Cpt law notes part-3

CPT 1866 views 2 replies

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Hi Friends,

I am attaching herewith the notes for CPT Law (3rd Part) in a very easy & Attractive format

with pictorial presentation.

For updates. knowledge & information relevant to the subject of Cost & FM , Please Visit

https://dream-ca.blogspot.com/

For Classes of Cost Accounting & Financial Management for CA-PCC/IPCC, B.Com(P/H), BBA, BBE, & CPT (All Subjects) Contact

Lakshya Academy, G-2/7, Sector-11, Rohini, Delhi-110085.

Ph.No. 9891408545, 011-42153940, 9136636691.

Thanks & Regards

CA. Arvind Singhal

M.No. 9891408545

Attached File : 621013 927906 consent.pdf downloaded: 460 times

Replies (2)

Ashutosh(Sir)

teacher

201 Points Posted on 10 February 2012

Respected Mr.Singhal,

In your notes No.3 you wrote that " In Unilateral Mistake, The contract is neither void nor voidable." Whereas in my knoledge there are two exceptions.

Unilateral Mistake – Voidable, only if consent is obtained by fraud or misrepresentation.

Exceptions

[I] Mistake as to the person – If ‘A’ intends to enter into a contract with ‘B’, ‘C’ can not enter into the contract.

[II] Mistake as to the nature of the contract – Foster v/s Mackinnon An old person with weak eye sight

has signed a bill of exchange, treating it as a guarantee letter........

Ashutosh(Sir)

teacher

201 Points Posted on 10 February 2012

Respected Mr.Singhal,

In your notes you wrote that " In case of Mistake of Indian Law, the contract is not voidable", Sir, instead of "VOIDABLE", There should be "VOID". As voidable word is used, if consent is not free, e.g. coercion, undueinfluence, fraud & misrepresentation. Sir, please also tell about Mistake of Foreign Law. In your notes Bilateral Mistake is of two types, But what about "MISTAKE OF LAW". Why it has been left?