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	<title>Corporate Legal Environment &#8211; StudiousGuy</title>
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		<title>Offer: Meaning, Types &#038; Rules</title>
		<link>https://studiousguy.com/offer-meaning-types-rules/</link>
		
		<dc:creator><![CDATA[StudiousGuy]]></dc:creator>
		<pubDate>Mon, 15 Jun 2015 10:53:28 +0000</pubDate>
				<category><![CDATA[Corporate Legal Environment]]></category>
		<category><![CDATA[Rules of a Valid Offer]]></category>
		<category><![CDATA[Types of Offer]]></category>
		<guid isPermaLink="false">https://studiousguy.com/?p=291</guid>

					<description><![CDATA[Meaning A contract lies on the basic block called OFFER. An Offer is usually understood as a Proposal. According to Section 2(a) of the Contract Act- &#8220;An individual is said to have made the offer when he implies to another his readiness to do or to avoid doing anything with a perspective to getting the consent of that other to such act or restraint.&#8221; Parties The parties involved in offer are:- Offeror- The person who is making an offer to other is called Offeror or Propose. Offeree- The Person to whom the offer has been made is called Offeree or ]]></description>
		
		
		
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		<title>Discharge of Contract</title>
		<link>https://studiousguy.com/discharge-of-contract/</link>
		
		<dc:creator><![CDATA[StudiousGuy]]></dc:creator>
		<pubDate>Sun, 14 Jun 2015 09:27:31 +0000</pubDate>
				<category><![CDATA[Corporate Legal Environment]]></category>
		<category><![CDATA[Breach of Contract]]></category>
		<guid isPermaLink="false">https://studiousguy.com/?p=249</guid>

					<description><![CDATA[Definition Discharge refers to end of contractual relationship between the parties. The agreement stops to work i.e. at the point when the rights and commitments under the agreement end. As per Sections 73-75 of the Contracts Act, an agreement may be released in a few modes. They are as per the following:- Discharge by execution Discharge by Mutual agreement Discharge by Impossibility Discharge by Operation of Law Discharge by Lapse of time and Discharge by Breach of the contract Execution or Performance The undeniable method of Discharge of an agreement is by execution, where the parties have done whatever was ]]></description>
		
		
		
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		<title>Contract of Indemnity</title>
		<link>https://studiousguy.com/contract-of-indemnity/</link>
		
		<dc:creator><![CDATA[StudiousGuy]]></dc:creator>
		<pubDate>Sun, 14 Jun 2015 09:22:11 +0000</pubDate>
				<category><![CDATA[Corporate Legal Environment]]></category>
		<guid isPermaLink="false">https://studiousguy.com/?p=247</guid>

					<description><![CDATA[In this section we shall understand the concept of “Contract of Indemnity”. ‘Contract of Indemnity’ falls under the ‘Indian Contract Act, 1872’ in Section 124. It is considered as a special type of Contracts But before that we need to understand what ‘Indemnity’ means. Indemnity is basically a protection or security against a loss/probable loss. In layman terms we call it Insurance. Insurance gives the individual/company a sort of a protection against loss or damage. The protection could be financial or otherwise. Scenario Kabir owns a car. He approaches BDN Insurance Company to provide insurance for his car in case ]]></description>
		
		
		
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		<title>Contract of Guarantee</title>
		<link>https://studiousguy.com/contract-of-guarantee/</link>
		
		<dc:creator><![CDATA[StudiousGuy]]></dc:creator>
		<pubDate>Sun, 14 Jun 2015 09:15:39 +0000</pubDate>
				<category><![CDATA[Corporate Legal Environment]]></category>
		<guid isPermaLink="false">https://studiousguy.com/?p=245</guid>

					<description><![CDATA[Taking risks doesn’t sound good. But what if the risks were calculated? Life never provides any sort of guarantee; but what if some things in life were guaranteed? Legally? Let us understand how. The Indian Contract Act, 1872 has provisions for a ‘Contract of Guarantee’ under its section number 126. In the legal language, “Section 126 of the Indian Contract Act, 1872, says that a Contract of Guarantee is a contract to perform the promise or discharge the liability or a third person in case of his default.” We shall understand this by breaking up the stated definition. A Guarantee could ]]></description>
		
		
		
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		<title>Remedies for Breach of Contract</title>
		<link>https://studiousguy.com/remedies-for-breach-of-contract/</link>
		
		<dc:creator><![CDATA[StudiousGuy]]></dc:creator>
		<pubDate>Sun, 14 Jun 2015 09:12:13 +0000</pubDate>
				<category><![CDATA[Corporate Legal Environment]]></category>
		<guid isPermaLink="false">https://studiousguy.com/?p=243</guid>

					<description><![CDATA[When there is a breach of contract between the parties, there are possibly two solutions for them:- Take an action for breach of the contract or Take an action for specific performance of the contract Compensation for breach of contract:- For the pay in the breach of contract, there will also be two ways, which are- Compensation for loss (damage) due to breach of contract The most suitable remedy for the breach of contract can be Damages. When any contract is breached between the parties then one is the sufferer among them. The party that suffers because of the breach ]]></description>
		
		
		
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		<title>Free Consent</title>
		<link>https://studiousguy.com/free-consent/</link>
		
		<dc:creator><![CDATA[StudiousGuy]]></dc:creator>
		<pubDate>Sun, 14 Jun 2015 09:03:56 +0000</pubDate>
				<category><![CDATA[Corporate Legal Environment]]></category>
		<guid isPermaLink="false">https://studiousguy.com/?p=241</guid>

					<description><![CDATA[For a contract to be valid, it is necessary that the parties provide free consent to be terms. If the contract were not with free consent, the contract would be voidable by the other party whose consent was not taken or was not free. Consent is said to be free only when it is not entered by means of- Coercion Undue Influence Fraud Misrepresentation and Mistake Coercion (Section 15 and Section 72) Coercion refers to any of the following:- 1). Threatening to commit any act prohibited by the Indian Penal Code 2). Detaining not as per law or even threatening ]]></description>
		
		
		
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		<title>Capacity to Contract</title>
		<link>https://studiousguy.com/capacity-to-contract/</link>
		
		<dc:creator><![CDATA[StudiousGuy]]></dc:creator>
		<pubDate>Sun, 14 Jun 2015 08:59:51 +0000</pubDate>
				<category><![CDATA[Corporate Legal Environment]]></category>
		<guid isPermaLink="false">https://studiousguy.com/?p=239</guid>

					<description><![CDATA[According to Business law, an individual must be competent to enter into a contract. As per Section 11 of the Contract Act, the following individual is competent to enter into a contract:- The individual must be a major not minor. The individual should be of sound mind. The individual should not be disqualified by the law. Let us understand each in detail:- 1. Contract with Minor The law protects the minors against their own inexperience and the possible improper designs of those who are experienced. The Contract Act states that, only a person who is major can enter into contract. ]]></description>
		
		
		
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		<title>Consideration: Definition, Consideration &#038; Principles</title>
		<link>https://studiousguy.com/consideration/</link>
		
		<dc:creator><![CDATA[StudiousGuy]]></dc:creator>
		<pubDate>Sun, 14 Jun 2015 08:52:01 +0000</pubDate>
				<category><![CDATA[Corporate Legal Environment]]></category>
		<category><![CDATA[Types of Consideration]]></category>
		<guid isPermaLink="false">https://studiousguy.com/?p=237</guid>

					<description><![CDATA[Definition Consideration is characterized as &#8220;something of worth which makes the gatherings go into an agreement or understanding as per which they have to trade their administrations&#8221;. Consideration is a standout amongst the most essential components needed to frame an agreement and make it substantial according to law. It is a guarantee to perform the obliged errand or coveted act. Consideration must be profited, which is lawfully adequate, or a guarantee to do or not to do something. A Consideration must be haggled by the getting party with a specific end goal to make it enforceable under law. As indicated ]]></description>
		
		
		
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		<title>Acceptance Under The Indian Contract Act, 1872</title>
		<link>https://studiousguy.com/acceptance-under-the-indian-contract-act-1872/</link>
		
		<dc:creator><![CDATA[StudiousGuy]]></dc:creator>
		<pubDate>Sun, 14 Jun 2015 06:59:32 +0000</pubDate>
				<category><![CDATA[Corporate Legal Environment]]></category>
		<guid isPermaLink="false">https://studiousguy.com/?p=230</guid>

					<description><![CDATA[Definition: Acceptance, even the word in itself means that there is some offer from one party and the counter party gives its assent. Similarly, even the Indian Contract Act, once the offeree accepts the proposal made by the offerer, it is said to be an Acceptance. Hence, in the simplest of terms, assent or consent to an offer is known as Acceptance. Under the Indian Contract Act, Acceptance can be Expressed or Implied. In case the acceptance is oral or written, it becomes an Expressed Acceptance Arjun offers to sell his cellphone to Rakesh over an email. Rakesh replies to ]]></description>
		
		
		
			</item>
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		<title>Revocation of Acceptance</title>
		<link>https://studiousguy.com/revocation-of-acceptance/</link>
		
		<dc:creator><![CDATA[StudiousGuy]]></dc:creator>
		<pubDate>Sun, 14 Jun 2015 06:50:19 +0000</pubDate>
				<category><![CDATA[Corporate Legal Environment]]></category>
		<guid isPermaLink="false">https://studiousguy.com/?p=227</guid>

					<description><![CDATA[In the simplest of terms to revoke means ‘to cancel’. If I say ‘I revoke’ I simply, mean that I take it back. → Legal Definition of Revocation of Acceptance In legal terminology Revocation of Acceptance refers to the following Proposer makes an offer. Acceptor accepts the same and communicates the same to the proposer. Acceptor revokes/cancels this acceptance before the communication reaches the proposer. The Revocation of Acceptance is complete ONLY at any time before the communication of acceptance is complete as against the acceptor, but not afterwards. Revocation of Acceptance too can be either oral or written. Acceptance ]]></description>
		
		
		
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