TYBCOM SEM 5|| Notes of Theory subject Business Law - Organization behaviour- International of Trade


SUBJECT  BUSINESS LAW-I

SUBJECT CODE : LAW1507


UNIT – I THE INDIAN CONTRACT ACT, 1872


[A] Nature of Contract, object of Contract 

-Meaning of Nature of Contract

-Essentials of a Valid Contract

-Classification of Contracts


[B] Offer, Acceptance And Consideration

- Various Types of Offers

-Legal Rules of an Offer

-Revocation of an Offer

-Define Cross Offer

-Rules for a Valid Acceptance

-Offer, Acceptance And Revocation

-Rules for a Good Consideration

-An Agreement without Consideration is Void

-A Stranger to a Contract Cannot Sue

-Capacity / Competency to Contract

-Rules for Minor's Agreement

-Persons Disqualified from Contracting

-Quasi Contracts

-Legality of Object

-Define Unlawful Agreement

-Agreements Restraining Trade

-Free Consent



UNIT – II INDIAN CONTRACT ACT, 1872 (CONTD.)

-Void Agreements 

-Performance of Contract

-Discharge of Contract

-Remedies for Breach of Contract-

-Quasi - Contracts

-Wagering Agreement

-Contract of Insurance v/s Wagering Agreements


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