NATURE OF THE CONTRACT

UNDUE INFLUENCE FREE CONSENT 2 IN HINDI

PERFORMANCE OF THE CONTRACT

•     PERFORMANCE OF CONTRACT

•     BUSINESS LAW

•     BY DR. SHASHI AGGARWAL

•     MEANING

•     SEC 37 OF THE ACT PROVIDES THAT THE PARTIES TO A CONTRACT MUST EITHER (I) PERFORM THEIR RESPECTIVE PROMISES (II) OR OFFER TO PERFORM UNLESS (III) SUCH PERFORMANCE IS DISPENSED WITH OR(IV) EXCUSED UNDER THE PROVISIONS OF THIS LAW OR ANY OTHER LAW.

MONOPOLY IN HINDI

DOCTRINE OF ULTRA VIRES

   DOCTRINE OF ULTRA VIRES
COMPANY LAW

   DR SHASHI AGGARWAL

   DOCTRINE OF ULTRA VIRES

   A COMPANY HAS THE POWER TO DO ALL SUCH THINGS AS ARE:-

1.       AUTHORIZED TO BE DONE BY COMPANIES ACT 2013

2.       ESSENTIAL TO THE ATTAINMENT OF ITS OBJECTS SPECIFIED IN MOA

3.       REASONABLY AND FAIRLY INCIDENTAL TO ITS OBJECTS

4.       THE OBJECT CLAUSE REQUIRES THAT THE COMPANY SHOULD DEVOTE ITSELF ONLY TO THE OBJECTS SET OUT IN THE MEMORANDUM AND TO NO OTHERS

5.       MEMORANDUM IS THE AREA BEYOND WHICH A COMPANY CANNOT TRAVEL

#REVISION SERIES 2 FOR CA #FOUNDATION BUSINESS LAW

REVISION SERIES 2 FOR CA FOUNDATION BUSINESS LAW

•     REVISION SERIES 2
PROBLEM IN CASES
CA FOUNDATION BUSINESS LAW

•     PROBLEM 1

•      A PROMISE TO CONTRIBUTE RS 5000 FOR REPAIRS OF TEMPLE. THE TRUSTEE OF  TEMPLE RELYING ON A ‘S PROMISE INCUR CERTAIN LIABILITIES. A LATER ON DOES NOT PAY THE AMOUNT CAN TRUSTEE TAKE ACTION AGAINST HIM.

REVISION SERIES OF CA FOUNDATION LAW LECTURE 1

• REVISION  SERIES OF CA FOUNDATION LAW
  1
• DR SHASHI AGGARWAL
• PROBLEMS 1 IN THE FORM OF CASE

AGREEMENT IN RESTRAINT OF TRADE WITH CASES BUSINESS LAW

HADLEY VS BEXANDLE REMEDIES FOR THE BREACH OF THE CONTRACT

ANTICIPATORY BREACH OF CONTRACT BUSIENSS LAW

• ANTICIPATORY BREACH OF CONTRACT
  DISCHARGE OF BREACH
  BUSINESS LAW
  DR. SHASHI AGGARWAL
• DISCHARGE BY BREACH

1. PARTIES TO CONTRACT ARE EXPECTED TO PERFORM THEIR RESPECTIVE OBLIGATION
2. IF ANY PARTY FAILS TO PERFORM HIS OBLIGATIONS,THERE TAKES PLACE A BREACH OF THE CONTRACT
3. BREACH OF THE CONTRACT OPERATES AS A DISCHARGE OF THE CONTRACT.

• BREACH OF THE CONTRACT MAY BE :

1. ACTUAL BREACH
2. ANTICIPATORY BREACH OF CONTRACT

• ACTUAL BREACH

LALMAN SHUKLA V GAURI DUTTA INDIAN CONTRACT ACT 1872

CARLIL V CARBOLIC SMOKE BALL CO CASE STUDY ON LAW OF CONTRACT

·         CARLIL V CARBOLIC SMOKE BALL CO

·         ( 1893)
CASE STUDY

·         OFFER AND ACCEPTANCE
LAWS OF CONTRACT

·         CARLIL V CARBOLIC SMOKE BALL

1.       CARBOLIC SMOKE BALL CO OFFERED BY AN ADVERTISMENT A REWARD OF 100 POUND TO ANY PERSON WHO SHOULD CONTRACTINFLUENZA AFTER HAVING USED THE SMOKE BALLS THREE TIMES DAILY FOR TWO WEEKS ACCORDING TO THE PRINTED DIRECTIONS

2.       ADDED THAT POUND 100 WERE DEPOSITED IN THE BANK SHOWING ITS SINCERITY IN THE PROMISE

CONTRACT OF SALE OF GOODS SALE OF GOODS ACT 1930

• SALE OF GOOD ACT 1930
  CONTRACT OF SALE OF GOODS
  SHASHI AGGARWAL ECONOMIC AND LAW CLASSES
• INTRODUCTION

1. THE SALE OF GOODS ACT.1930 IS MAINLY BASED ON THE ENGLISH SALE OF GOODS ACT 1893
2. EARLIER THE ACT WAS COVERED UNDER CHAPTER VII OF INDIAN CONTRACT ACT 1872
3. NEW ACT SALE OF GOODS HAD COME INTO FORCE IN FIRST JULY 1930
4. WHICH EXTENDS TO THE WHOLE OF INDIA EXCEPT THE STATE OF JAMMU AND KASHMIR
5. THE SALE OF GOODS ACT.1930 DEALS WITH THE LAW RELATING TO SALE OF GOODS IN INDIA
6. GOODS MEANS EVERY KIND OF MOVABLE PROPERTY OTHER THAN MONEY AND ACTIONABLE CLAIMS

CA FOUNDATION BUSINESS ECONOMICS NATURE AND SCOPE OF BUSINESS ECONOMICS 2

MEANING OF GOODS AND CLASSIFICATION OF GOODS UNDER THE CONTRACT OF SALE ...

DIFFERENCE BETWEEN CONTINGENT AND WAGERING CONTRACT BUSINESS LAW

• DIFFERENCE BETWEEN CONTINGENT AND WAGERING CONTRACT
  BUSINESS LAW
  
  
• MEANING OF CONTINGENT CONTRACT
• A CONTRACT MAY BE
• ABSOLUTE CONTRACT: WHICH THE PROMISOR BINDS HIMSELF TO THE PERFORMANCE IN ANY EVENT WITHOUT ANY CONDITIONS

MATERIAL ALTERATION · NEGOTIABLE INSTRUMENT

·         MATERIAL ALTERATION

·         NEGOTIABLE INSTRUMENT

·         BUSINESS LAW

   MATERIAL ALTERATION ( SECTION 87)

1.       SECTION 87 INCORPORATES THE PRINCIPLES AND IS DESIGNED TO PREVENT FRAUD AND DETER MEN FROM TEMPERING WITH THE WRITTEN INSTRUMENT.

2.       IT IS NOT EVERY ALTERATION THAT AVOIDS THE INSTRUMENT,TO AVOID THE INSTRUMENT THE ALTERATION MUST BE A MATERIAL ONE

DISCHARGE OF PARTIES FROM LIABILITY UNDER NEGOTIABLE INSTRUMENT

·         DISCHARGE OF PARTIES FROM LIABILITY UNDER NEGOTIABLE INSTRUMENT

·         BUSINESS LAW

·         MEANING OF DISCHARGE

RIGHTS OF UNPAID SELLER BUSINESS LAW