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Why should there be ethical production? Explain by giving suitable examples.

Leave a Comment / BRL-113 BUSINESS ETHICS /

Introduction Ethical production refers to manufacturing goods in a manner that respects workers’ rights, environmental sustainability, and consumer safety. It emphasizes fairness, transparency, and responsibility in the entire production process—from sourcing raw materials to final product delivery. Main Body Importance of Ethical Production 1. Protects Workers’ Rights Ethical production ensures that workers are treated fairly, […]

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Define business ethics. What are the principles of business ethics?

Leave a Comment / BRL-113 BUSINESS ETHICS /

Introduction Business ethics refers to the application of moral principles and standards to business behavior. It involves evaluating what is right and wrong in a business context and ensuring that corporate decisions benefit all stakeholders—including customers, employees, shareholders, and the community—while maintaining legal compliance and moral integrity. Main Body Definition of Business Ethics Business ethics

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“Mere silence as to facts is not fraud”. Explain with examples.

Leave a Comment / BCOC-133 BUSINESS LAW /

Introduction Fraud, under Section 17 of the Indian Contract Act, 1872, includes acts intended to deceive or to induce another party to enter into a contract. However, the law also provides that mere silence about facts does not amount to fraud, unless it falls within specific exceptions. This principle ensures that parties to a contract

“Mere silence as to facts is not fraud”. Explain with examples. Read More »

“In commercial and business agreements, the presumption is that the parties intend to create legal relations.” Comment.

Leave a Comment / BCOC-133 BUSINESS LAW /

Introduction In contract law, one of the essential elements for the formation of a valid agreement is the intention to create legal relations. This principle distinguishes contracts from mere social or domestic arrangements. In commercial contexts, courts generally presume that the parties intend to be legally bound by their agreements. Main Body Intention to Create

“In commercial and business agreements, the presumption is that the parties intend to create legal relations.” Comment. Read More »

Define ‘agent’ and ‘principal’. Can a minor be an agent? Discuss.

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Introduction The relationship between a principal and an agent forms the basis of agency law, governed under Chapter X (Sections 182–238) of the Indian Contract Act, 1872. An agent acts on behalf of the principal, creating a legal relationship with third parties. The law also addresses who can be an agent and whether a minor

Define ‘agent’ and ‘principal’. Can a minor be an agent? Discuss. Read More »

Discuss the common features among promissory note, bill of exchange and cheque.

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Introduction Promissory notes, bills of exchange, and cheques are three key negotiable instruments governed by the Negotiable Instruments Act, 1881. These instruments play a vital role in facilitating credit and ensuring secure and efficient financial transactions. While each has unique features, they also share several common characteristics. Main Body Definitions Promissory Note (Section 4): A

Discuss the common features among promissory note, bill of exchange and cheque. Read More »

Define and distinguish between ‘condition’ and ‘warranty’.

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Introduction In the context of contracts of sale, the terms “condition” and “warranty” refer to the stipulations related to the quality, fitness, or performance of the goods sold. These concepts are defined under the Sale of Goods Act, 1930. Understanding their differences is crucial as they determine the remedies available in case of breach. Main

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“An agreement in restraint of trade is void”. Examine this statement mentioning exceptions, if any.

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Introduction The freedom to practice any profession, or to carry on any trade or business, is a constitutional right under Article 19(1)(g) of the Indian Constitution. In line with this, Section 27 of the Indian Contract Act, 1872 declares that agreements in restraint of trade are void. However, there are certain exceptions where such restraints

“An agreement in restraint of trade is void”. Examine this statement mentioning exceptions, if any. Read More »

Discuss the essentials of a contract of bailment and state the rights and duties of a bailee.

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Introduction Bailment refers to a contractual relationship in which one person (the bailor) delivers goods to another (the bailee) for a specific purpose under the agreement that the goods shall be returned after the purpose is fulfilled. The concept of bailment is governed by Chapter IX of the Indian Contract Act, 1872, from Sections 148

Discuss the essentials of a contract of bailment and state the rights and duties of a bailee. Read More »

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