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Hey, ✋ there your answer is _______,
⏩ Answer 1:
A contract that is "void" cannot be enforced by either party., The law treats a void contract as if it had never been formed. A contract will be considered void, for example, when it requires one party to perform an act that is impossible or illegal.
A "voidable" contract, on the other hand, is a valid contract and can be enforced. Usually only one party is bound to the contract terms in a voidable contract. The unbound party is allowed to cancel the contract, which makes the contract void.
▶ Essential Elements of a Valid Contract
➡ Business contracts are an essential part of conducting business and it’s important if your business operates online. The business contract keeps the work legitimate and protects both parties. It’s essential that both parties agree to the terms outlined in the contract and acknowledge their agreement with a genuine signature. For every deal that requires, you to conduct a different task for your client, you need a business contract. Some clients may not prefer, but this is a procedure that ensures both parties keep to their end of the deal. A business contract also provides a sense of security to both parties to knowing they are on “common ground" in regards to the business relationship. A well thought out contract helps alleviate potential problems by addressing them before they actually take form.
➡ FOUR COMMON TYPES
Business contracts are created to suit the situation and on an “as needed basis", for instance:
↪Work-for-Hire
↪Confidentiality or Non-Disclosure
↪Non-Compete
↪Service Agreement
CONTRACT ELEMENTS:
To distinguish contracts from other types of promises and agreements, courts have established basic elements that are necessary for a contract to exist. A contract may be legally defined as a voluntary, legal, written agreement made by persons with the proper capacity. It should include:
(1) An offer
(2) An acceptance
(3) Consideration, or an exchange of values.
⏩ Answer 2:
General responsibility of a railway administration as carrier of goods.
Save as otherwise provided in this Act, a railway administration shall be responsible. for the loss, destruction, damage or deterioration in transit, or non-delivery of any consignment, arising from any cause except the following, namely.-
(a) act of God;
(b) act of war;
(c) act of public enemies;
(d) arrest, restraint or seizure under legal process;
(e) orders or restrictions imposed by the Central Government or a State Government or by an officer or authority subordinate to the Central Government or a State Government authorized by it in this behalf;
(f) act or omission or negligence of the consignor or the consignee or the endorsee or the agent or servant of the consignor or the consignee or the endorsee;
(g) natural deterioration or wastage in bulk or weight due to inherent defect, quality or vice of the goods;
(h) latent defects;
(i) fire, explosion or any unforeseen risk:
Provided that even where such loss, destruction, damage, deterioration or non-delivery is proved to have arisen from any one or more of the aforesaid causes, the railway administration, shall not be relieved of its responsibility for the loss, destruction, damage, deterioration or not delivery unless the railway administration further proves that it has used reasonable foresight and care in the carriage of the goods.
⏩ Answer 3:
Dissolution of a partnership refers to the discontinuance of the relation between partner and other partners of the firm. Dissolution of firm implies that entire firm ceases to exist, including the relation among all the partners. Business of the firm comes to an end. Continues to exist but in a changed form.Mar 20, 2017
⏩Answer 4:
a) Memorandum of Association (MOA) is a legal document prepared in the formation and registration process of a limited liability company to define its relationship with shareholders. The MOA is accessible to the public and describes the company’s name, physical address of registered office, names of shareholders and the distribution of shares. The MOA and the Articles of Association serve as the constitution of the company. The MOA is not applied in the U.S. but is a legal requirement for limited liability companies in European countries including the United Kingdom, France and Netherlands, as well as some Commonwealth nations.
⏩ Answer 1:
A contract that is "void" cannot be enforced by either party., The law treats a void contract as if it had never been formed. A contract will be considered void, for example, when it requires one party to perform an act that is impossible or illegal.
A "voidable" contract, on the other hand, is a valid contract and can be enforced. Usually only one party is bound to the contract terms in a voidable contract. The unbound party is allowed to cancel the contract, which makes the contract void.
▶ Essential Elements of a Valid Contract
➡ Business contracts are an essential part of conducting business and it’s important if your business operates online. The business contract keeps the work legitimate and protects both parties. It’s essential that both parties agree to the terms outlined in the contract and acknowledge their agreement with a genuine signature. For every deal that requires, you to conduct a different task for your client, you need a business contract. Some clients may not prefer, but this is a procedure that ensures both parties keep to their end of the deal. A business contract also provides a sense of security to both parties to knowing they are on “common ground" in regards to the business relationship. A well thought out contract helps alleviate potential problems by addressing them before they actually take form.
➡ FOUR COMMON TYPES
Business contracts are created to suit the situation and on an “as needed basis", for instance:
↪Work-for-Hire
↪Confidentiality or Non-Disclosure
↪Non-Compete
↪Service Agreement
CONTRACT ELEMENTS:
To distinguish contracts from other types of promises and agreements, courts have established basic elements that are necessary for a contract to exist. A contract may be legally defined as a voluntary, legal, written agreement made by persons with the proper capacity. It should include:
(1) An offer
(2) An acceptance
(3) Consideration, or an exchange of values.
⏩ Answer 2:
General responsibility of a railway administration as carrier of goods.
Save as otherwise provided in this Act, a railway administration shall be responsible. for the loss, destruction, damage or deterioration in transit, or non-delivery of any consignment, arising from any cause except the following, namely.-
(a) act of God;
(b) act of war;
(c) act of public enemies;
(d) arrest, restraint or seizure under legal process;
(e) orders or restrictions imposed by the Central Government or a State Government or by an officer or authority subordinate to the Central Government or a State Government authorized by it in this behalf;
(f) act or omission or negligence of the consignor or the consignee or the endorsee or the agent or servant of the consignor or the consignee or the endorsee;
(g) natural deterioration or wastage in bulk or weight due to inherent defect, quality or vice of the goods;
(h) latent defects;
(i) fire, explosion or any unforeseen risk:
Provided that even where such loss, destruction, damage, deterioration or non-delivery is proved to have arisen from any one or more of the aforesaid causes, the railway administration, shall not be relieved of its responsibility for the loss, destruction, damage, deterioration or not delivery unless the railway administration further proves that it has used reasonable foresight and care in the carriage of the goods.
⏩ Answer 3:
Dissolution of a partnership refers to the discontinuance of the relation between partner and other partners of the firm. Dissolution of firm implies that entire firm ceases to exist, including the relation among all the partners. Business of the firm comes to an end. Continues to exist but in a changed form.Mar 20, 2017
⏩Answer 4:
a) Memorandum of Association (MOA) is a legal document prepared in the formation and registration process of a limited liability company to define its relationship with shareholders. The MOA is accessible to the public and describes the company’s name, physical address of registered office, names of shareholders and the distribution of shares. The MOA and the Articles of Association serve as the constitution of the company. The MOA is not applied in the U.S. but is a legal requirement for limited liability companies in European countries including the United Kingdom, France and Netherlands, as well as some Commonwealth nations.
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