1.To understand the pros and cons of Mergers and Acquisitions.2.To understand the legal formalities undertaken in the acquisition process.
WHAT IS LAW?
Law denotes rules and principles either enforced by an authority or self imposedby the members of a society to control and regulate people’s behavior with aview to securing justice, peaceful living and social security.
Mercantile law is that branch of law which comprises law concerning trade,industry and commerce.
INDIAN CONTRACT ACT, 1872
is an exchange of promises between two or more parties to do or refrainfrom doing an act which is enforceable in a court of law. Section 2(h) defines a contractas an agreement enforceable by law.Contract= Agreement + Enforceability at law