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Discuss briefly different type ig contracts
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Discuss briefly different type ig contracts Related: Law of Contract,...
Types of business contracts
Bilateral business contracts and
Unilateral business contacts.
Bilateral Contract
A bilateral contract is that kind of contract in which the most people think of when they think about the contract. A bilateral contract is an agreement in which all of the parties to the contract make promises to the other party. For example, in a contract for the sale of a property the buyer promises to pay the fixed amount according to the deal and in exchange for the seller promise to give the property including the title of the property.
Unilateral contract
Unilateral contracts that contract in which only one party makes the promise with the other party. The other party does not involve in the promise of the contract. The most simple example is the reward contract in this x party promises to pay a reward to the y party when the party will find the lost thing of the party X. here the Y is not involved in any promise but the Party X is involved in the promise to pay the reward to the party Y.B is not obliged to find A’s dog, but A is obliged to pay the reward to B if B finds the dog.
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Discuss briefly different type ig contracts Related: Law of Contract,...
Business law, also called commercial law or mercantile law, the body of rules, whether by convention, agreement, or national or international legislation, governing the dealings between persons in commercial matters.
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Discuss briefly different type ig contracts Related: Law of Contract, Nature, Offer, Acceptance - Business Law?
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Discuss briefly different type ig contracts Related: Law of Contract, Nature, Offer, Acceptance - Business Law? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about Discuss briefly different type ig contracts Related: Law of Contract, Nature, Offer, Acceptance - Business Law? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Discuss briefly different type ig contracts Related: Law of Contract, Nature, Offer, Acceptance - Business Law?.
Discuss briefly different type ig contracts Related: Law of Contract, Nature, Offer, Acceptance - Business Law? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about Discuss briefly different type ig contracts Related: Law of Contract, Nature, Offer, Acceptance - Business Law? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Discuss briefly different type ig contracts Related: Law of Contract, Nature, Offer, Acceptance - Business Law?.
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