The document defines a contract of sale as an agreement where the seller transfers ownership of goods to the buyer in exchange for a price. There must be at least two parties (a seller and buyer), the transaction must involve goods, a price must be paid in money, and ownership must be transferred from seller to buyer. A sale involves the immediate transfer of ownership, while an agreement to sell involves future or conditional transfer of ownership.
PPT on "Pledge" for BBA & B.Com 1st year students, CA, CPT, CS & CMA Foundation.
Business Law PPT by Sandeep Sharma.
Meaning with suitable example & explanation.
The slides discuss in detail the concept of Bailment, Pledge, and Hypothecation under the Indian Contract Act, 1878. Useful for Law Students and professionals.
A contractual term is “Any provision forming part of a contract”.
Each term gives rise to a contractual obligation, breach of which can give rise to litigation.
Not all terms are stated expressly and some terms carry less legal gravity as they are peripheral to the objectives of the contract.
In general, parties can only sue for enforcement of valid contractual terms as opposed to representations or mere puffs.
An exemption clause is an agreement in a contract that stipulates that a party is limited or excluded from liability.
There are three types of clauses, these are a ‘limitation clause’; this is where a party is limited from liability.
The other is an ‘exclusion clause’; this is where a party is excluded from liability.
‘Time limitation clause’ states that an action for a claim must be commenced within a certain period of time or the cause of action becomes extinguished.
PPT on "Pledge" for BBA & B.Com 1st year students, CA, CPT, CS & CMA Foundation.
Business Law PPT by Sandeep Sharma.
Meaning with suitable example & explanation.
The slides discuss in detail the concept of Bailment, Pledge, and Hypothecation under the Indian Contract Act, 1878. Useful for Law Students and professionals.
A contractual term is “Any provision forming part of a contract”.
Each term gives rise to a contractual obligation, breach of which can give rise to litigation.
Not all terms are stated expressly and some terms carry less legal gravity as they are peripheral to the objectives of the contract.
In general, parties can only sue for enforcement of valid contractual terms as opposed to representations or mere puffs.
An exemption clause is an agreement in a contract that stipulates that a party is limited or excluded from liability.
There are three types of clauses, these are a ‘limitation clause’; this is where a party is limited from liability.
The other is an ‘exclusion clause’; this is where a party is excluded from liability.
‘Time limitation clause’ states that an action for a claim must be commenced within a certain period of time or the cause of action becomes extinguished.
FEMA 1999: Objects of FEMA, Definition of important terms – authorized dealer, currency, foreign currency, foreign exchange, foreign security, money laundering, Hawala transactions, Directorate of Enforcement, salient features of the FMEA, offences and penalties.
Environment Protection Act 1986: Objects of the Act, definitions of important terms – environment, environment pollutant, environment pollution, hazardous substance and occupier, types of pollution, global warming, causes for ozone layer depletion, carbon trade, rules and powers of central government to protect environment in India.
Patent Act 1970: Meaning, scope of intellectual properties, amendments as per WTO agreements background, objects, definition – inventions, patentee, true and first inventor, procedure for grant of process and product patents, rights to patentee, infringement, remedies, Patent Act 2005.
Payment in due course is the content of the Negotiable Instrument Act. Payment at the right time to parties will help to the expansion of business units
THIS IS THE POWERPOINT PRESENTATION OF THE TOPIC CONDITION AND WARRANTIES. THIS IS PPT BY WHICH YOU CAN EASILY UNDERSTAND THE TOPIC CONDITION AND WARRANTIES OF SALE OF GOODS ACT 1930 AND PLEASE LIKE THE PRESENTATION IF YOU FEEL GOOD AND DOWNLOAD AS MUCH YOU CAN SO THAT I CAN GET MOTIVATE BY THE RESPONSE.
Definition of Consideration, When Consideration or object is unlawful, effects of illegality, Unlawful & illegal agreements.....
It's useful for law students.
FEMA 1999: Objects of FEMA, Definition of important terms – authorized dealer, currency, foreign currency, foreign exchange, foreign security, money laundering, Hawala transactions, Directorate of Enforcement, salient features of the FMEA, offences and penalties.
Environment Protection Act 1986: Objects of the Act, definitions of important terms – environment, environment pollutant, environment pollution, hazardous substance and occupier, types of pollution, global warming, causes for ozone layer depletion, carbon trade, rules and powers of central government to protect environment in India.
Patent Act 1970: Meaning, scope of intellectual properties, amendments as per WTO agreements background, objects, definition – inventions, patentee, true and first inventor, procedure for grant of process and product patents, rights to patentee, infringement, remedies, Patent Act 2005.
Payment in due course is the content of the Negotiable Instrument Act. Payment at the right time to parties will help to the expansion of business units
THIS IS THE POWERPOINT PRESENTATION OF THE TOPIC CONDITION AND WARRANTIES. THIS IS PPT BY WHICH YOU CAN EASILY UNDERSTAND THE TOPIC CONDITION AND WARRANTIES OF SALE OF GOODS ACT 1930 AND PLEASE LIKE THE PRESENTATION IF YOU FEEL GOOD AND DOWNLOAD AS MUCH YOU CAN SO THAT I CAN GET MOTIVATE BY THE RESPONSE.
Definition of Consideration, When Consideration or object is unlawful, effects of illegality, Unlawful & illegal agreements.....
It's useful for law students.
Law 200.9 group project FALL18, North South University
Bente Fatema 1711953630
Anushka Mehzabeen 1711756630
Md.Iftekharul Alam 1712665630
Mrudul Saha 1711627030
Sanzida Sobhan Reeha 1712002630
Shabah Naushin Shupty 1712219630
Amazon Web Services is a subsidiary of Amazon providing on-demand cloud computing platforms and APIs to individuals, companies, and governments, on a metered pay-as-you-go basis
PRECEDENT AS A SOURCE OF LAW (SAIF JAVED).pptxOmGod1
Precedent, or stare decisis, is a cornerstone of common law systems where past judicial decisions guide future cases, ensuring consistency and predictability in the legal system. Binding precedents from higher courts must be followed by lower courts, while persuasive precedents may influence but are not obligatory. This principle promotes fairness and efficiency, allowing for the evolution of the law as higher courts can overrule outdated decisions. Despite criticisms of rigidity and complexity, precedent ensures similar cases are treated alike, balancing stability with flexibility in judicial decision-making.
ALL EYES ON RAFAH BUT WHY Explain more.pdf46adnanshahzad
All eyes on Rafah: But why?. The Rafah border crossing, a crucial point between Egypt and the Gaza Strip, often finds itself at the center of global attention. As we explore the significance of Rafah, we’ll uncover why all eyes are on Rafah and the complexities surrounding this pivotal region.
INTRODUCTION
What makes Rafah so significant that it captures global attention? The phrase ‘All eyes are on Rafah’ resonates not just with those in the region but with people worldwide who recognize its strategic, humanitarian, and political importance. In this guide, we will delve into the factors that make Rafah a focal point for international interest, examining its historical context, humanitarian challenges, and political dimensions.
How to Obtain Permanent Residency in the NetherlandsBridgeWest.eu
You can rely on our assistance if you are ready to apply for permanent residency. Find out more at: https://immigration-netherlands.com/obtain-a-permanent-residence-permit-in-the-netherlands/.
In 2020, the Ministry of Home Affairs established a committee led by Prof. (Dr.) Ranbir Singh, former Vice Chancellor of National Law University (NLU), Delhi. This committee was tasked with reviewing the three codes of criminal law. The primary objective of the committee was to propose comprehensive reforms to the country’s criminal laws in a manner that is both principled and effective.
The committee’s focus was on ensuring the safety and security of individuals, communities, and the nation as a whole. Throughout its deliberations, the committee aimed to uphold constitutional values such as justice, dignity, and the intrinsic value of each individual. Their goal was to recommend amendments to the criminal laws that align with these values and priorities.
Subsequently, in February, the committee successfully submitted its recommendations regarding amendments to the criminal law. These recommendations are intended to serve as a foundation for enhancing the current legal framework, promoting safety and security, and upholding the constitutional principles of justice, dignity, and the inherent worth of every individual.
Military Commissions details LtCol Thomas Jasper as Detailed Defense CounselThomas (Tom) Jasper
Military Commissions Trial Judiciary, Guantanamo Bay, Cuba. Notice of the Chief Defense Counsel's detailing of LtCol Thomas F. Jasper, Jr. USMC, as Detailed Defense Counsel for Abd Al Hadi Al-Iraqi on 6 August 2014 in the case of United States v. Hadi al Iraqi (10026)
ASHWINI KUMAR UPADHYAY v/s Union of India.pptxshweeta209
transfer of the P.I.L filed by lawyer Ashwini Kumar Upadhyay in Delhi High Court to Supreme Court.
on the issue of UNIFORM MARRIAGE AGE of men and women.
RIGHTS OF VICTIM EDITED PRESENTATION(SAIF JAVED).pptxOmGod1
Victims of crime have a range of rights designed to ensure their protection, support, and participation in the justice system. These rights include the right to be treated with dignity and respect, the right to be informed about the progress of their case, and the right to be heard during legal proceedings. Victims are entitled to protection from intimidation and harm, access to support services such as counseling and medical care, and the right to restitution from the offender. Additionally, many jurisdictions provide victims with the right to participate in parole hearings and the right to privacy to protect their personal information from public disclosure. These rights aim to acknowledge the impact of crime on victims and to provide them with the necessary resources and involvement in the judicial process.
1. C L A S S – M B A
CONTRACT OF SALE
S U B J E C T – B U S I N E S S L A W
2. Contract of Sale
Section 4 (1) of the Sale of Goods Act, 1930 defines
the term as a contract of sale of goods is a contract
whereby the seller transfers or agrees to transfer the
property in goods to the buyer for a price.
3.
4. Essentials of Contract of Sale
There must be at least two parties (seller and buyer),
The subject matter of the contract must necessarily be
goods,
A price in money (not in kind) should be paid or promised,
A transfer of property in goods from seller to the buyer
must take place,
All other essential element of a valid contract must be.
5. Characteristics……
Buyer and seller:-The person who buys the goods or makes
an agreement to buy is called the buyer. & the person who
sells the goods or makes an agreement to sell is called the
seller
Goods:- The subject matter of the contract of the sale is
essential the goods are movable property other than the
actionable claim and money
Price:- Goods are always sold for a price
Transfer of ownership:- The transfer of ownership can be at
the time of making the contract or it can be at future date
6. SALE AND AGREEMENT TO SELL
Sale:- Acc. to Section 4(1) of the Sale of Goods Act, 1930 -
“where under a contract of sale the property in the goods is
transferred from the seller to the buyer
Agreement to Sell:- Acc. To section 4(3) of the Sale of
Goods Act,1930where under the contract of sale the
transfer of property in the goods is to take place ata future
time or subject to some condition thereafter to be fulfilled
7. Difference between Sale & Agreement to Sale
BASIS OF DIFF. SALE AGREEMENTTO SELL
Transfer of
Ownership
Ownership of goods is
transfer immediately.
Ownership of goods is not
transfer immediately
Risk follow
Ownership
Ownership and risk phases
by buyer.
Ownership of good not pass to
buyer hence risk also don’t pass.
Type of Contract Executed Contract Executory Contract
Subsequent loss
or destruction
It is the liability and
responsibility of Buyer
It is the liability and
responsibility of seller
Nature Absolute Conditional
Right to sell In hands of Buyer In hands of seller
