Classification of contracts:
Contracts may be classified on different basis i.e. on the basis of formation, on the basis of validity , on the basis of execution of performance etc.,
Classification of contracts:
Contracts may be classified on different basis i.e. on the basis of formation, on the basis of validity , on the basis of execution of performance etc.,
This slide has been made with sole heart and pure explanatory form to make reader understand Novation to Remission clause of Contract, i.e. section 62 to section 63 of the Indian Contract Act, 1872. I hope you find it well. thank you.
Note: The Case study shown here with cliparts were on explanatory form, and only inscribed for facts of the case, for further study of case ease refer the same on authorized websites.
This slide has been made with sole heart and pure explanatory form to make reader understand Novation to Remission clause of Contract, i.e. section 62 to section 63 of the Indian Contract Act, 1872. I hope you find it well. thank you.
Note: The Case study shown here with cliparts were on explanatory form, and only inscribed for facts of the case, for further study of case ease refer the same on authorized websites.
Putting the SPARK into Virtual Training.pptxCynthia Clay
This 60-minute webinar, sponsored by Adobe, was delivered for the Training Mag Network. It explored the five elements of SPARK: Storytelling, Purpose, Action, Relationships, and Kudos. Knowing how to tell a well-structured story is key to building long-term memory. Stating a clear purpose that doesn't take away from the discovery learning process is critical. Ensuring that people move from theory to practical application is imperative. Creating strong social learning is the key to commitment and engagement. Validating and affirming participants' comments is the way to create a positive learning environment.
Attending a job Interview for B1 and B2 Englsih learnersErika906060
It is a sample of an interview for a business english class for pre-intermediate and intermediate english students with emphasis on the speking ability.
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Personal Brand Statement:
As an Army veteran dedicated to lifelong learning, I bring a disciplined, strategic mindset to my pursuits. I am constantly expanding my knowledge to innovate and lead effectively. My journey is driven by a commitment to excellence, and to make a meaningful impact in the world.
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...BBPMedia1
Marvin neemt je in deze presentatie mee in de voordelen van non-endemic advertising op retail media netwerken. Hij brengt ook de uitdagingen in beeld die de markt op dit moment heeft op het gebied van retail media voor niet-leveranciers.
Retail media wordt gezien als het nieuwe advertising-medium en ook mediabureaus richten massaal retail media-afdelingen op. Merken die niet in de betreffende winkel liggen staan ook nog niet in de rij om op de retail media netwerken te adverteren. Marvin belicht de uitdagingen die er zijn om echt aansluiting te vinden op die markt van non-endemic advertising.
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In this comprehensive presentation, we will explore strategies and practical tips for enhancing profitability in small businesses. Tailored to meet the unique challenges faced by small enterprises, this session covers various aspects that directly impact the bottom line. Attendees will learn how to optimize operational efficiency, manage expenses, and increase revenue through innovative marketing and customer engagement techniques.
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Kseniya Leshchenko: Shared development support service model as the way to make small projects with small budgets profitable for the company (UA)
Kyiv PMDay 2024 Summer
Website – www.pmday.org
Youtube – https://www.youtube.com/startuplviv
FB – https://www.facebook.com/pmdayconference
The world of search engine optimization (SEO) is buzzing with discussions after Google confirmed that around 2,500 leaked internal documents related to its Search feature are indeed authentic. The revelation has sparked significant concerns within the SEO community. The leaked documents were initially reported by SEO experts Rand Fishkin and Mike King, igniting widespread analysis and discourse. For More Info:- https://news.arihantwebtech.com/search-disrupted-googles-leaked-documents-rock-the-seo-world/
Enterprise Excellence is Inclusive Excellence.pdfKaiNexus
Enterprise excellence and inclusive excellence are closely linked, and real-world challenges have shown that both are essential to the success of any organization. To achieve enterprise excellence, organizations must focus on improving their operations and processes while creating an inclusive environment that engages everyone. In this interactive session, the facilitator will highlight commonly established business practices and how they limit our ability to engage everyone every day. More importantly, though, participants will likely gain increased awareness of what we can do differently to maximize enterprise excellence through deliberate inclusion.
What is Enterprise Excellence?
Enterprise Excellence is a holistic approach that's aimed at achieving world-class performance across all aspects of the organization.
What might I learn?
A way to engage all in creating Inclusive Excellence. Lessons from the US military and their parallels to the story of Harry Potter. How belt systems and CI teams can destroy inclusive practices. How leadership language invites people to the party. There are three things leaders can do to engage everyone every day: maximizing psychological safety to create environments where folks learn, contribute, and challenge the status quo.
Who might benefit? Anyone and everyone leading folks from the shop floor to top floor.
Dr. William Harvey is a seasoned Operations Leader with extensive experience in chemical processing, manufacturing, and operations management. At Michelman, he currently oversees multiple sites, leading teams in strategic planning and coaching/practicing continuous improvement. William is set to start his eighth year of teaching at the University of Cincinnati where he teaches marketing, finance, and management. William holds various certifications in change management, quality, leadership, operational excellence, team building, and DiSC, among others.
"𝑩𝑬𝑮𝑼𝑵 𝑾𝑰𝑻𝑯 𝑻𝑱 𝑰𝑺 𝑯𝑨𝑳𝑭 𝑫𝑶𝑵𝑬"
𝐓𝐉 𝐂𝐨𝐦𝐬 (𝐓𝐉 𝐂𝐨𝐦𝐦𝐮𝐧𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬) is a professional event agency that includes experts in the event-organizing market in Vietnam, Korea, and ASEAN countries. We provide unlimited types of events from Music concerts, Fan meetings, and Culture festivals to Corporate events, Internal company events, Golf tournaments, MICE events, and Exhibitions.
𝐓𝐉 𝐂𝐨𝐦𝐬 provides unlimited package services including such as Event organizing, Event planning, Event production, Manpower, PR marketing, Design 2D/3D, VIP protocols, Interpreter agency, etc.
Sports events - Golf competitions/billiards competitions/company sports events: dynamic and challenging
⭐ 𝐅𝐞𝐚𝐭𝐮𝐫𝐞𝐝 𝐩𝐫𝐨𝐣𝐞𝐜𝐭𝐬:
➢ 2024 BAEKHYUN [Lonsdaleite] IN HO CHI MINH
➢ SUPER JUNIOR-L.S.S. THE SHOW : Th3ee Guys in HO CHI MINH
➢FreenBecky 1st Fan Meeting in Vietnam
➢CHILDREN ART EXHIBITION 2024: BEYOND BARRIERS
➢ WOW K-Music Festival 2023
➢ Winner [CROSS] Tour in HCM
➢ Super Show 9 in HCM with Super Junior
➢ HCMC - Gyeongsangbuk-do Culture and Tourism Festival
➢ Korean Vietnam Partnership - Fair with LG
➢ Korean President visits Samsung Electronics R&D Center
➢ Vietnam Food Expo with Lotte Wellfood
"𝐄𝐯𝐞𝐫𝐲 𝐞𝐯𝐞𝐧𝐭 𝐢𝐬 𝐚 𝐬𝐭𝐨𝐫𝐲, 𝐚 𝐬𝐩𝐞𝐜𝐢𝐚𝐥 𝐣𝐨𝐮𝐫𝐧𝐞𝐲. 𝐖𝐞 𝐚𝐥𝐰𝐚𝐲𝐬 𝐛𝐞𝐥𝐢𝐞𝐯𝐞 𝐭𝐡𝐚𝐭 𝐬𝐡𝐨𝐫𝐭𝐥𝐲 𝐲𝐨𝐮 𝐰𝐢𝐥𝐥 𝐛𝐞 𝐚 𝐩𝐚𝐫𝐭 𝐨𝐟 𝐨𝐮𝐫 𝐬𝐭𝐨𝐫𝐢𝐞𝐬."
4. KINDS OF CONTRACT
1. Point of view of enforceability(validity)
2. Point of view of mode of creation(formation)
3. Point of view of extent of execution(performance)
5. POINT OF VIEW OF ENFORCEABILITY
(a) Valid contract:- enforceable by law
(b) Voidable contract:- enforceable by law at option of one of the parties
(A, threatens to shoot B if he does not sell his new Bajaj bike to A for Rs.
2000, B agrees. The contract has been brought about by coercion and is voidable at the
option of B.)
(c) Void contract:- not binding in law
6. POINT OF VIEW OF ENFORCEABILITY
(d) Unenforceable contract:- is valid in itself but not capable of being enforced in court
of law because of some technical defect such as absence of writing.
(e) Illegal or unlawful contract:- if either the consideration given for the contract is
illegal or the object of the contract is illegal. For example:
(1) Tom promises to give Jerry five grams of cocaine if Jerry promises to
drive Tom to Manhattan on Saturday. This is an illegal contract because the
consideration given for the contract is illegal.
(2) Tom promises to give Jerry $5,000 if Jerry robs a bank on Saturday. This
is an illegal contract because the object of the contract is illegal.
7. POINT OF VIEW OF MODE OF
CREATION(FORMATION)
a) Express contract:- offer and acceptance both are made in words spoken or written.
[ A tells B on telephone that he offers to sell his car for Rs. 80000 and B
in reply informs A that he accepts the offer]
[Mr. A, a student, called Mr B on the phone and agreed to buy his text
books of last semester for Rs.300]
b) Implied contract:- offer and acceptance by acts and conduct of the parties
[A, a coolie in uniform takes up luggage of B to be carried out of railway
station without being asked by B, and B allows him to do so, law implies that B agrees
to pay for the services of A]
[If A boards a bus for going to his destination and whether he takes a seat
or not, the law will imply a contract from the very nature of the circumstances, and A
have to pay the fare]
8. POINT OF VIEW OF MODE OF
CREATION(FORMATION)
c) Constructive or quasi contract:- A quasi contact is based on the principle that a
person shall not be allowed to enrich himself at the expense of another. These
contracts are strictly not contracts as there is no intension of parties to enter into a
contract.
[A, came into contract with B, to deliver some product to B but by mistake
he delivers the same product to C, now the contract formed between A and C in quasi
contract]
[ABC ltd., a TV co., delivered a new TV to Mrs. Z that she did not order.
She kept the TV and did not attempt to return it. In this case, a Quasi-contract may be
enforced on her to pay for the TV]
9. POINT OF VIEW OF EXTENT OF
EXECUTION
(a) Executed contract:- parties of contract completely performed their share of
obligation.
[J Inc, agreed to buy 10 tons of coal from the Northern Coal Co. The Co.
delivered the coal to J’s steel mill, where it was being burned. At that point, the contract
was executed on the part of Northern and executed on J’s part. After J Inc. paid the
company price for the coal supplied, the contract would be executed on both sides.]
(b) Executory contract:- obligations are outstanding. They can be Unilateral and
Bilateral.
[T agrees to coach R, a medical student, from first day of next month and R
agrees to pay a consideration of Rs. 3000p.m., the contract is executory because it is yet
to be carried out.]
10. POINT OF VIEW OF EXTENT OF
EXECUTION
(c) Bilateral Contract :- is an agreement between two parties in which each
side agrees to fulfill his or her side of the bargain
(d) Unilateral Contract :- is a contract agreement in which an offeror
promises to pay after the occurrence of a specified act.
11. MCQ
• Where undue influence has been used to form the contract, the
effect is that the contract is:
a) Void
b) A valid contract that binds both parties
c) Illegal
d) Voidable
12. MCQ
• A contract where both the parties have fulfilled their obligations is
called as…..
a) Valid
b) Executed
c) Void
d) Unilateral
13. MCQ
• ………….. Contract is made by spoken words
a) Implied
b) Express
c) Void
d) Special
14. MCQ
• Where the contract is understood by conduct of parties it is……..
Contract
a) Implied
b) Express
c) Void
d) Special
15. MCQ
• Void agreements signifies:
(a) Agreement illegal in nature
(b) Agreement not enforceable at law
(c) Agreement violating legal procedure
(d) Agreement against public policy