CONTRACTS
A contract is an agreement between two or more person which is enforceable by law
as per sec 2 h of indian contracts 1872
an agreement can be legal or illegal purpose but a contracts is made only for legal purpose
Void contracts- the contracts which cant be enforceable (accepted) by the law is a void contracts.
A sell his horse to B .after few days horse died. But B cannot claim for this case bcoz their contract does not says about horse life. so it is void
Voidable contracts- An agreement which is enforceable by law by any one of two parties is voidable contract.
A wants to kill B if he does not sell his horse for rs 1000. the claim can be voidable of B.
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Law is the body of principles recongnised and applied by the state in the administration of justice.
Commercial law include the law applicable to the ordinary transactions of merchants bankers and traders and denotes that branch of the law which relates of property and the relations of persons engaged in commerce.
A contract is an agreement between two or more person which is enforceable by law
as per sec 2 h of indian contracts 1872
an agreement can be legal or illegal purpose but a contracts is made only for legal purpose
Void contracts- the contracts which cant be enforceable (accepted) by the law is a void contracts.
A sell his horse to B .after few days horse died. But B cannot claim for this case bcoz their contract does not says about horse life. so it is void
Voidable contracts- An agreement which is enforceable by law by any one of two parties is voidable contract.
A wants to kill B if he does not sell his horse for rs 1000. the claim can be voidable of B.
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Law is the body of principles recongnised and applied by the state in the administration of justice.
Commercial law include the law applicable to the ordinary transactions of merchants bankers and traders and denotes that branch of the law which relates of property and the relations of persons engaged in commerce.
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