Business Law can be defined as that branch of legal system that regulates business activities and guarantees an orderly conduct of business affairs and settlement of legitimate disputes in a just manner. Define the Sale of Goods Act ? The Sale of Goods Act is an Act to define and amend the law relating to the sale of goods. It also governs the contracts relating to sale of goods. This Act applies to the whole of India except the State of Jammu & Kashmir. It came into force on 1st July 1930.
The contracts for sale of goods are subject to the general principles of the law relating to contracts i. e. the Indian Contact Act. A contract for sale of goods has, however, certain specific features such as, transfer of ownership of the goods, delivery of goods rights and duties of the buyer and seller, remedies for breach of contract, conditions and warranties implied under a contract for sale of goods.
Stocks, shares and securities. 3. What is meant by the term-price? Ans: Price means the money consideration for a sale of goods. If goods are given without any consideration, the transaction amounts to a gift but not a sale of goods. Similarly, exchange of goods for others without any consideration amounts to a barter or exchange. Thus money is the only consideration for sale of goods. 4. What is Document of title to goods?
Even when such a right is expressly so reserved, the seller can employ only one, and not more than one person to bid at the auction on his behalf. g. Where the sale is not notified to be subject to a right to bid on behalf of the seller, it is not lawful for the seller to bid himself, or employ any person to bid, and if does so, the buyer may treat the sale as fraudulent. h. The sale may be notified to be subject to a reserve or upset price. i. If the seller makes use of any pretended bidding to raise the price, the sale is voidable at the option of the buyer.
The Term Paper on The Unfair Contract Terms Act 1977
In the present essay the problem covered will be The Unfair Contract Terms Act 1977, known as UCTA and the Unfair Terms in Consumer Contract Regulations 1999, known as UTCCR. As things stand at present, consumers are faced with two pieces of legislation in a vital area of contracts. The main areas analysed will consist of a historical background of the Act and the Regulations, a comparison between ...
