Law of Contract
M Shafiq ur Rehman Dab
Advocate High Court
Definition of Contract
An agreement between the two parties,
creating rights and duties between them
and which is enforceable by law.
Section 2 (h) of the contract Act defines the
contract as an a
Sales of Goods Act 1930
Contract of Sale of Goods
A contract whereby the seller transfers or
agrees to transfer the property in goods
to the buyer for price Section 4(1).
Essentials of a Contract of
Buyer and seller
Transfer of property
Chief Executive Officer (CEO)
CEO is the Big Boss of a Company.
Appointment of First CEO
Every company must have a CEO.
The directors of a Company have to appoint
any Natural Person as First Chief Executive of
Company, with in 15 days of its incorporation
Director of Company
The directors control the affairs of the
Who can be a Director?
Never previously Convicted
The requirement of being
member, does not apply to the