The Indian Mercantile Laws-The Indian Contract Act 1872-CA Foundation,CA-Cpt,CA-Ipcc

-

                Indian Mercantile Laws


Indian Mercantile Laws is an outcome of British Law with the modification as necessitated by the condition remaining in India.It also known as commercial,business law.

This law covers various Acts such as:
⇒ The Indian Contract Act 1872
⇒ The Sale of Goods Act 1930
⇒ The Partnership Act 1932
⇒ The Companies Act 1956;etc


           The Indian Contract Act 1872


The Indian Contract Act 1872 is so much infused in our daily life that it affects all of us,for every purchase that one does,or a ride one takes in a bus and many other transactions of our daily life.

The Law of contracts seeks to regulate the behaviour of persons who make contracts.It also determines the circumstances under which a promise or an agreement shall be legally binding on the person making it.

The Act came into force on 1 september 1872,it is applicable all over the country excluding Jammu & Kashmir (as it is given a position of special state). This law is ubi jus,ibi remedium i.e. where
there is a right,there is a remedy. 

Here below one video is their which will help you to get basic of this law:-


Thanks for Reading this post follow this blog to remain update,,,!!

Comments

Post a Comment

Popular posts from this blog

Love is what ? Is All About Being Unbiased!!

-
Image
                 Love is what  ? Is All About Being Unbiased!!                                                                                                 Love means being unbiased it  is pure like flowing water of a lake,it is clear like crystal,it is tough like a rock.It means no demand no complain,is free from all kinds of boundary and limits. It is just not a attachment with someone is more above than attachment,it is supreme condition with someone where you feel holiness, selflessness,remain happy with no reason,your time flows away like flowing water. It is all about being loyal with someone with whom you feel secured and get attached.Here is what you can say,"Spoil Me With Loyalty,I can Finance Myself".                                             *Is Fulfilling Condition Is Love:-If you are in a relationship with your beloved one and fulfills all her/his condition and demand is love? Not at all,love just not means fulfilling conditions and demands,
Read more

Decoding India's 2024 Election: Insights and Analysis on the Political Landscape

-
Image
  D ecoding India's 2024 Election: Insights and Analysis on the Political Landscape.   Default (GPT-3. Introduction The year 2024 holds immense significance for India as it gears up for another crucial election season. The Indian political landscape is characterized by its diversity, complexities, and dynamic shifts. In this comprehensive article, we delve into the upcoming election in India, exploring the key players, emerging trends, and factors that are likely to shape the outcome. Join us as we navigate through the electoral dynamics and shed light on what lies ahead for the world's largest democracy. Understanding the Political Landscape As we approach the 2024 election in India, it becomes imperative to comprehend the evolving political landscape. The incumbent government's performance, economic indicators, social policies, and geopolitical alignments are all factors that influence the electorate's decision-making process. Additionally, regional and state-specific
Read more