Search for notes by fellow students, in your own course and all over the country.
Browse our notes for titles which look like what you need, you can preview any of the notes via a sample of the contents. After you're happy these are the notes you're after simply pop them into your shopping cart.
Title: Business Regulatory Framework - Introduction, Agreement, Contract and Types of Contract
Description: These are the notes of Business Regulatory Framework of Bachelor's of Commerce of 1st year 2nd Semester. The notes include introduction of Business Regulatory Framework and it's meaning. It consists of Agreement, Contract and Types of Contract. The notes are short and precise and easy to understand.
Description: These are the notes of Business Regulatory Framework of Bachelor's of Commerce of 1st year 2nd Semester. The notes include introduction of Business Regulatory Framework and it's meaning. It consists of Agreement, Contract and Types of Contract. The notes are short and precise and easy to understand.
Document Preview
Extracts from the notes are below, to see the PDF you'll receive please use the links above
BUSINESS REGULATORY FRAMEWORK
Business Regulatory Framework is also known as
Business Law
...
It enables them to carry their business
smoothly by making agreements enforceable by
law
...
● Contract consists of two essential elements:
a
...
Enforceable by law
As per section 2(e) of Indian Contract Act,
1872 the term agreement is “every promise
and set of promises forming the consideration
for each other
...
Proposal when accepted becomes a
promise
...
● Thereto,
Agreement= Proposal+ Acceptance
Enforceability by Law
● Enforceable means able to be imposed, can
be executed and can be abide by the law
...
Conclusion
Contract= Accepted Proposal
(Agreement)+ Enforceability by law
All contracts are agreements but every not every
agreement is a contract
...
Example:- A agrees to sell scooter at ₹50000
to B
...
On the basis of Creation/ Formation
● Express Contract
Proposal of any promise is made in words
...
● Quassi Contract
Not an actual contract but resembles a
contract
...
● E- Contract
When the contract is entered by two or
more parties using electronic means
...
2
...
● Void Contract
which can't be enforced by a court of law
...
● Illegal Contract
All illegal agreements are void but all void
agreements aren't necessarily illegal
...
3
...
● Executory Contract
Consideration is to be performed in the
future
...
On the basis of Obligation
● Unilateral Contract
In which one party has to perform promise
...
● Bilateral Contract
Where promise is outstanding on the part
of both parties
Title: Business Regulatory Framework - Introduction, Agreement, Contract and Types of Contract
Description: These are the notes of Business Regulatory Framework of Bachelor's of Commerce of 1st year 2nd Semester. The notes include introduction of Business Regulatory Framework and it's meaning. It consists of Agreement, Contract and Types of Contract. The notes are short and precise and easy to understand.
Description: These are the notes of Business Regulatory Framework of Bachelor's of Commerce of 1st year 2nd Semester. The notes include introduction of Business Regulatory Framework and it's meaning. It consists of Agreement, Contract and Types of Contract. The notes are short and precise and easy to understand.