Describe the definition of a valid contract, Business Law and Ethics

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Question 1 It is significant for any person to know law as ignorance of law is no excuse. Modern USA law has been derived from some sources. Describe the primary and secondary sources of Indian law

Question 2 We all enter into many contracts in a day knowingly or unknowingly. Describe the definition of a valid contract. How are contracts classified?

Question 3 The parties to bailment have certain rights and duties. Describe the duties of both parties i.e. the bailor and bailee

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