23Nov 2018 by admin

10 Essential Elements of a Valid Contract in Business Law

Trade
Essential elements of a valid contract in business law are explained below:According to Sec. 10, “All agreements are contract if they are made by the free consent of parties competent to contract for a lawful consideration and with a lawful object and are not expressly declared to be void.”Thus, Sections 2(h) and 10 of the Act state that there are some essential elements of a valid contract. If any of these elements is not satisfied by an agreement, it will affect the validity and will not form a valid contract. Image Source: 185.26.182.219 ADVERTISEMENTS: On analysing the contents of Sec. 10. It is revealed that the following are the essentials of a valid contract:-1. Offer and acceptance.2. Legal relationship. ADVERTISEMENTS: 3. Consensus-ad-idem.4. Competency of parties.5. Free consent.6. Lawful consideration. ADVERTISEMENTS:…
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23Nov 2018 by admin

11 Guiding Principles of Environmental Studies

Economic Development
The guiding principles of environmental education are as follows:(i) Environmental education should be continuous and compulsory, right from the pre­school to all formal as well as non-formal higher levels. ADVERTISEMENTS: (ii) Environmental education should have an interdisciplinary approach.(iii) The environment must be considered in its totality (i.e. a functional system composed of organised, interacting and independent parts). Image Source: i.ytimg.com(iv) Environmental education should promote the value and necessity of examining the major environmental issues from the local, national, regional, and international point of view.(v) Environmental education should emphasize the necessity of seeking international co-operation in environmental planning, prevention and control of environmental problems. ADVERTISEMENTS: (vi)Environmental education should emphasize the complexity of environmental problems and the need to develop critical thinking and problem-solving skills.(vii) Environmental education should emphasize the importance of…
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23Nov 2018 by admin

18 Important Agreements which are Opposed to Public Policy in India – Explained!

Trade
Some of the agreements which are opposed to public policy are as given ahead:- Agreements 1. Agreements trading with enemy: An agreement made with an alien enemy in times of war, if it helps or aids the economy of the enemy country will be opposed to public policy and so unlawful. The contracts which have been entered into before the outbreak of war are either suspended or dissolved. Image Source: delawareemploymentlawblog.com 2. Agreements interfering with course of justice: Use of improper influence of any kind on the judges or officers of justice is unlawful. 3. Agreements in restraints of legal proceedings: Under Section 23, “If a party to an agreement is restricted absolutely from enforcing his rights or in respect of any contract, by the usual legal proceedings in the…
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23Nov 2018 by admin

5 Important Rules Relating to Time, Place and Manner of Performance under Indian Contract Act

Trade
Important rules relating to time, place and manner of performance are given below:So far as the time and place of performance of a contract is concerned, it must be agreed upon by the parties to the contract themselves. Sections 46 to 50 lay down rules in this regard. Rules 1. Performance within a reasonable time (Sec. 46): Sec. 46 states that “Whereby the contract, a promisor is to perform his promise without application by the promisee and no time for performance is specified, the engagement must be performed within a reasonable time.”What is a “reasonable time?” is a question of fact. It depends upon the circumstances of the case, the usage of trade or the intention of the parties at the time of entering into the contract. Image Source: anizaima.files.wordpress.comExample:Supply…
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22Nov 2018 by admin

9 Important Circumstances under Which an Agent is Personally Liable for the Acts of his Principal

Trade
1. Named principal:When the agent contracts as agent for a name principal, the principal is:(a) Bound by all the acts of the agent. ADVERTISEMENTS: (b) Liable when the agent exceeds his authority(c) Bound by the notice. Image Source: southingtonschools.org 2. Unnamed principal: In this case the principal will be liable for the contract made by the agent unless there is a trade custom making the agents personally liable. 3. Undisclosed principal: The agent become personally liable and can be sue and be sued in his own name. Personal Liability of Agent: The general rule is that an agent cannot be made personally liable for the contracts entered into by him on behalf of his principal; neither is he personally bound by them.The circumstances under which an agent is personally liable…
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22Nov 2018 by admin

641 Words Essay on Crimes in Cities

Budget
With the rapid urbanization and development of big cities and towns, the graph of crimes is also on the increase. This phenomenal rise in offences and crime in cities is a matter of great concern and alarm to all of us. There are robberies, murders, rapes and what not.The frequent and repeated thefts, burglaries, robberies, murders, killings, rapes, shoplifting, pick pocketing, drug- abuse, illegal trafficking, smuggling, theft of vehicles etc., have made the common citizens to have sleepless nights and restless days. They feel very insecure and vulnerable in the presence of anti-social and evil elements. The criminals have been operating in an organised way and sometimes even have nationwide and international connections and links.The political links of the criminals have complicated the matters. Kidnappers, rapists, murderers, smugglers and such…
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22Nov 2018 by admin

1000 Words Essay on Importance of Games and Sports

Budget
All work and no play make Jack a dull boy. Ames should form an integral part of our life for its proper development. Sound mind resides in sound body. Physical fitness is a must. For health and physical fitness games and sports are essential. All young men and women in schools, colleges, universities and training institutions should play games.Even business executives and others engaged in serious and very responsible activities should play some game in their spare time. It is necessary for their good health, physical fitness and mental alertness.A proper balance should be maintained between work and games. Work would become burden it there are no games and sports. A fair amount of physical exercises, games and sports should form an essential part of our daily life and routine.…
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21Nov 2018 by admin

14 Most Essential Parts of a Business Letter – Explained!

Trade
Parts of Letter 1. Heading: The heading which is also known as ‘head address’ or ‘letter head’ contains information relating to the name of the organisation and its address. It is usually given at the top centre or top right side of the paper. Following information are provided in the heading. Image Source: images.slideplayer.comThe firm’s name, addresses, trade mark, telephone number, telex number E-mail address, date etc. 2. Reference number: He number which the receiver refers in all future correspondence is called Reference Number. It is usually printed below the date line or on the same line where the date is written to the right margin. ADVERTISEMENTS: The purpose of reference number is to enable replies to be linked with (he previous correspondence and to send replies to these letters…
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21Nov 2018 by admin

284 Words Short Essay on Science A Blessing or A Curse

Trade
The modern age has provided us with many wonderful inventions and discoveries of science. The world has changed tremendously by its contributions in every walk of life. It has increased the comforts and made domestic life easy giving men more time for leisure.Industries are giving finer and greater number of outputs in lesser time. It has also helped in boosting the agricultural yields and preserving the same over a longer period of time. With the use of various machines, equipments and gadgets, trade and business has accelerated.Electricity in itself is a great wonder of science. It is the essence of mechanical functioning. Communication is made quick and easy by various instruments and travelling has become comfortable by the use of variety of vehicles on land and seas as well as…
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21Nov 2018 by admin

307 Words Short Essay on Life in a Big City

Housing
Life in a big city is often said to be very tiring. It is because distances are long and those who have to go some other place for the purpose of purchases, seeing some relative or friend or work, have to remain on the road for a long time, sometimes, for hours together.There is too much traffic on the roads in a big city. There is always the possibility of an accident if we loosen the grip over our vehicle even for a moment. Then there is so much pollution in a big city. So many vehicles which run on petrol or diesel pollute the atmosphere. There is also so much noise on the roads and in markets.There is also an acute housing problem in a big city. Many people…
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