March 21, 2013 - by admin. 1787 Words 8 Pages. 513), the Tax Code allowed the exempt organizations to own and operate unrelated businesses without being subject to any income tax. BUSINESS CASE STUDY OF CONTRACT LAW. Case Laws: I. Harnath Kumar v. Indar Bahadur Singh II. CASE STUDIES: 1: Represented Defendant in a Suit for Breach of Contract on Promissory Note Particulars Page No. In 1999 Sign in Register; Hide. iii List of Cases Abdul Kafoor and Anr. Breach of Contract occurs when a party to a contract fails to fulfill his or her obligation as described in the contract or communicates an intent to fail the obligation or otherwise appears not to be able to perform his or her obligation under the contract. The Transfer of Property Act, 1882 The Indian Contract Act, 1872 Civil Procedure Code (CPC), 1908 . As per the section 3 of the Contracts law 1999, the promissory may save her in this case. 12. Answer all 4 questions. 511- IRC Sec. In the first case the Contracts Law 1999 and the Sale of Goods act 1979 may be used. Conclusion 16 University. 1. Revenue Act Of 1950 Case Study; Revenue Act Of 1950 Case Study. Business law (FGLUL2023) Academic year. Answer • APPLICATION – In this case only the mother and Mary provide consideration whereas the brothers did not provide any consideration. Before the enactment of Revenue Act of 1950 (IRC Sec. DETAILED CASE LAW STUDY INDIAN CONTRACT ACT, 1872 Yashvardhan Bansal (14B178) TABLE OF CONTENTS S. No. Consent is said to be free when it is not caused by coercion, undue influence, fraud, misrepresentation and mistakes according to Section 14 of Contracts Act 1950. Universiti Utara Malaysia. [15 marks] Answer: Misrepresentation refers to a circumstance where a person is induced to enter into a contract partly or entirely by untrue information made by the other party. Sale of Goods Act Case Study. Executive Summary 4 3. Margaret owned an antique store that specialised in rare porcelain dolls. Introduction 2 2. However, according to the Section 2 of the Contract Law 1999, the third party that is Richard may apply that the liability of this loss lies entirely with the manager Emma. Gopal Saran Narain Singh v. Sita Devi 6 9 13 4. Publikované: 2. When she opened the business in 1989, it was at a shop in an eastern suburb of Melbourne. As per the facts of the case, the company issued an advertisement in a newspaper about its product, “the smoke ball” a preventive medicine against influenza. As accordance to Section 2(d) of Contract Act 1950 and the case of Venkata Chinnaya v. Verikatarama’ya’, consideration can move from the promisee or any other person. QUESTION. Show More. The case of Carllil vs. Carbolic Smoke Ball Co. is an illustration of a contract arising out of a general offer. 1. Law:-Section 17(a) Contracts Act 1950-“Fraud” includes the following acts committed by a party to a contact, or with his connivance , or by his agent, which intent to deceive another party thereto or his agent, or to induce him to enter into the contract: the suggestion, as to a fact, of that which is not true by one who does not believe it to be true. A voidable contract is one where one party has a choice of either continuing with the contact or rescinding the contract: section 2 (j). no tittle page preface introduction case name fact issues judgement formation of contract how contract of sale can be made subject matter pricing capasity terms. With reference to the Contracts Act 1950 and relevant cases, discuss the circumstances and elements of misrepresentations which cause a contract to be voidable. 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