity - Week3 - LAW/421 - eCampus
https://newclassroom3.phoenix.edu/Classroom/ToolContainer.jsp?context=co&contextId=OSIRIS:44425562&activityId=96f01290-3b42-490d-be28-e6f95540138d… 1/24
Overview and Formation of Contracts
Learning Outcomes Checklist
After studying this chapter, students who have mastered the material will be able to:
Distinguish between contracts based on categories and apply the correct source of law to specific contracts.
Explain the concept of mutual assent by defining the legal requirement of agreement.
Identify and explain the other requirements for the formation of a valid contract.
List the events that terminate the power of acceptance and distinguish between termination through action of the parties versus
operation of law.
Apply the mailbox rule to resolve a question of when acceptance is effective.
Articulate the legal requirement of consideration and identify which contracts do not require consideration.
Give examples of circumstances where the legal requirements of capacity or legality are at issue.
Explain the concept of enforceability and geniune assent.
Categorize what contracts must be in writing to be enforceable and explain the minimum required terms that satisfy the law.
The law of contracts is one of the most common and important areas of the law that business owners and managers deal with on a dayto
day basis. Everyone working in a business environment will, in one form or another, deal with contracts throughout their career.
Employment contracts, leases, and agreements of sale for assets or land or merchandise are just a few examples of contracts commonly
used in business transactions. The simple act of purchasing office supplies from a local merchant is a form of agreement governed by
contract law.
Formation and legal enforcement of agreements have been recognized since ancient times. As early as 1780 BC, contracts were being
enforced by the Babylonians by virtue of the authority of the Code of Hammurabi. During much of the rule of the Roman Empire, the
Justinian Code included the rule pacta sunt servanda (agreements shall be kept). Many legal scholars, notably Dean Roscoe Pound, have
written extensively on the importance of society recognizing legally enforceable promises and providing remedies for those who suffered
losses. Consider the consequences of failing to provide for legal enforceability of a promise and its impact on the very fabric of civilized
societies.
Since business owners and managers are often involved in daytoday oversight of various agreements and transactions, understanding
contract law reduces risk by limiting liability through the recognition of potential legal issues, crafting an appropriate response, and
implementing a system to ensure compliance. Contract law is also essential to structuring business transactions in strategic ways to
achieve business objectives without excessive risk.
In this.
Disaster management is more than just response and relief.
It is a systematic process i.e., is based on the key management principles of planning, organizing and leading which includes coordinating and controlling.
This aims to reduce the negative impact or consequences of adverse events i.e., disasters cannot always be prevented, but the adverse effect can be minimized
In order to have smooth vehicle movements on the roads, the changes in the gradient should be smoothened out by the vertical curves.
The vertical alignment is the elevation or profile of the centre line of the road. The vertical alignment consists of grades and vertical curves.
Alignment: The position or the layout of the central line of the highway on the ground is called the alignment.
Highway Alignment includes both
a) Horizontal alignment includes straight and curved paths, the deviations and horizontal curves.
b) Vertical alignment includes changes in level, gradients and vertical curves.
Friction Considerations : The friction of skid resistance between vehicle tyre and pavement surface is one of the factors determining the operating speed and the minimum distance requires for stopping of vehicles.
Unevenness : The longitudinal profile of the road pavement has to be even' in order to provide a good riding comfort to fast moving vehicles
Light Reflecting Characteristics : Night visibility depends upon the colour and light reflecting characteristics of the pavement surface. The glare caused by the reflection of head lights is considerably high on wet pavement surface than on the dry pavement.
Drainage of Surface Water
Often changes in the direction are necessitated in highway alignment due to various reasons such as topographic considerations, obligatory points.
The geometric design elements pertaining to horizontal alignment of highway should consider safe and comfortable movement of vehicles at the given design speed of the highway.
It is therefore necessary to avoid sudden changes in direction with sharp curves or reverse curves which could not be safely and conveniently negotiated by the vehicles at design speed.
Improper design of horizontal alignment of roads would necessitate speed changes resulting m higher accident rate and increase in vehicle operation cost.
Sight distance is the length of road visible ahead of the driver at any instance.
Sight distance available at any location of the carriageway is the actual distance a driver with his eye level at a specified height above the pavements surface has visibility of any stationary or moving object of specified height which is on the carriageway ahead.
The sight distance between the driver and the object is measured along the road surface.
Valuation is the technique of estimation or determining the fair price or value of property such as building, a factory, other engineering structures of various types, land etc.
By valuation the present value of a property is defined. The present value of property may be decided by its selling price, or income or rent it may fetch.
The value of property depends on its structure, life, maintenance, location, bank interest, etc.
Cost means original cost of construction of purchase.
.
It is an invitation from the owner to the contractor to execute some work at specified cost in specified time.
It is published in the form of tender notice in news papers, notice boards, gussets, etc. According to the cost of works.
“Bid” is increasingly being used by the bidder (the supply side) and the term “tender” used on the procurement side (the buyer).
Bid – an approach to a client in order to gain significant new or repeat business.
Internship Report Construction Site and Office WorkAkshathaBhandary
Absolutely good the reason behind this performance was I integrate with all workers within a short time and get involved in different site works to gain more knowledge about the working environment in the site and improve myself with more site works
and office work. Since the site work is very repetitive I have been working in different section to get involved and pass through different peace of works. Especially the work tasks I have been performing in the office work were very impressive because I didn‘t have any knowledge about the quantity works, cost and report writing etc. In general in the last four month I perform all my duties nicely and get knowledge of the practical world and relate it with the theory I have learnt in the class in the last three years. Also I transform myself to another level of skill, ethics, knowledge and leadership using this internship class and I perform it well.
Trenchless Technology is the the science science of installing, repairing and renewing underground pipes, ducts and cables using techniques which minimize or eliminate the need for excavation.
It is basically basically making a tunnel below the surface and installing service lines like water or gas pipes, pipes, electric or tele communication cables etc.,with out any disruption to the public .
June 3, 2024 Anti-Semitism Letter Sent to MIT President Kornbluth and MIT Cor...Levi Shapiro
Letter from the Congress of the United States regarding Anti-Semitism sent June 3rd to MIT President Sally Kornbluth, MIT Corp Chair, Mark Gorenberg
Dear Dr. Kornbluth and Mr. Gorenberg,
The US House of Representatives is deeply concerned by ongoing and pervasive acts of antisemitic
harassment and intimidation at the Massachusetts Institute of Technology (MIT). Failing to act decisively to ensure a safe learning environment for all students would be a grave dereliction of your responsibilities as President of MIT and Chair of the MIT Corporation.
This Congress will not stand idly by and allow an environment hostile to Jewish students to persist. The House believes that your institution is in violation of Title VI of the Civil Rights Act, and the inability or
unwillingness to rectify this violation through action requires accountability.
Postsecondary education is a unique opportunity for students to learn and have their ideas and beliefs challenged. However, universities receiving hundreds of millions of federal funds annually have denied
students that opportunity and have been hijacked to become venues for the promotion of terrorism, antisemitic harassment and intimidation, unlawful encampments, and in some cases, assaults and riots.
The House of Representatives will not countenance the use of federal funds to indoctrinate students into hateful, antisemitic, anti-American supporters of terrorism. Investigations into campus antisemitism by the Committee on Education and the Workforce and the Committee on Ways and Means have been expanded into a Congress-wide probe across all relevant jurisdictions to address this national crisis. The undersigned Committees will conduct oversight into the use of federal funds at MIT and its learning environment under authorities granted to each Committee.
• The Committee on Education and the Workforce has been investigating your institution since December 7, 2023. The Committee has broad jurisdiction over postsecondary education, including its compliance with Title VI of the Civil Rights Act, campus safety concerns over disruptions to the learning environment, and the awarding of federal student aid under the Higher Education Act.
• The Committee on Oversight and Accountability is investigating the sources of funding and other support flowing to groups espousing pro-Hamas propaganda and engaged in antisemitic harassment and intimidation of students. The Committee on Oversight and Accountability is the principal oversight committee of the US House of Representatives and has broad authority to investigate “any matter” at “any time” under House Rule X.
• The Committee on Ways and Means has been investigating several universities since November 15, 2023, when the Committee held a hearing entitled From Ivory Towers to Dark Corners: Investigating the Nexus Between Antisemitism, Tax-Exempt Universities, and Terror Financing. The Committee followed the hearing with letters to those institutions on January 10, 202
Macroeconomics- Movie Location
This will be used as part of your Personal Professional Portfolio once graded.
Objective:
Prepare a presentation or a paper using research, basic comparative analysis, data organization and application of economic information. You will make an informed assessment of an economic climate outside of the United States to accomplish an entertainment industry objective.
A Strategic Approach: GenAI in EducationPeter Windle
Artificial Intelligence (AI) technologies such as Generative AI, Image Generators and Large Language Models have had a dramatic impact on teaching, learning and assessment over the past 18 months. The most immediate threat AI posed was to Academic Integrity with Higher Education Institutes (HEIs) focusing their efforts on combating the use of GenAI in assessment. Guidelines were developed for staff and students, policies put in place too. Innovative educators have forged paths in the use of Generative AI for teaching, learning and assessments leading to pockets of transformation springing up across HEIs, often with little or no top-down guidance, support or direction.
This Gasta posits a strategic approach to integrating AI into HEIs to prepare staff, students and the curriculum for an evolving world and workplace. We will highlight the advantages of working with these technologies beyond the realm of teaching, learning and assessment by considering prompt engineering skills, industry impact, curriculum changes, and the need for staff upskilling. In contrast, not engaging strategically with Generative AI poses risks, including falling behind peers, missed opportunities and failing to ensure our graduates remain employable. The rapid evolution of AI technologies necessitates a proactive and strategic approach if we are to remain relevant.
Biological screening of herbal drugs: Introduction and Need for
Phyto-Pharmacological Screening, New Strategies for evaluating
Natural Products, In vitro evaluation techniques for Antioxidants, Antimicrobial and Anticancer drugs. In vivo evaluation techniques
for Anti-inflammatory, Antiulcer, Anticancer, Wound healing, Antidiabetic, Hepatoprotective, Cardio protective, Diuretics and
Antifertility, Toxicity studies as per OECD guidelines
Synthetic Fiber Construction in lab .pptxPavel ( NSTU)
Synthetic fiber production is a fascinating and complex field that blends chemistry, engineering, and environmental science. By understanding these aspects, students can gain a comprehensive view of synthetic fiber production, its impact on society and the environment, and the potential for future innovations. Synthetic fibers play a crucial role in modern society, impacting various aspects of daily life, industry, and the environment. ynthetic fibers are integral to modern life, offering a range of benefits from cost-effectiveness and versatility to innovative applications and performance characteristics. While they pose environmental challenges, ongoing research and development aim to create more sustainable and eco-friendly alternatives. Understanding the importance of synthetic fibers helps in appreciating their role in the economy, industry, and daily life, while also emphasizing the need for sustainable practices and innovation.
Introduction to AI for Nonprofits with Tapp NetworkTechSoup
Dive into the world of AI! Experts Jon Hill and Tareq Monaur will guide you through AI's role in enhancing nonprofit websites and basic marketing strategies, making it easy to understand and apply.
2024.06.01 Introducing a competency framework for languag learning materials ...Sandy Millin
http://sandymillin.wordpress.com/iateflwebinar2024
Published classroom materials form the basis of syllabuses, drive teacher professional development, and have a potentially huge influence on learners, teachers and education systems. All teachers also create their own materials, whether a few sentences on a blackboard, a highly-structured fully-realised online course, or anything in between. Despite this, the knowledge and skills needed to create effective language learning materials are rarely part of teacher training, and are mostly learnt by trial and error.
Knowledge and skills frameworks, generally called competency frameworks, for ELT teachers, trainers and managers have existed for a few years now. However, until I created one for my MA dissertation, there wasn’t one drawing together what we need to know and do to be able to effectively produce language learning materials.
This webinar will introduce you to my framework, highlighting the key competencies I identified from my research. It will also show how anybody involved in language teaching (any language, not just English!), teacher training, managing schools or developing language learning materials can benefit from using the framework.
The Roman Empire A Historical Colossus.pdfkaushalkr1407
The Roman Empire, a vast and enduring power, stands as one of history's most remarkable civilizations, leaving an indelible imprint on the world. It emerged from the Roman Republic, transitioning into an imperial powerhouse under the leadership of Augustus Caesar in 27 BCE. This transformation marked the beginning of an era defined by unprecedented territorial expansion, architectural marvels, and profound cultural influence.
The empire's roots lie in the city of Rome, founded, according to legend, by Romulus in 753 BCE. Over centuries, Rome evolved from a small settlement to a formidable republic, characterized by a complex political system with elected officials and checks on power. However, internal strife, class conflicts, and military ambitions paved the way for the end of the Republic. Julius Caesar’s dictatorship and subsequent assassination in 44 BCE created a power vacuum, leading to a civil war. Octavian, later Augustus, emerged victorious, heralding the Roman Empire’s birth.
Under Augustus, the empire experienced the Pax Romana, a 200-year period of relative peace and stability. Augustus reformed the military, established efficient administrative systems, and initiated grand construction projects. The empire's borders expanded, encompassing territories from Britain to Egypt and from Spain to the Euphrates. Roman legions, renowned for their discipline and engineering prowess, secured and maintained these vast territories, building roads, fortifications, and cities that facilitated control and integration.
The Roman Empire’s society was hierarchical, with a rigid class system. At the top were the patricians, wealthy elites who held significant political power. Below them were the plebeians, free citizens with limited political influence, and the vast numbers of slaves who formed the backbone of the economy. The family unit was central, governed by the paterfamilias, the male head who held absolute authority.
Culturally, the Romans were eclectic, absorbing and adapting elements from the civilizations they encountered, particularly the Greeks. Roman art, literature, and philosophy reflected this synthesis, creating a rich cultural tapestry. Latin, the Roman language, became the lingua franca of the Western world, influencing numerous modern languages.
Roman architecture and engineering achievements were monumental. They perfected the arch, vault, and dome, constructing enduring structures like the Colosseum, Pantheon, and aqueducts. These engineering marvels not only showcased Roman ingenuity but also served practical purposes, from public entertainment to water supply.
Palestine last event orientationfvgnh .pptxRaedMohamed3
An EFL lesson about the current events in Palestine. It is intended to be for intermediate students who wish to increase their listening skills through a short lesson in power point.
How to Make a Field invisible in Odoo 17Celine George
It is possible to hide or invisible some fields in odoo. Commonly using “invisible” attribute in the field definition to invisible the fields. This slide will show how to make a field invisible in odoo 17.
Embracing GenAI - A Strategic ImperativePeter Windle
Artificial Intelligence (AI) technologies such as Generative AI, Image Generators and Large Language Models have had a dramatic impact on teaching, learning and assessment over the past 18 months. The most immediate threat AI posed was to Academic Integrity with Higher Education Institutes (HEIs) focusing their efforts on combating the use of GenAI in assessment. Guidelines were developed for staff and students, policies put in place too. Innovative educators have forged paths in the use of Generative AI for teaching, learning and assessments leading to pockets of transformation springing up across HEIs, often with little or no top-down guidance, support or direction.
This Gasta posits a strategic approach to integrating AI into HEIs to prepare staff, students and the curriculum for an evolving world and workplace. We will highlight the advantages of working with these technologies beyond the realm of teaching, learning and assessment by considering prompt engineering skills, industry impact, curriculum changes, and the need for staff upskilling. In contrast, not engaging strategically with Generative AI poses risks, including falling behind peers, missed opportunities and failing to ensure our graduates remain employable. The rapid evolution of AI technologies necessitates a proactive and strategic approach if we are to remain relevant.
Read| The latest issue of The Challenger is here! We are thrilled to announce that our school paper has qualified for the NATIONAL SCHOOLS PRESS CONFERENCE (NSPC) 2024. Thank you for your unwavering support and trust. Dive into the stories that made us stand out!
1. QUANTITY SURVEYING AND CONTRACT
MANAGEMENT
LECTURE BY:
AKSHATHA B AB E, M.TECH, MISTE.
ASSISTANT PROFESSOR
DEPT. OF CIVIL ENGINEERING
1
Module 5: Unit1: CONTRACT MANAGEMENT
3. A PRAPOSAL WHEN ACCEPTED BECOMES A PROMISE
A PROMISE ( OR A SET OF PROMISES) WITH
CONSIDERATION IS AN AGREEMENT
AN AGREEMENT ENFORCEABLE BY A LAW IS A
CONTRACT
3
5. INTENSION OF PARTIES TO MAKE A CONTRACT, OTHERWISE IT IS
A SOCIAL OBLIGATION OR MUTUAL CONSENT.
PROMISES, WHICH FORM THE CONSIDERATION OR PART OF THE
CONSIDERATION FOR EACH OTHER ARE CALLED RECIPROCAL
PROMISES.
PROMISOR: A PERSON WHO IS MAKING THE PROMISE OR
PROPOSAL (CONTRACTOR)
PROMISEE: A PERSON WHO IS ACCEPTING THE PROMISE OR
PROPOSAL (DEPARTMENT)
6. A CONTACT ESSENTIALLY CONSISTS OF:
AN OFFER BY ONE OF THE PARTIES TO RENDER OR PERFORM THE
SERVICE /OR SERVICES FOR A CONSIDERATION.
ACCEPTANCE BY THE OTHER PARTY TO GET THE SERVICE AND ITS
COMMUNICATION THERE OF.
THUS A CONTRACT IS A SET OF RECIPROCAL PROMISES, WHICH
ARE TO BE FULFILLED FOR A CONSIDERATION
7. BASIC ASSUMPTIONS OF CONTRACT LAW:
A CONTRACT ID BASED ON MUTUAL AGREEMENT OR
CONVERGENCE OF MINDS OF CONTRACTING PARTIES.
CONTRACT ARISES ONLY OUT OF FREE WILL OF THE PARTIES TO
THE CONTRACTAND THE LAW ENFORCES ONLY WHAT THE
PARTIES HAVE BOUND THEMSELVES TO.
LAW CAN NEITHER MAKE A CONTRACT FOR THE PARTIES NOR
UNMAKE ONE, WHICH THE PARTIES HAVE MADE.
PROMISES SHALL BE PERFORMED AND NON PERFORMANCE OF
THE PROMISES WILL GIVE RISE TO LEGAL CONSEQUENCES.
8. WHICH AGREEMENTS ARE CONTRACT?
AN AGREEMENT IS A CONTRACT IF IT FOLLOWS:
1. FREE CONSENT
2. BETWEEN COMPETENT PARTIES
3. FOR LAWFULL CONSIDERATION (Money)
4. FOR LAWFUL OBJECT (Govt. Building, Others Building)
WHAT IS A CONSENT?
WHEN TWO OR MORE PARTIES AGREE, IN THE SAME SENSE,
UPON THE SAME THING.
9. CONSENT IS SAID TO BE FREE WHEN IT IS NOT CAUSED BY
1. COERCION
2. UNDUE INFLUENCE
3. FRAUD
4. MISREPRESENTATION OF FACTS
5. MISTAKE
WHO IS COMPETENT TO CONTRACT?
1. A PERSON WHO IS A MAJOR AS PER LAW
2. WHO IS OF SOUND MIND (mad)
3. WHO IS NOT DISQUALIFIED FROM CONTRACTING BY ANY LAW
TO WHICH HE/SHE IS A SUBJECT.
10. FOR A SUCCESSFUL MANAGENET OF A CONTRACT
ATTITUDE:
1. WORK IS WORSHIP
2. FOLLOW ETHICS IN CONRACT MANAGEMENT
3. EVERY WORK IS A NEW CHALLENGE
TARGET
1. QUALITY AND SPEED SHOULD GO TOGETHER
2. ACHIEVE THE GOALKEEPING IN VIEW CUSTOMER
SATISFACTION
PLANNING
1. IF YOU FAIL TO PLAN, YOU ARE PLANNING TO FAIL.