LAW GENERAL UNIT-4 CHAPTER-1 CONSTITUTION & LAWS OF CONTRACT
COMPLETE E-BOOK
UNIT-4
CHAPTER-1
WHAT IS THE MEANING OF THE CONSTITUTION?
Almost everything we do is governed by some set of rules. Like there are rules for games (for example- soccer), for social clubs and for adults in the workplace. There are also rules imposed by morality and custom that play an important role in telling us what we should and should not do.
For example- In the game of soccer, a referee has “full authority to enforce the Rules or Law of the Game on the Players”, when a player do something against the Rules referee takes action like send-off a player.
- Some rules that are made by the legislatures (also known as Lok sabha/Rajya
Sabha in India), for their own country, are called “Law”.
- We need Laws in Society so our society can regulate and work properly. They are designed to protect us and our property and to ensure that everyone in society behaves the way that the community expects them………….. READ MORE
THE INDIAN CONTRACT ACT SALIENT FEATURES
OBJECTIVE OF THE ACT
The Objective of the Contract Act is to ensure that the rights and obligations arising out of a contract are honored and that legal remedies are made available to an aggrieved party against the party failing to honor his part of the agreement. The Indian Contract Act makes it obligatory that this is done and compels the defaulters to honor their commitments.
The Act as enacted originally had 266 Sections, it had a wide scope and
General Principles of Law of Contract – Sections 01 to 75
A contract relating to Sale of Goods – Sections 76 to 123
Special Contracts- Indemnity, Guarantee, Bailment & Pledge and Agency – Sections 124 to 238
Contracts relating to Partnership – Sections 239 to 266
At present the Indian Contract Act may be divided into two parts:
Part 1: deals with the General Principles of Law of Contract Sections 1 to 75
Part 2: deals with Special kinds of Contracts such as
Contract of Indemnity and Guarantee
Contract of Bailment and Pledge
Contract of Agency.…………….. READ MORE
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