Introduction to Business Law - 2808 Words

Business law LAW OF CARRIAGE:- Defination of law of carriage: Law of carriage means carrying goods from one place to another against the price. It is the branch of business. Carriage is the basis for the management and operation of business successfully and effectively. It is the factor of business activity that helps to mobilize the labor, raw material, and tools and machinery etc. Modern business activity are based on the exchange of goods and transportation of goods from one place to another. According to section 65 of Nepal contract act.2056 ,†a contract is related to carriage shall be deemed to have been concluded, if it provides for transportation of goods from one place to another.† Classification of carriage: carriage can be†¦show more content†¦Specific goods:- specific goods are those which are agreed and identified at the time of contract of sale. ii. Unascertained goods: - unascertained goods are those which are not agreed and identified at the time of contract of sale. These types of goods indicated and defined by description at the time of contract of sale. iii. Ascertained goods: the term ‘ascertained’ is used to those goods; which are ascertained after making the contract of sale. 2. Future goods:- future goods are those goods which are manufactured, produced and acquired by the seller after making the contract of sale. 3. Contingent good: contingent goods are those goods whose acquisition is depend upon the happening and non happening of certain event. i.e., contingent event. Difference between contract of sale and agreement to sale. Basis of difference | Contract of sale | Agreement to sale. | Ownership of goods | Buyer is said to the real owner | Seller is said to the real owner. | Natue of contract | Executed in nature | Executory in nature | Transfer of risk | Seller can transfer the risk to the buyer in the condition of sale | Seller can’t transfer the risk to the buyer up to the time of contract of sale. | Loss and damages of goods | All the losses and damages are bound by the actual buyer | All the losses and damages are bear by the actual seller. | Right to sell the goods by the seller. | Seller has no right to sellShow MoreRelatedIntroduction Of Business Law Coursework Assignment1717 Words   |  7 PagesIntroduction to Business Law Coursework Assignment Question 1 Part 1: In the English system, there are two laws that have a huge and fundamental impact on the English law. These two laws are the most common type of laws that are carried out within the court, either in Crown Court or the Magistrate’s Court. Depending on the seriousness of the damage caused by the breaking the law, not all prosecutions are carried out in the Crown Court. The English Law coincides within two countries of Great BritainRead MoreCourse Work in Introduction to Business Law1048 Words   |  5 Pagesin goods to the buyer for a money consideration, called the price†. The definition is proved in â€Å"Sale of Goods Act 1979†, Part II – â€Å"Formation of the contract†, section 2 – â€Å"Contract of sale†,(1) The â€Å"Sale of Goods Act 1979† is part of the civil law. This means that problems you have with any goods you have purchased are not a criminal matter, so the police will not be involved. You have to take action yourself. This is the Act you can quote if you have a problem with goods you have purchased,Read MoreThe Principle Of Marketing : Bus 3305 Essay1599 Words   |  7 PagesASSIGNMENT TABLE OF CONTENT 1.0 Introduction 2.0 Nature and Sources of Business Law 2.1 The Common Law 2.2. U.S. Constitution 2.3 Statutory law 1.4 Judicial Precedent 3.0 Impacts of the Law On Business 4.0 Ways that the law could be improved. 5.0 Conclusion 1.0 INTRODUCTION In reality the law covers an enormous range of situations and the legal system has a variety of courts and methods for dealing with different types of cases. 1.1 Meaning of Law There is no single meaning of law that is universally adoptedRead Morethis is an essay1741 Words   |  7 Pages[PDF] 11011 Business Law 100 Semester 1, 2012 - Curtin ... https://business.curtin.edu.au/downloadFile.cfm?fileId=D4471A94...‎ Feb 10, 2012 - 3 Construct a coherent and logical legal argument using the four step process approach. 4 Apply relevant legal concepts and principles to  ... 2. 4 main steps in the legal research process - Introduction to ... unimelb.libguides.com/content.php?pid=172459sid=1451390‎ Jun 11, 2013 - You might also go to an encyclopedia such as Halsburys Laws of AustraliaRead MoreCopelandR MKTG600 MidTerm Essay969 Words   |  4 Pagesequity is a business having the clout and power of its product(s) to leverage that equity or clout for its need to raise capital or increase customers. 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