All agreement are contracts if they are made by the free consent of the parties competent to contract, for a lawful consideration and with a lawful object and are not expressly declared to be void.
Definition of Consideration, When Consideration or object is unlawful, effects of illegality, Unlawful & illegal agreements.....
It's useful for law students.
Sales of goods act 1930 -- An Act to define and amend the law relating to the sale of goods.
WHEREAS it is expedient to define and amend the law relating to the sale of goods
Definition of Consideration, When Consideration or object is unlawful, effects of illegality, Unlawful & illegal agreements.....
It's useful for law students.
Sales of goods act 1930 -- An Act to define and amend the law relating to the sale of goods.
WHEREAS it is expedient to define and amend the law relating to the sale of goods
The new Jack3d Advanced formula is much like the original except for the loss of DMAA and addition of Yohimbe and Norcoclaurine HCl. Yohimbe is a common herb used in many sports supplements as well as male vitality supplements. It’s desired effect is increased endurance through blood pressure modulation and testosterone encouragement. The other ingredient of interest, Norcoclaurine HCl is very new to the industry and little absolute knowledge is documented. This ingredient is believed to be another broncho-dilator as well as circulatory enhancer, reducing thrombosis.
1MR VORTEX is the newest evolution of pre-workouts. Compounded and engineered with three unique new ingredients that have been carefully formulated to enhance and intensify the quality of your workouts.* Leave your old pre-workout behind - No more unproductive time in the gym - Hold on tight and prepare to enter the Vortex!
Fayol explained what amounts to managers work and what principles should be followed in doing this work. If workers efficiency mattered in the factory system , so does the managerial efficiency.
Fayol was the first to identify four functions-Planning , Organizing ,Directing and Controlling.
The 14 principles of management propounded by him were discussed in detail in his book published in 1917 , ‘Administration industrielle et generale’.
How to Split Bills in the Odoo 17 POS ModuleCeline George
Bills have a main role in point of sale procedure. It will help to track sales, handling payments and giving receipts to customers. Bill splitting also has an important role in POS. For example, If some friends come together for dinner and if they want to divide the bill then it is possible by POS bill splitting. This slide will show how to split bills in odoo 17 POS.
Operation “Blue Star” is the only event in the history of Independent India where the state went into war with its own people. Even after about 40 years it is not clear if it was culmination of states anger over people of the region, a political game of power or start of dictatorial chapter in the democratic setup.
The people of Punjab felt alienated from main stream due to denial of their just demands during a long democratic struggle since independence. As it happen all over the word, it led to militant struggle with great loss of lives of military, police and civilian personnel. Killing of Indira Gandhi and massacre of innocent Sikhs in Delhi and other India cities was also associated with this movement.
How to Create Map Views in the Odoo 17 ERPCeline George
The map views are useful for providing a geographical representation of data. They allow users to visualize and analyze the data in a more intuitive manner.
Instructions for Submissions thorugh G- Classroom.pptxJheel Barad
This presentation provides a briefing on how to upload submissions and documents in Google Classroom. It was prepared as part of an orientation for new Sainik School in-service teacher trainees. As a training officer, my goal is to ensure that you are comfortable and proficient with this essential tool for managing assignments and fostering student engagement.
We all have good and bad thoughts from time to time and situation to situation. We are bombarded daily with spiraling thoughts(both negative and positive) creating all-consuming feel , making us difficult to manage with associated suffering. Good thoughts are like our Mob Signal (Positive thought) amidst noise(negative thought) in the atmosphere. Negative thoughts like noise outweigh positive thoughts. These thoughts often create unwanted confusion, trouble, stress and frustration in our mind as well as chaos in our physical world. Negative thoughts are also known as “distorted thinking”.
Model Attribute Check Company Auto PropertyCeline George
In Odoo, the multi-company feature allows you to manage multiple companies within a single Odoo database instance. Each company can have its own configurations while still sharing common resources such as products, customers, and suppliers.
The French Revolution, which began in 1789, was a period of radical social and political upheaval in France. It marked the decline of absolute monarchies, the rise of secular and democratic republics, and the eventual rise of Napoleon Bonaparte. This revolutionary period is crucial in understanding the transition from feudalism to modernity in Europe.
For more information, visit-www.vavaclasses.com
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!
The Art Pastor's Guide to Sabbath | Steve ThomasonSteve Thomason
What is the purpose of the Sabbath Law in the Torah. It is interesting to compare how the context of the law shifts from Exodus to Deuteronomy. Who gets to rest, and why?
The Indian economy is classified into different sectors to simplify the analysis and understanding of economic activities. For Class 10, it's essential to grasp the sectors of the Indian economy, understand their characteristics, and recognize their importance. This guide will provide detailed notes on the Sectors of the Indian Economy Class 10, using specific long-tail keywords to enhance comprehension.
For more information, visit-www.vavaclasses.com
2. Contract is an agreement between two or
more persons which is intendeds to be
enforceable at laws and is constituted by
the acceptance by one party of an offer
made to him by the other party to do or to
abstain from doing some act.
3. All agreement are contracts
if they are made by the free
consent of the parties
competent to contract, for a
lawful consideration and
with a lawful object and are
not expressly declared to
be void.
1. Agreement - Offer &
acceptance
2. Legal purpose
3. Lawful consideration
4. Capacit to contract
5. Consent to contract
6. Lawful object
7. Certainty
8. Possibility of performance
9. Not expressly declared void
10. Legal formalities
4. 1. Agreement - Offer and Acceptance.
In order to create a valid contract, there must be
a 'lawful offer' by one party and 'lawful
acceptance' of the same by the other party.
The adjective lawful means offer and its
acceptance must confirm to the rules laid down in
the Indian contract act regarding valid offer and
acceptance and its communication.
5. 2. Legal purpose
In case, there is no such intention on the part of
parties, there is no contract. Agreements of social
or domestic nature do not contemplate legal
relations.
Case :- Balfour vs. Balfour(1919)
6. 3. Lawful consideration :
Consideration has been defined in various ways.
Consideration is the price for which the promise of
another is brought.
Consideration is known as quid pro-que or
something in return.
Consideration is an essential element in a
contract.
7. 4. Capacity to contract :
The parties to an agreement must be competent
to contract. If either of the parties does not have
the capacity to contract, the contract is not valid.
Accordingly, the following persons are
incompetents to contract.
Minors
Persons of unsound mind, and
Persons disqualified by law to which they are subject.
8. 5. Consent to contract :
Consent means the parties must have agreed upon the same
thing in the same sense.
Accordingly to sec 13 two or more person are said to consent
when they agree upon the same thing in the same sense. This is
called consensus ad idem in English law.
Accordingly to sec 14 consent is said to be free when it is not
caused by
Coercion
Undue influence
Fraud
Miss-representation
Mistake
9. 6. Lawful object :
The object of an agreement must be lawful. Object has nothing to
do with consideration. It means the purpose or design of the
contract.
The object is said to be unlawful if-
It is forbidden by law
It is of such nature that permitted it would defeat the provisions
of any law
It is fraudulent
It involves an injury to the person or property of any other
The court regards it as immoral or opposed to public policy
10. 7. Certainty :
According to Section 29,"Agreement the meaning of
which is not Certain or capable of being made certain
are void.“
For e.g. :
A agree to sell to B a 100 ton of oil, there is nothing to show what kind
of oil intended, the agreement is void due to the absence of certainty.
But if A is dealer of coconut oil only agree to sell B,100 ton of oil, the
nature of A’s trade is sufficient to show the kind of oil, and this will be
a valid contract.
11. 8. Possibility of performance :
Condition for a contract should be capable for
performance .If the act is impossible in itself,
physically or legally, if cannot be enforced at law.
For example:
If A and B makes an agreement that if B encloses a space
with the help of two straight lines then A will pay him Rs.
1000 otherwise B will be liable for paying Rs. 500 to A.
RESULT: This is an impossible work. Two straight lines can
not enclose a space , hence contract is not valid.
12. 9. Not Declared to be void or Illegal.
The agreement though satisfying all the conditions for a
valid contract must not have been expressly declared void
by any law in force in the country.
Agreements mentioned in Section 24 to 30 of the Act have
been expressly declared to be void.
For example -
agreements in restraint of trade, marriage, legal proceedings
etc.
That is : If A is not willing to marry with B, law can not enforce
him/her.
13. 10. Legal Formalities.
An oral Contract is a perfectly valid contract, expect in those
cases where writing, registration etc. is required by some statute.
In India writing is required in cases of sale, mortgage, lease and
gift of immovable property, negotiable instruments; memorandum
and articles of association of a company, etc.
Registration is required in cases of documents coming within the
scope of section 17 of the Registration Act.
All the elements mentioned above must be in order to make a
valid contract. If any one of them is absent the agreement does
not become a contract.