IGNOU NEWS
Breach Of Contract in Business Law Breach Of Contract in Business Law Breach means failure of a party to perform his/her obligation under a contract. Breach of contract may arise in two ways: (1) Actual breach of contract (2) Anticipatory breach of contract ANTICIPATORY BREACH OF CONTRACT Breach of contract occurring before the time …
Fraud In Business Law Fraud {Sections 17 } Indian Contract Act 1872 The term fraud includes all intentional or wilful misrepresentation of facts which are material for the formation of a contract. The most important thing in fraud is the intention to fraud the other party which distinguishes it from misrepresentation. “Fraud” …
Define agreement in business law Agreement Section 2(e) of the Contract Act defines agreement as every promise and every set of promises forming the consideration for each other. In this context a promise refers to a proposal (offer) which has been accepted. For example, Ramesh offers to sell his scooter for Rs. 20,000 to Shyam. …
Business Law Questions In This Article You Will Know About Best Business Law Questions Explain the following terms Voidable Contract. Unpaid seller Undue Influence Seller Revocation. Quasi Contract Pledge Endorsement. Holder-in-due-course Free consent Endorsement in Blank Contract Consideration Coercion Cheque Agency by Rectification Agency by Ratification Stocks State Consumer Protection Council Share holder Rights of …