Hello BBA students,
Check out this superb ebook on BBA - Business Regulatory Framework for the students pursuing management courses or BBA. This ebook is in PDF format for you all to download. You can also find lecture notes and handouts in this section.However,the modules covered in this ebook are as follows:
BBA - Business Regulatory Framework
MODULE I INDIAN CONTRACT ACT
MODULE II SPECIAL CONTRACTS
MODULE III SALE OF GOODS ACT
MODULE IV CONSUMER PROTECTION ACT
MODULE V CYBER LAWS IN INDIA
Introduction :
Law is a basic necessity of every civilized society. Law is the bundle of rules and principles to be followed by the members of the society. When there is a law in a country, it brings uniformity and balance in human actions, and provides justice to the aggrieved persons.
ELEMENTS OF CONTRACT
An agreement to be enforced in the court has to satisfy certain conditions. On satisfying these, the agreements become a contract, and those conditions become essentials of a valid contract. The essential elements of a contract are contained in the definition of contract given in sec. 10 of the contract Act. According to this Act, “all agreements are contracts if they are made by free consent of parties competent to contract for a lawful consideration and with a lawful object and are not hereby expressly declared to be void.” The essential elements of a contract include:
School of Distance Education
Business Regulatory Frame Work
Agreement :
There must be an agreement between the parties of a contract. It involves a valid offer by one party and a valid acceptance by the other party. Agreement is created by offer and acceptance. Therefore an agreement is = offer +acceptance. It is only by an agreement a contractual relation is established between the parties. For example, A sends a proposal to B to purchase a property for Rs. 10 lakhs and B accept the same, then this result into an agreement.
Lawful consideration :
Consideration means something in return. An agreement is legally enforceable only when each of the parties to it give something and gets something. It may be past, present or future and must be real and lawful. A contract without consideration is not a contract at all. The consideration must be legal, moral and not against public policy.
Capacity of parties :
The parties to an agreement must be capable of entering into a valid contract.
Check out this superb ebook on BBA - Business Regulatory Framework for the students pursuing management courses or BBA. This ebook is in PDF format for you all to download. You can also find lecture notes and handouts in this section.However,the modules covered in this ebook are as follows:
BBA - Business Regulatory Framework
MODULE I INDIAN CONTRACT ACT
MODULE II SPECIAL CONTRACTS
MODULE III SALE OF GOODS ACT
MODULE IV CONSUMER PROTECTION ACT
MODULE V CYBER LAWS IN INDIA
Introduction :
Law is a basic necessity of every civilized society. Law is the bundle of rules and principles to be followed by the members of the society. When there is a law in a country, it brings uniformity and balance in human actions, and provides justice to the aggrieved persons.
ELEMENTS OF CONTRACT
An agreement to be enforced in the court has to satisfy certain conditions. On satisfying these, the agreements become a contract, and those conditions become essentials of a valid contract. The essential elements of a contract are contained in the definition of contract given in sec. 10 of the contract Act. According to this Act, “all agreements are contracts if they are made by free consent of parties competent to contract for a lawful consideration and with a lawful object and are not hereby expressly declared to be void.” The essential elements of a contract include:
School of Distance Education
Business Regulatory Frame Work
Agreement :
There must be an agreement between the parties of a contract. It involves a valid offer by one party and a valid acceptance by the other party. Agreement is created by offer and acceptance. Therefore an agreement is = offer +acceptance. It is only by an agreement a contractual relation is established between the parties. For example, A sends a proposal to B to purchase a property for Rs. 10 lakhs and B accept the same, then this result into an agreement.
Lawful consideration :
Consideration means something in return. An agreement is legally enforceable only when each of the parties to it give something and gets something. It may be past, present or future and must be real and lawful. A contract without consideration is not a contract at all. The consideration must be legal, moral and not against public policy.
Capacity of parties :
The parties to an agreement must be capable of entering into a valid contract.
Content Syndicated from: BBA - Business Regulatory Framework lecture notes,ebook,pdf download
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