Conpomale Lojat Fromewonk Unt-1 > Gosiness laws t- Business lav, also called commercial (aco 0 mencanttte Lace, {Be body of ales ewhethe by Convention, agseerment, ogy Ralions Cy entennattonad — le ‘Slalton, go ming the dealings rete pessons in Commentol rmattens Types F- ee law = Employencnt Law = labor [ao = Tate lle ct vad Properties ~ Secvsrtt?es tow Fax law. > Business Laws an Indtas- = Indian Contyact abI8Fr - as tnenship ack, 1932 ~ ‘Companies Ack» Jar¢ and Latest armendment. Qoi3 - Sale of gore? act 1930 - Consomen nolecton act, 1986 - Umiled frabill parénenshsp act, Qoog - Neyoltable fnstyument ack, 19g) = Sion cance Haintenance of equilibrium less Ronce f Paavd s ° presence of ethicad Conduct molect seghtt of both consvmen and bosiney + A universod” Set of Standasds. & Scanned with OKEN Scanner Scanned with CamScanner5 sadiedd contact, [872 %- AN agmeemment enfos “cay fu 45 8 cone 7d the Indian Contract pet brs ngs cuifin %5 ambit Re Contra Ctual wishes Ap, Pave been gnanted lo Ue Glidens op “ “the Indian Contact act, (879 «ad uel on Ath ppmil, 1879 C ack 9 of 1872) and Sobsequen Came ‘nto fonce on t Pinst doy of Sep 13% > = Contyact: 9 contaact ts Voluntary Hw {wo on mone QS aN Vem anties that 5 $ by Jaw as a bent ¢ jo rogues ble + Essentials of valed “contiact :- ~ offesr - Acceptance | - Consent | - lawful object | - Constdexatton ss capactey of Pasties ~ Legad ‘qelattonshep. * Tyres of contaacts- > Fon CHeation ~ Expsess * Tmpsied ~ Qoas? > Fon execution - CxeCoted 2 poxely executed > For enfenabs tie - Varies contaack - Void contract - Voidable contsact > Inkeqnad Contract - ongnfoned - Legod & Scanned with OKEN Scanner Scanned with CamScannerPP pis chat @ off contracls- 2 Pee Oe me dy gu perfomance of mouloal Consent = pV Novation 5 ofsefaa e of boreach - tack of time = Recession. > penfonmoance of 2 Contyact s- the Leon ‘Dex - > PeMfoNMan’ 25 me of contvack” Means {Rot both , eo el ant te pmomisee Rave foifilied tfore mom’ Som » an obliga?» wheck the’ Conteact placed nes eck pon there: + Types 3 etval ~ Zupstantiad - Part > Remedies for break of contyact :- « Damages General, speapic, Nominal, ‘v?ndielive, ponttive Lgutd ated damages . speabic pesformance - Tnjonclton - Rexession = Quantum menit x geonding to Section lo of Ue conlyact act 1892," gu! aanecementt ane comtvach 26 thy on made. by Ae consent of the | partres, ompe - tent ~ to contsact, fon Q lawfl consi deat ion and arth a lavful object and rot Breve by oc lest to be void” : ~ HiSnepnesentation - rt ise false om misleads, Staternent om a matental omission obec Sendess othen séetement moftteadiag, GER intent dn decetue & Scanned with OKEN Scanner Scanned with CamScanner=> void and votdable Contsacts«?- , SR word Contract ?S considemed to bea Legal Con toatl that °s Fnvatid- Gtarting St 7 of rake votdable contyacl 45 alse a Segal “ contian | cofsch 35 dedoxed invalid by one of the kcoo antics » for costar if neasons. vet voidablc- | * Defined 39 Seelton 2G Geclton2Ci) « Natone ” ” valid valid Unbile Pasty aernds, | + Reasons Sobsequont illegally — panko 14 Yoke Sndypeni.g . Rash to pasty No ges ° Bust fosr damages > Acceptance pes aefeas to one Person's Cormp tance arth the berms of an offese made b ‘anothes. Aeeptane sy godged objectively, but ch esthen be ex a0 ssly stosted 0” Fmmphced by ihe ofPeree’s conduct ; c } yes i = Empress aaeptane r ~zmpkied acceptance ~ Corditionad ace ptone > Qeantom = menovit t- gvantum menuit means ‘' if aroont one desenves” on Cas muck as one S earned” Tn most Cases te denotes A. Claims fo97, @ veal -able 8vm Fn Nespect of Senvrces ay gods Supplied 40 (Rs. dependant. Heant Q Heasonable fom of mony wid to Q Pessorn fon Sevvices Nendesed cho {Pe amount % TF Specgied Fo a, legally enfirees - ble q@ntsact - 3 MH ie eS I cai f° Quin ss 4 + ghen a Contract %s foonde to be ont | ‘4 cofan OME pasty Beposes to pesposer ae Lagch 95 divisible j 3, ahen a Contract Pafoure but edly: ‘phen & Cont sact 4 & Scanned with OKEN Scanner Scanned with CamScanner- YVIGe~L ’ othe sale of jpods ack, 1930 :- Tut 1930 , Lanse tions Belating to Sale and purchase of gous pe megutate by the indian Contsact ack: 1879 ty 1930, Sections 76 bo 123 of the Irdtar act gc 1872 Gene nq laced and a sepainte d «the indian Sale of Goods pet, 1939” assed. rb comes Into fomce on 3S 5, : an Ps act extends to tbe whole of. mee excep& FAK + contvact of Sole of goods + 5b SQ conlyact te setlen teans fens 6n agzees to trans fey the tn goods 40 the buyen for a Price. Cont! property > Essential elements of a Conlyact of Saber an pelceoens | + Goods + price «+ Tyo pastia | + Transfer of ownensks + pil essentials of @ valid Contact of Sole © Drffemences blw Sale and agperpent to selle- ~ owonenshe - price , - got’ ane destroyed Resale — Reo . > condilions!- cextatn tenms, obligations, an moveseans ane Pmposed by éRe toyen and ne entering ant¥a Contrdet of Sde eee hee lo be 7 gauisgied, QhEch ona Comment, Known a) conditions AP Yee teed Conditions t i Pet ed Conditions §— Tq (&@ Scanned with OKEN Scanner Scanned with CamScanner=> Waxsanty t- 9 Waszanty %$ a gvayanice seas gen b 4: Seliem to the boven” about the: pails fitness and performance of to ps «Types f+ ie 5055 - affisrnative promiseog qoaltty - implied = Gvavanlee made » doesnot make pro « Fniclodiny mnerchan table- oxdinaxy pospese 8 ae to den = hartartis of filness - fremess fom Past cule > Transfer of properly act, 888% ete da Tndian leg tslatson @hech Bogulates tFe Leans| 8 prepen nN India. Tb Gre. %pte fox on ast July [882- i Accosding to tRe ack, ' teansfen eR Property? means an ace by RB a pecson® conveys PrOpely 10 one 032 mone PessonS, 0 : ced and ard one on moe othes pexsons. * Categories t- 21 Tenrmovable Propaty Cexduding Standing ttm rg Ceops.’ and goss) 2, movable prepenty. ae z bo cttonable Sats Clair < Prrepesty 7 THAN: ExRanye b Gi fe > Pexfenmane of a contract oP saler-zmay be defined as Performance of te mnesphicve duties of te setien and bye as Per Re xeems of the contsack. Tk class'hy fio pasts, Namely: + Selten's duty to “deltven (Be goods * Buyer's, duly. fo accppe the Gecda. and pay Ihe p> most jogs en ~. se lease & Scanned with OKEN Scanner Scanned with CamScanner4 1 meant _Ospeels 0 9 ds , pelsver P gee / mpl of the delsvery ayment icatd sellemt- Q seilen coho Bes rot Ne cervad 7 pou pre of Pe goods gold ts termed as the td geltem- Sale of goods act, (930 Sectton ed sit gnead abovt a Nigh of unpaid sellen. Uae gaight can be two gree They ane oJ 7 Selous Ors ageinst Goods * fe Agoinst Boye Rabies 0 onpatd Sellen Fon goods For Boyesr = Right to Ler ‘i Rone bo Sue fox price ~ stoppage in transit Frieexesk - Reght to Resell - Compensation pe pod Cntsact . > Negotfable tnstaume pt t- Negotiable frastroment ct 1881 hich govenns the opesations docs So withovt a sto Ye definition § Negotiable Fnstr- -ument but States ¢n Secon 13 Bat omilory Notes, brs of exchange and cheg vet P able esthay to ondin 0% 10 beasen ane Regotrable INS esoments, - Chasackemistics :- “Types © : > Freel Tran sfemable a promissory Note i ie Right of holden 2 Bill of exchanse * Better trtle J 3ichepus. © 4) Prnomese on ond & Scanned with OKEN Scanner Scanned with CamScannerD> Tnsolvent 2n Conbrack:~ Insolvency Defend bo Sgtualions Rene a debtor cant poy the debs tey owes fom Snstance, @ Lxoubled col may become Snsolunt Ghen $e fS unable HNepay Tad medilors money oconed On time, oftel, “ing oa. ban nup& Ping. : > Revocation of O conksack#- Cock nos Ix of (312 Revocation "6 9 Proposal Moy be Nevoked al any b%me before te commu nscalton of FF aceptance *5 comple Proposem, but not after wands. nike TE > The Indian pastnenship Het, 1932 t~ 9 Pastne. ship ts an assangement “¢n akich too 0% ro” endivideals hase” tbe propid and Sabrleties of a bosmess venture. thos, tn effet, a pastnership sm cannot -fave’ mone than so membens ~ essentials / Hasactesntsitcs :- Essenba'ss/ CrarascesusG - Fao om mone persons - Hgneement - (awfod — business - shastnng of propies Hovtvoe gery fet - Utmost a "Posh = unlinile Seavvility. —> Registration oF a postnenship:- ron pasine- — ship negisl vation, Re two ox mone people muit Come tgtife as pastness, agsee on a fim game andenter nfo a patinenskip, « pnocess 2- \ mole? t, selectton oP Name of parlneaship fis » ppply fon Re istration 3 Doaftirg of Toast nership Deed as qgainst tbe & Scanned with OKEN Scanner Scanned with CamScanner4, Sobrovl tke’ document q ‘s, apory for PAW & TAN of ftxm @ ‘a open Conent account in Name feats - Odvan tages t= + Easy of formation c plenbilil Pn ofesatton Effecttve Mgr . paytnens fave cpuod ough « Easy (0 Raise fondu. > Rends of Paziness - Active asinen - Slee pin Pasinen - Nominal Pastren \ - Paxtnen in @ of ees only - Hinon Q) Q pastnen - Poldso partnen. —> Reohis and abilities of parlness - -B Res t- + Right to Collect debts . pe to ack as agent + dihe of selisement « Righter of competing bodtness - Weabtuttes of @ pastnen to third pasétes :- + Uability of a pastnen fon acts of the fism . Liabiuty of the ftsm fos covong ft act of Q Payt + Labstity op the firm for rotd tart, by Pastress + Uabttety of an Incorntng pase ven « Leobility of a ell sips, Pastnen (@ Scanned with OKEN Scanner Scanned with CamScanner> Relattons of pasinens to thtsd patty =theond. pasty spaskners means any Cnuity, Company, on Sndzuedvols that acts fox av on bhatf of (Be Company , 9s pen seclion 18 $9 pastnenshipact , 9 past nexship $5.0 nelattonship Huo Pasiney!%® coo agmee lo shase 1Re progres of the businen. agent sepsesenes Res prenc; fo tbe tRisd “pasties.” 95 pen Sections 222 and 223, an agent has a Night to be ae Indemnified | by Res pminapadd ~ fon alt Chasges, expenses, 04 cane: tRat Be gncoxs dusing the Covase of 99°°Y Ped. pasty Ke \ Agent <—— printpal oS types of agen! gail TGeneval agent © - Speciod agent - Subagent t - agency Coupied eotth an. inteyest - “genvantC o Eroployee). Scope: To Intmoduce, Concdode, cox) othera’se deal orth contract , bly the Ptnape and cojtomey > Dissolulions- ‘Dissolving a pastnenship frre means dis conti ruin tbe business under UF name of the Said pastnenskip Prsm. ° Negotiable Pastnens chpastore Two ooys. : + By onden of mein seotthouk gntesvent” the Covst of the cust & Scanned with OKEN Scanner Scanned with CamScanneris lawful considesalion i- Defined as : oid bs one past fon tRe Bom _ neCe pera 5, © of ths othe Y er OO (tar) — (cor) > effec of Coenczons- - yotdable ob ike ception off oggnteved asly - Memand % Mestftulion- to give p, ‘ if. taken a” bac. benefit - Borden of proof Dies on aggrieved pasty _> Endomsement t- Endonsement» rneans $fanakore of the Rowden CA indivtdues coho Fas lacport gece? ved posse ston) made cotth obéect of [sansfeasing of document o - Blank @%) Genewad - Foll@r) speaad - Conditronal - ‘Restrictive. ont-1 | —> the consuinen protection Act, 1986 z- (68 of Ins6) auth Decemben; 1986. AN ack lo Provide fox bette protection op the Pntexests of consumers and for fal prepose to rake proviston fx Re estabushment of Consunen Coonald and othe, anthorili os fon te Settlement of consomeys dsspolo ond fon matters @nnected thane wortf,. <> consoment- A pesson oho purthased good and Savices fon pensonod use. Ri Rs to convmen t- - Right® lo consumen education = Recht Lo no tecled. ggoanst maxfet in Pig oP ie check are dangerou? +o tHe Depo & Scanned with OKEN Scanner Scanned with CamScanner= the RegB 4o be %nfosmed’ aboot the quality van lity, pre eke. 7 - The Reoht to be assvsed coheseven Possible, access “to vamcely of Goods Qt Competitive mMECeS - : j > unfain tyade practices *- on bnfoty trade mackice consists of Using various deceptive, fravduteot on Ob supicat 7 met odd to obéarn bustness. GE Snclodes mis sep tesentation, false advestising, tied selling and othen acd that ane detared untaw fol by Statute, TE can alse he Mefpened fo as, deceptive tyade practices: > Macktneng fon sedsessal of gutevances:- omy | equesean Se Gee - District fosor ~ Stale commission = National Comme ssion > powmens of vsedsessal fosoms te a Sraepini {Be Cases 2, Discover ng and Preducting an ine teat Bs Reces vin’ evidence @on affeda ueeu tence 4, Requesting fos sicport on’ best ae Pion LPe Concetned avlhontties and loboxatonies S, rssving commission for Czaming te cottnus > Essentias- Remedies to consum ess t- Q, Removol of Defects b Replacement of goods | & Refund on patce Jd» pwrsd Of compen Sat?on €, Removal of Depicency in Senvece ti, Poameng of Odeo vate Cost. c “ & Scanned with OKEN Scanner Scanned with CamScanner% 8, D featumes of Consume protect ton Act: 4) provision fon belle 3 Establishment of , Nolectiow Consvmen councils momotion of Tight ee dy — sedsessod mache nee) " pees effective Safe guasds. rite defn > The companted Act, Qol3 3-7 oper means a Company incoxporated onden thes Yack om onder ang 5, previous Company duo”. = Haxtmom No.of shase Poidess Jeo C prev ) - Concept of a one- pesson Company ~ Company law Appellate Tribunal & A Company law rxfbund) - CSR made mandatory: : = RisBes of Qizedors - Cpowes and Pottes) - Transfer of shaxes ‘ Recht to elect a chaisman \ - pbs (0 appetnt a managing Drrectoy gecommended div¢dend. > Kends of Shasest- = oxdinax sPoxes I = effec ondinary ‘shares ~ Non Votin ondinary sBaxes ~ Reedeemadie Shares / ~ pcfere nce Shaves = ‘complative Prcferene shoxe) - Redeemable prsfererce SBases > Mop: - Name Clavse Dbjective clause = Regi stoned of Pice Clause - Lrabruty clause Ee objective Clause = capztad™ Clause ~ 4 faeese Assocat on ch & Scanned with OKEN Scanner Scanned with CamScanner> Nakume of Companies t-CHinds) j A, volun taxy Association? 3 TACosposalion 3 pmlifcl exson 4, Sepasate entil Si per petood ExiTten@ 6s Common §eal J Tansfena bility of sheses & United Liabriity 9, DePfosed ouones she . d22 Gepasation of owneas ip from ronge * 905 :- 4) fom a docoment that Specefies ie regulations fon a company's) operatiens ond dafits eRe company’s Pri pose. * Contents & sectors es sRaxe capttal | Genesal meetin Lien of Shares Saxe ?nto Stock, Convession voting négh4 Winding op of the Gompany > Gnding LPI winding up Nefers to closing be operations of a “business, Selltn: off assets, Poying off Ceeditoss, and dither Any jematning assets fo the ownerse owe Pe cain YP Pnocets 79 complete, the dtHoluton S Fey comes ‘nfo flag 1 + Compbisery winding op Voluntasy ey & Scanned with OKEN Scanner Scanned with CamScanner