SlideShare a Scribd company logo
AUTOMOBILE SECTOR:
VOLKSWAGEN
Prepared by:
Vishal Singh Tomar
Rohan Agarwal
Mridul Jain
Monali Gupta
Leena Gangurde
Ruchita Koli
Guided by :
Prof. Animesh Kumar
COMPANIES ACT 2013
• Section 2(20) of the Companies Act 2013, define the term ‘Company’ as following:
• “Company means incorporated under this Act or under any previous company law.”
FEATURES OF COMPANIES:
• Separate Legal Entity
• Perpetual Succession
• Limited Liability
• Artificial Legal Person
• Common Seal
COMPANIES (AMENDMENTS)ACT 2015
• No Minimum Paid Up Capital
• No Common Seal
• No Dividend Unless Losses Set Of
MEMORANDUM OF ASSOCIATION
ARTICLE OF ASSOCIATION
CONSUMER PROTECTION ACT
• An Act to provide for better protection of the interests of consumers and for that purpose to
make a provision for Tom.
 SINGNIFICANCE OF THE STATUTE
 CONSUMER PROTECTION COUNCIL
 OBJECTIVES OF CENTRAL COUNCIL
• The objectives of the Central Council is to promote and to protect the rights of the consumers
such as:-
• Right to be protected
• Right to be informed
• Right to be assured
• Right to be heard
• Right to seek redressal
• Right to consumer education.
SALES OF GOODS ACT
1. The law relating to sale and purchase of goods, prior to 1930 were dealt by the Indian Contract Act,
1872. In 1930, Sections 76 to 123 of the Contract Act was repealed and a separate Act known as the
Sale of Goods Act, 1930 was passed.This act lays down special provisions governing the contract of
sales of goods .The general law of contract is also applicable to the contracts for the sale of goods
unless they are inconsistent with the express provisions of the Sale of Goods Act .
2. GENERAL MEANING OF CONTRACT OF SALE
3. DISTINCTION BETWEEN SALE AND AGREEMENT TO SELL BASIS SALE AGREEMENT
TO SELL
4. ESSENTIALS OF CONTRACT OF SALE
Two parties, Goods, Transfer of general property, Price, Essential elements of a valid
contract
• CONDITIONS AND WARRANTIES MEANING OF CONDITION AND
WARRANTY
• WHEN CONDITION HAS TO BE TREATED AS WARRANTY
INDIAN CONTRACT ACT 1872
 The Indian contract act 1872, defines the term ‘contract’ under it’s section 2(h) as “An
agreement enforceable by law”. In other words, we can say of the land. The act is based on
the principal of English common law.
 The act as enacted originally had 266 sections, it had wide scope and include:-
1. General principles of law of contract sections 01 to 75.
2. Contract relating to sale of goods sections 76 to 123
3. Special contracts – indemnity, guarantee, bailment, and pledge and agency sections 124 to
238.
THERE ARE SOME PROVISIONS THAT ARE
HIGHLIGHTED IN A INDIAN TRADE PRACTICES:-
• Offer section 2(a)
• Acceptance section 2(b)
• Consideration section 2(d)
• Agreement section 2(e)
• Some special contacts:-
I. Indemnity
II. Gaurantee
EXAMPLES related to volkswagen.
NEGOTIABLE INSTRUMENT ACT
• The word Negotiable means "transferable by delivery" and the word instrument
means "a written document by which a right is created in favor of some person.
• Thus, the term negotiable instrument literally means 'a written document which
creates a right in favor of somebody and is freely transferable by delivery'
• A negotiable instrument is a piece of paper which entitles a person to a certain sum
of money and which is transferable from one to another
NEGOTIABLE INSTRUMENT
ACT(CONTD)
• There are three main main negotiable instruments we have :-
• 1. Bill of exchange
• 2. Promissory Note
• 3. Cheque
THANK YOU
ANY QUESTIONS ?

More Related Content

What's hot

Florida Statute Chapter 718
Florida Statute Chapter 718Florida Statute Chapter 718
Florida Statute Chapter 718
VillaAlhambra
 
Formation of Contract
Formation of ContractFormation of Contract
Formation of Contract
Pinak Deshpande
 
Rights of tenants under tamilnadu rent control act
Rights of tenants under tamilnadu rent control actRights of tenants under tamilnadu rent control act
Rights of tenants under tamilnadu rent control act
Altacit Global
 
Housing Law Tool Kit
Housing Law Tool KitHousing Law Tool Kit
Housing Law Tool Kit
Simona Vaipan
 
A indian contract
A indian contractA indian contract
A indian contract
surjeet tomar
 
Statutory lien
Statutory lienStatutory lien
Statutory lien
Hafizul Mukhlis
 
Specific Relief Act 1963
Specific Relief Act 1963Specific Relief Act 1963
Specific Relief Act 1963
mahesh lone
 
History of Indian Contract Act
History of Indian Contract ActHistory of Indian Contract Act
History of Indian Contract Act
patelmitul772
 
Policy and legal framework affecting real estate in indonesia
Policy and legal framework affecting real estate in indonesiaPolicy and legal framework affecting real estate in indonesia
Policy and legal framework affecting real estate in indonesia
Leks&Co
 
DPC Project on eviction of sub-tenancy
 DPC Project on eviction of sub-tenancy DPC Project on eviction of sub-tenancy
DPC Project on eviction of sub-tenancy
Sandeep K Bohra
 
Frequently asked Questions on RERA
Frequently asked Questions on RERA Frequently asked Questions on RERA
Frequently asked Questions on RERA
ApnaComplex
 
charges 2
charges 2charges 2
charges 2
Hafizul Mukhlis
 
Charge
ChargeCharge
Business Environment and Law
Business Environment and LawBusiness Environment and Law
Business Environment and Law
ARSHAD ALAM
 
Business law
Business lawBusiness law
Business law
cheshta malik
 
IFLR REPORT FINAL
IFLR REPORT FINALIFLR REPORT FINAL
IFLR REPORT FINAL
Timothy Kyepa, LL.D
 
Force majeure clause and COVID-19
Force majeure clause and COVID-19Force majeure clause and COVID-19
Force majeure clause and COVID-19
Giridhar Sai
 
Contract
ContractContract

What's hot (18)

Florida Statute Chapter 718
Florida Statute Chapter 718Florida Statute Chapter 718
Florida Statute Chapter 718
 
Formation of Contract
Formation of ContractFormation of Contract
Formation of Contract
 
Rights of tenants under tamilnadu rent control act
Rights of tenants under tamilnadu rent control actRights of tenants under tamilnadu rent control act
Rights of tenants under tamilnadu rent control act
 
Housing Law Tool Kit
Housing Law Tool KitHousing Law Tool Kit
Housing Law Tool Kit
 
A indian contract
A indian contractA indian contract
A indian contract
 
Statutory lien
Statutory lienStatutory lien
Statutory lien
 
Specific Relief Act 1963
Specific Relief Act 1963Specific Relief Act 1963
Specific Relief Act 1963
 
History of Indian Contract Act
History of Indian Contract ActHistory of Indian Contract Act
History of Indian Contract Act
 
Policy and legal framework affecting real estate in indonesia
Policy and legal framework affecting real estate in indonesiaPolicy and legal framework affecting real estate in indonesia
Policy and legal framework affecting real estate in indonesia
 
DPC Project on eviction of sub-tenancy
 DPC Project on eviction of sub-tenancy DPC Project on eviction of sub-tenancy
DPC Project on eviction of sub-tenancy
 
Frequently asked Questions on RERA
Frequently asked Questions on RERA Frequently asked Questions on RERA
Frequently asked Questions on RERA
 
charges 2
charges 2charges 2
charges 2
 
Charge
ChargeCharge
Charge
 
Business Environment and Law
Business Environment and LawBusiness Environment and Law
Business Environment and Law
 
Business law
Business lawBusiness law
Business law
 
IFLR REPORT FINAL
IFLR REPORT FINALIFLR REPORT FINAL
IFLR REPORT FINAL
 
Force majeure clause and COVID-19
Force majeure clause and COVID-19Force majeure clause and COVID-19
Force majeure clause and COVID-19
 
Contract
ContractContract
Contract
 

Similar to Volkswagen das auto

Commercial law
Commercial lawCommercial law
Commercial law
Chandan Mishra
 
Insurance act 1938 iibs
Insurance act 1938 iibsInsurance act 1938 iibs
Insurance act 1938 iibs
Soumendra Roy
 
Insurance Ppt New2
Insurance Ppt New2Insurance Ppt New2
Insurance Ppt New2
jyotsnashekhawat111
 
Sale of goods
Sale of goodsSale of goods
Sale of goods
Adela Perez del Viso
 
Business law PPT Dr.k.Rajeswari
Business law  PPT Dr.k.RajeswariBusiness law  PPT Dr.k.Rajeswari
Business law PPT Dr.k.Rajeswari
Rajeswari Anand
 
Case Studies-Types of Business Contract
Case Studies-Types of Business ContractCase Studies-Types of Business Contract
Case Studies-Types of Business Contract
Muhammad Asif Khan
 
Summer 2016 semester project business & labour laws (71416).ppt
Summer 2016 semester project business & labour laws (71416).pptSummer 2016 semester project business & labour laws (71416).ppt
Summer 2016 semester project business & labour laws (71416).ppt
Muhammad Asif Khan Awan
 
Legal Aspects of Business Law
Legal Aspects of Business LawLegal Aspects of Business Law
Legal Aspects of Business Law
OmkarKodak
 
LEGAL ASPECTS OF BUSINESS
LEGAL ASPECTS OF BUSINESSLEGAL ASPECTS OF BUSINESS
LEGAL ASPECTS OF BUSINESS
NehaSharma1940
 
Non Compete Covenants
Non Compete CovenantsNon Compete Covenants
Non Compete Covenants
Kevin Robin
 
Indian contract act.pptx
Indian contract act.pptxIndian contract act.pptx
Indian contract act.pptx
Ishikaagrawal54
 
17886416 business-law
17886416 business-law17886416 business-law
17886416 business-law
LALIT MAHATO
 
Indian insurance industry
Indian insurance industryIndian insurance industry
Indian insurance industry
Mukund Sreeram
 
La3100 lp5 lecture
La3100 lp5 lectureLa3100 lp5 lecture
La3100 lp5 lecture
Ecoll Ed
 
Authorisation under the new Consumer Credit regime
Authorisation under the new Consumer Credit regimeAuthorisation under the new Consumer Credit regime
Authorisation under the new Consumer Credit regime
Rachel Tandy
 
THE SALE OF GOODS ACT,1930 AND THE PARTNERSHIP ACT,1932.pptx
THE SALE OF GOODS ACT,1930 AND THE PARTNERSHIP ACT,1932.pptxTHE SALE OF GOODS ACT,1930 AND THE PARTNERSHIP ACT,1932.pptx
THE SALE OF GOODS ACT,1930 AND THE PARTNERSHIP ACT,1932.pptx
Aabilhusain2
 
Consumer Protection Act, 1986.pptx
Consumer Protection Act, 1986.pptxConsumer Protection Act, 1986.pptx
Consumer Protection Act, 1986.pptx
AdityaVallabha2
 
Legal Aspect
Legal AspectLegal Aspect
Legal Aspect
YashashreeMangela
 
Business law - INDIAN CONTRACT ACT 1882
Business law - INDIAN CONTRACT ACT 1882Business law - INDIAN CONTRACT ACT 1882
Business law - INDIAN CONTRACT ACT 1882
POOJITHA KOTHA
 
Company law
Company lawCompany law
Company law
gargi1106
 

Similar to Volkswagen das auto (20)

Commercial law
Commercial lawCommercial law
Commercial law
 
Insurance act 1938 iibs
Insurance act 1938 iibsInsurance act 1938 iibs
Insurance act 1938 iibs
 
Insurance Ppt New2
Insurance Ppt New2Insurance Ppt New2
Insurance Ppt New2
 
Sale of goods
Sale of goodsSale of goods
Sale of goods
 
Business law PPT Dr.k.Rajeswari
Business law  PPT Dr.k.RajeswariBusiness law  PPT Dr.k.Rajeswari
Business law PPT Dr.k.Rajeswari
 
Case Studies-Types of Business Contract
Case Studies-Types of Business ContractCase Studies-Types of Business Contract
Case Studies-Types of Business Contract
 
Summer 2016 semester project business & labour laws (71416).ppt
Summer 2016 semester project business & labour laws (71416).pptSummer 2016 semester project business & labour laws (71416).ppt
Summer 2016 semester project business & labour laws (71416).ppt
 
Legal Aspects of Business Law
Legal Aspects of Business LawLegal Aspects of Business Law
Legal Aspects of Business Law
 
LEGAL ASPECTS OF BUSINESS
LEGAL ASPECTS OF BUSINESSLEGAL ASPECTS OF BUSINESS
LEGAL ASPECTS OF BUSINESS
 
Non Compete Covenants
Non Compete CovenantsNon Compete Covenants
Non Compete Covenants
 
Indian contract act.pptx
Indian contract act.pptxIndian contract act.pptx
Indian contract act.pptx
 
17886416 business-law
17886416 business-law17886416 business-law
17886416 business-law
 
Indian insurance industry
Indian insurance industryIndian insurance industry
Indian insurance industry
 
La3100 lp5 lecture
La3100 lp5 lectureLa3100 lp5 lecture
La3100 lp5 lecture
 
Authorisation under the new Consumer Credit regime
Authorisation under the new Consumer Credit regimeAuthorisation under the new Consumer Credit regime
Authorisation under the new Consumer Credit regime
 
THE SALE OF GOODS ACT,1930 AND THE PARTNERSHIP ACT,1932.pptx
THE SALE OF GOODS ACT,1930 AND THE PARTNERSHIP ACT,1932.pptxTHE SALE OF GOODS ACT,1930 AND THE PARTNERSHIP ACT,1932.pptx
THE SALE OF GOODS ACT,1930 AND THE PARTNERSHIP ACT,1932.pptx
 
Consumer Protection Act, 1986.pptx
Consumer Protection Act, 1986.pptxConsumer Protection Act, 1986.pptx
Consumer Protection Act, 1986.pptx
 
Legal Aspect
Legal AspectLegal Aspect
Legal Aspect
 
Business law - INDIAN CONTRACT ACT 1882
Business law - INDIAN CONTRACT ACT 1882Business law - INDIAN CONTRACT ACT 1882
Business law - INDIAN CONTRACT ACT 1882
 
Company law
Company lawCompany law
Company law
 

Recently uploaded

Executive Directors Chat Leveraging AI for Diversity, Equity, and Inclusion
Executive Directors Chat  Leveraging AI for Diversity, Equity, and InclusionExecutive Directors Chat  Leveraging AI for Diversity, Equity, and Inclusion
Executive Directors Chat Leveraging AI for Diversity, Equity, and Inclusion
TechSoup
 
A Strategic Approach: GenAI in Education
A Strategic Approach: GenAI in EducationA Strategic Approach: GenAI in Education
A Strategic Approach: GenAI in Education
Peter Windle
 
Advanced Java[Extra Concepts, Not Difficult].docx
Advanced Java[Extra Concepts, Not Difficult].docxAdvanced Java[Extra Concepts, Not Difficult].docx
Advanced Java[Extra Concepts, Not Difficult].docx
adhitya5119
 
ISO/IEC 27001, ISO/IEC 42001, and GDPR: Best Practices for Implementation and...
ISO/IEC 27001, ISO/IEC 42001, and GDPR: Best Practices for Implementation and...ISO/IEC 27001, ISO/IEC 42001, and GDPR: Best Practices for Implementation and...
ISO/IEC 27001, ISO/IEC 42001, and GDPR: Best Practices for Implementation and...
PECB
 
The Diamonds of 2023-2024 in the IGRA collection
The Diamonds of 2023-2024 in the IGRA collectionThe Diamonds of 2023-2024 in the IGRA collection
The Diamonds of 2023-2024 in the IGRA collection
Israel Genealogy Research Association
 
writing about opinions about Australia the movie
writing about opinions about Australia the moviewriting about opinions about Australia the movie
writing about opinions about Australia the movie
Nicholas Montgomery
 
Exploiting Artificial Intelligence for Empowering Researchers and Faculty, In...
Exploiting Artificial Intelligence for Empowering Researchers and Faculty, In...Exploiting Artificial Intelligence for Empowering Researchers and Faculty, In...
Exploiting Artificial Intelligence for Empowering Researchers and Faculty, In...
Dr. Vinod Kumar Kanvaria
 
Your Skill Boost Masterclass: Strategies for Effective Upskilling
Your Skill Boost Masterclass: Strategies for Effective UpskillingYour Skill Boost Masterclass: Strategies for Effective Upskilling
Your Skill Boost Masterclass: Strategies for Effective Upskilling
Excellence Foundation for South Sudan
 
The simplified electron and muon model, Oscillating Spacetime: The Foundation...
The simplified electron and muon model, Oscillating Spacetime: The Foundation...The simplified electron and muon model, Oscillating Spacetime: The Foundation...
The simplified electron and muon model, Oscillating Spacetime: The Foundation...
RitikBhardwaj56
 
PIMS Job Advertisement 2024.pdf Islamabad
PIMS Job Advertisement 2024.pdf IslamabadPIMS Job Advertisement 2024.pdf Islamabad
PIMS Job Advertisement 2024.pdf Islamabad
AyyanKhan40
 
Digital Artefact 1 - Tiny Home Environmental Design
Digital Artefact 1 - Tiny Home Environmental DesignDigital Artefact 1 - Tiny Home Environmental Design
Digital Artefact 1 - Tiny Home Environmental Design
amberjdewit93
 
Hindi varnamala | hindi alphabet PPT.pdf
Hindi varnamala | hindi alphabet PPT.pdfHindi varnamala | hindi alphabet PPT.pdf
Hindi varnamala | hindi alphabet PPT.pdf
Dr. Mulla Adam Ali
 
Film vocab for eal 3 students: Australia the movie
Film vocab for eal 3 students: Australia the movieFilm vocab for eal 3 students: Australia the movie
Film vocab for eal 3 students: Australia the movie
Nicholas Montgomery
 
Azure Interview Questions and Answers PDF By ScholarHat
Azure Interview Questions and Answers PDF By ScholarHatAzure Interview Questions and Answers PDF By ScholarHat
Azure Interview Questions and Answers PDF By ScholarHat
Scholarhat
 
S1-Introduction-Biopesticides in ICM.pptx
S1-Introduction-Biopesticides in ICM.pptxS1-Introduction-Biopesticides in ICM.pptx
S1-Introduction-Biopesticides in ICM.pptx
tarandeep35
 
clinical examination of hip joint (1).pdf
clinical examination of hip joint (1).pdfclinical examination of hip joint (1).pdf
clinical examination of hip joint (1).pdf
Priyankaranawat4
 
Digital Artifact 1 - 10VCD Environments Unit
Digital Artifact 1 - 10VCD Environments UnitDigital Artifact 1 - 10VCD Environments Unit
Digital Artifact 1 - 10VCD Environments Unit
chanes7
 
Top five deadliest dog breeds in America
Top five deadliest dog breeds in AmericaTop five deadliest dog breeds in America
Top five deadliest dog breeds in America
Bisnar Chase Personal Injury Attorneys
 
The History of Stoke Newington Street Names
The History of Stoke Newington Street NamesThe History of Stoke Newington Street Names
The History of Stoke Newington Street Names
History of Stoke Newington
 
World environment day ppt For 5 June 2024
World environment day ppt For 5 June 2024World environment day ppt For 5 June 2024
World environment day ppt For 5 June 2024
ak6969907
 

Recently uploaded (20)

Executive Directors Chat Leveraging AI for Diversity, Equity, and Inclusion
Executive Directors Chat  Leveraging AI for Diversity, Equity, and InclusionExecutive Directors Chat  Leveraging AI for Diversity, Equity, and Inclusion
Executive Directors Chat Leveraging AI for Diversity, Equity, and Inclusion
 
A Strategic Approach: GenAI in Education
A Strategic Approach: GenAI in EducationA Strategic Approach: GenAI in Education
A Strategic Approach: GenAI in Education
 
Advanced Java[Extra Concepts, Not Difficult].docx
Advanced Java[Extra Concepts, Not Difficult].docxAdvanced Java[Extra Concepts, Not Difficult].docx
Advanced Java[Extra Concepts, Not Difficult].docx
 
ISO/IEC 27001, ISO/IEC 42001, and GDPR: Best Practices for Implementation and...
ISO/IEC 27001, ISO/IEC 42001, and GDPR: Best Practices for Implementation and...ISO/IEC 27001, ISO/IEC 42001, and GDPR: Best Practices for Implementation and...
ISO/IEC 27001, ISO/IEC 42001, and GDPR: Best Practices for Implementation and...
 
The Diamonds of 2023-2024 in the IGRA collection
The Diamonds of 2023-2024 in the IGRA collectionThe Diamonds of 2023-2024 in the IGRA collection
The Diamonds of 2023-2024 in the IGRA collection
 
writing about opinions about Australia the movie
writing about opinions about Australia the moviewriting about opinions about Australia the movie
writing about opinions about Australia the movie
 
Exploiting Artificial Intelligence for Empowering Researchers and Faculty, In...
Exploiting Artificial Intelligence for Empowering Researchers and Faculty, In...Exploiting Artificial Intelligence for Empowering Researchers and Faculty, In...
Exploiting Artificial Intelligence for Empowering Researchers and Faculty, In...
 
Your Skill Boost Masterclass: Strategies for Effective Upskilling
Your Skill Boost Masterclass: Strategies for Effective UpskillingYour Skill Boost Masterclass: Strategies for Effective Upskilling
Your Skill Boost Masterclass: Strategies for Effective Upskilling
 
The simplified electron and muon model, Oscillating Spacetime: The Foundation...
The simplified electron and muon model, Oscillating Spacetime: The Foundation...The simplified electron and muon model, Oscillating Spacetime: The Foundation...
The simplified electron and muon model, Oscillating Spacetime: The Foundation...
 
PIMS Job Advertisement 2024.pdf Islamabad
PIMS Job Advertisement 2024.pdf IslamabadPIMS Job Advertisement 2024.pdf Islamabad
PIMS Job Advertisement 2024.pdf Islamabad
 
Digital Artefact 1 - Tiny Home Environmental Design
Digital Artefact 1 - Tiny Home Environmental DesignDigital Artefact 1 - Tiny Home Environmental Design
Digital Artefact 1 - Tiny Home Environmental Design
 
Hindi varnamala | hindi alphabet PPT.pdf
Hindi varnamala | hindi alphabet PPT.pdfHindi varnamala | hindi alphabet PPT.pdf
Hindi varnamala | hindi alphabet PPT.pdf
 
Film vocab for eal 3 students: Australia the movie
Film vocab for eal 3 students: Australia the movieFilm vocab for eal 3 students: Australia the movie
Film vocab for eal 3 students: Australia the movie
 
Azure Interview Questions and Answers PDF By ScholarHat
Azure Interview Questions and Answers PDF By ScholarHatAzure Interview Questions and Answers PDF By ScholarHat
Azure Interview Questions and Answers PDF By ScholarHat
 
S1-Introduction-Biopesticides in ICM.pptx
S1-Introduction-Biopesticides in ICM.pptxS1-Introduction-Biopesticides in ICM.pptx
S1-Introduction-Biopesticides in ICM.pptx
 
clinical examination of hip joint (1).pdf
clinical examination of hip joint (1).pdfclinical examination of hip joint (1).pdf
clinical examination of hip joint (1).pdf
 
Digital Artifact 1 - 10VCD Environments Unit
Digital Artifact 1 - 10VCD Environments UnitDigital Artifact 1 - 10VCD Environments Unit
Digital Artifact 1 - 10VCD Environments Unit
 
Top five deadliest dog breeds in America
Top five deadliest dog breeds in AmericaTop five deadliest dog breeds in America
Top five deadliest dog breeds in America
 
The History of Stoke Newington Street Names
The History of Stoke Newington Street NamesThe History of Stoke Newington Street Names
The History of Stoke Newington Street Names
 
World environment day ppt For 5 June 2024
World environment day ppt For 5 June 2024World environment day ppt For 5 June 2024
World environment day ppt For 5 June 2024
 

Volkswagen das auto

  • 1.
  • 2. AUTOMOBILE SECTOR: VOLKSWAGEN Prepared by: Vishal Singh Tomar Rohan Agarwal Mridul Jain Monali Gupta Leena Gangurde Ruchita Koli Guided by : Prof. Animesh Kumar
  • 3.
  • 4.
  • 5.
  • 6. COMPANIES ACT 2013 • Section 2(20) of the Companies Act 2013, define the term ‘Company’ as following: • “Company means incorporated under this Act or under any previous company law.” FEATURES OF COMPANIES: • Separate Legal Entity • Perpetual Succession • Limited Liability • Artificial Legal Person • Common Seal
  • 7. COMPANIES (AMENDMENTS)ACT 2015 • No Minimum Paid Up Capital • No Common Seal • No Dividend Unless Losses Set Of MEMORANDUM OF ASSOCIATION ARTICLE OF ASSOCIATION
  • 8. CONSUMER PROTECTION ACT • An Act to provide for better protection of the interests of consumers and for that purpose to make a provision for Tom.  SINGNIFICANCE OF THE STATUTE  CONSUMER PROTECTION COUNCIL  OBJECTIVES OF CENTRAL COUNCIL • The objectives of the Central Council is to promote and to protect the rights of the consumers such as:- • Right to be protected • Right to be informed • Right to be assured • Right to be heard • Right to seek redressal • Right to consumer education.
  • 9. SALES OF GOODS ACT 1. The law relating to sale and purchase of goods, prior to 1930 were dealt by the Indian Contract Act, 1872. In 1930, Sections 76 to 123 of the Contract Act was repealed and a separate Act known as the Sale of Goods Act, 1930 was passed.This act lays down special provisions governing the contract of sales of goods .The general law of contract is also applicable to the contracts for the sale of goods unless they are inconsistent with the express provisions of the Sale of Goods Act . 2. GENERAL MEANING OF CONTRACT OF SALE 3. DISTINCTION BETWEEN SALE AND AGREEMENT TO SELL BASIS SALE AGREEMENT TO SELL 4. ESSENTIALS OF CONTRACT OF SALE Two parties, Goods, Transfer of general property, Price, Essential elements of a valid contract
  • 10. • CONDITIONS AND WARRANTIES MEANING OF CONDITION AND WARRANTY • WHEN CONDITION HAS TO BE TREATED AS WARRANTY
  • 11. INDIAN CONTRACT ACT 1872  The Indian contract act 1872, defines the term ‘contract’ under it’s section 2(h) as “An agreement enforceable by law”. In other words, we can say of the land. The act is based on the principal of English common law.  The act as enacted originally had 266 sections, it had wide scope and include:- 1. General principles of law of contract sections 01 to 75. 2. Contract relating to sale of goods sections 76 to 123 3. Special contracts – indemnity, guarantee, bailment, and pledge and agency sections 124 to 238.
  • 12. THERE ARE SOME PROVISIONS THAT ARE HIGHLIGHTED IN A INDIAN TRADE PRACTICES:- • Offer section 2(a) • Acceptance section 2(b) • Consideration section 2(d) • Agreement section 2(e) • Some special contacts:- I. Indemnity II. Gaurantee EXAMPLES related to volkswagen.
  • 13. NEGOTIABLE INSTRUMENT ACT • The word Negotiable means "transferable by delivery" and the word instrument means "a written document by which a right is created in favor of some person. • Thus, the term negotiable instrument literally means 'a written document which creates a right in favor of somebody and is freely transferable by delivery' • A negotiable instrument is a piece of paper which entitles a person to a certain sum of money and which is transferable from one to another
  • 14. NEGOTIABLE INSTRUMENT ACT(CONTD) • There are three main main negotiable instruments we have :- • 1. Bill of exchange • 2. Promissory Note • 3. Cheque