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Work With UsTeach With UsHandwritten Notes are concise and easy-to-understand notes that summarize the key points and formulas of CA Foundation Business Laws and Business Correspondence.
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INTRODUCTION TO LAW. • As a social being, man comes into contact with people in different capacities. • He comes into contact,. • For example:.
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Business law encompasses all of the laws that dictate how to form and run a business. This includes all of the laws that govern how to start, buy, manage and close or sell any type of business. Business laws establish the rules that all businesses should follow.
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From Business Law
Sources of business law (any three):
(Also: customs and usage, delegated legislation.)
Any three implied terms:
(Also: warranty of quiet possession, freedom from encumbrances.)
A void agreement is an agreement that is not enforceable by law. Some agreements are void from the beginning because law does not allow them, while others become void due to uncertainty or impossibility.
Common types of void agreements:
Therefore, void agreements create no legal rights and cannot be enforced in court.