Define contract? Discuss the essential elements of a valid contract?
Law of contract is not the whole of law of agreement nor whole law
obligation. Discuss enumerating the essentials of a valid contract?
The parties to a contract in a essence
Q Write a short note on Peels Case.
Ans: Certificate of incorporation: (section 35) A certificate of incorporation given by the
Registrar in respect of a company (i.e., R.O.C) is conclusive evidence that all the requirements
of a companies Act have been c
Q. Define a company. Explain the characteristics features of a company?
Ans: According to section 3(1)(i) of the companies Act, 1956, A company means
formed and registered under this Act, (or) an existing company.
Definition: A company is a voluntary asso
Write a short note on WAGER.
A wager is an agreement between two parties by which one party
promises to pay money (or) moneys worth an the happening of soma uncertain
event, in consideration of the other parties p
Q. What is a corporate veil? When it is pierced?
Ans: A company is a legal person distinct from its members and enjoys the
privileges of limited liability, perpectual succession, corporate personality etc.,
however in certain circumstances, this corporate
Define offer (OR) proposal? Explain the legal rules as to a valid offer
also discuss the law relating to communication of offer and revocation
According to section 2(a) of Indian contract act, 1872, defines offer as
when one per
Q. Explain the differences between a company and partnership?
Ans: The principle differences between a company and a partnership are as
It is regulated by companies Act,
partnership Act, 1932.