Sources of us law of contract, Business Law and Ethics

Sources of US Law of Contract

However the Law of Contract Act 1961, S. 2(2) provides like, except as may be provided through any written law to the time being in force, hence the common law of the England relating to the contract like modified through doctrines of equity and throughout the Acts of the United Kingdom Parliament justified in the schedule to the Act, when to the extent and subject to modifications in the said schedule there should extend and apply to the US.  Thus the U.K. Acts specified in the schedule are as follow:

  • First is the Law Reform as Married Women and Tortfeasors Act, 1935. And
  • Second is the Law Reform (Frustrated Contracts) Act, 1943. And
  • Third is the Disposal of Uncollected Goods Act, 1952. Whereas this Act is no longer applicable, having been rendered inapplicable through S.10 of US Disposal of Uncollected or uncoupled Goods Act, 1987.
Posted Date: 1/22/2013 1:17:38 AM | Location : United States

Related Discussions:- Sources of us law of contract, Assignment Help, Ask Question on Sources of us law of contract, Get Answer, Expert's Help, Sources of us law of contract Discussions

Write discussion on Sources of us law of contract
Your posts are moderated
Related Questions
Q. Impact of phoenix activity on employ superannuation? Employees experience a range of impacts other than lost wages, entitlements and superannuation from phoenix activity. Fi

List of Members: S.130(6) provides that the directors shall cause a list showing the names and postal addresses of the members of the company, and the number of shares held th

Alteration of Capital: A company is empowered by S.63 to alter the provisions of its memorandum of association which relates to its registered or authorised capital. However,

Normal 0 false false false EN-IN X-NONE X-NONE MicrosoftInternetExplorer4

Interpretation of Constitution - High Court After then under Section 67(1) of the Constitution gives that whether any question as to the interpretation of the constitution ari

When is an employer vicariously liable? An employer is vicariously liable when: a. When Employer authorised. b. When unauthorised procedure utilized when executing an aut

Utmost Good Faith Whether a partnership is such contract of the chief good faith. Every one partner is entitled for utmost gaviness rom his co-partners. Therefore this equitab

Equity: Moreover the word "equity" ordinarily means "fairness" or "justice".  In fact as a source of England law there the phrase "doctrines of equity" denotes the body of Eng

Explain the principle of absolute immunity The absolute immunity principle gradually eroded and restrictive immunity approach was followed. However, many developing countries r

Order of application of assets: The order of application of assets is therefore as follows: (a) secured creditors who have fixed charges are entitled to be paid out of thei