MANAGER

&
BUSINESS LAW
 FINANCE
FINANCE

HRD
HRD MANAGER
MANAGER MARKETING
MARKETING

SYSTEMS
SYSTEMS/ /
OPERATIONS
OPERATIONS
 FINANCE

COMMERCIAL
CORPORATE 1. Law of Limitation
1. Loans/Deposits 2. Excise
2. Form of Oragnisation 3. S.138 Negotiable Instruments/
IPC
 MARKETING

PROJECT CONSUMER
1. Arbitration 1. L/c
2. Collaborations 2. SalesTax
3. Imports 3. Octroi/Entry Tax
 SYSTEMS

CYBER LAWS
INFORMATION TECHNOLOGY ACT 1999
 HRD

LABOUR WELFARE LAWS

INCOME TAX – SALARY PACKAGE
 INDIAN CONTRACT ACT 1872

• DEFINITIONS

• CONTRACT :
• An agreement enforceable by law is a contract.

• AGREEMENT :
• Every promise and every set of promises forming consideration
• for each other is called an agreement

• PROMISE
• A proposal when accepted becomes a promise
ROPOSAL

hen one person, signifies to another his willingness to do or abstain

om doing something with a view to obtain the assent of that another,
e is said to make a proposal.
ULES OF A PROPOSAL
It must be intended to create legal relations and
must have legal consequences.
2. A proposal may be general or specific.
3. The terms of a proposal must be certain and not loose.
4. It must be distinguished from an invitation to offer
5. It must be communicated.
ACCEPTANCE
A. RULES

1. ACCEPTANCE MUST BE COMMUNICATED TO THE

PERSON WHO HAS MADE THE OFFER.
2. ACCEPTANCE MUST BE COMMUNICATED BY THE
PERSON TO WHOM AN OFFER HAS BEEN MADE.
3. ACCEPTANCE MUST BE COMMUNICATED IN THE
PRESCRIBED MANNER ONLY, ELSE IT IS NOT BINDING
ON THE PROPOSER.
4. ACCEPTANCE MUST BE ABSOLUTE AND UNQUALIFIED
5. AN OFFER ONCE REJECTED IS DEAD AND CANNOT BE
ACCEPTED, UNLESS IT IS REVIVED.
ACCEPTANCE THROUGH POST

1/1/2007 4/1/2007
A B
8/1/2007 5/1/2007
GERMAN ENGLISH
LAW LAW