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Free Download This book covers the fundamentals of business law with detailed coverage of topics such as Contracts Conflict Contractual Remedies & Damages Causation & Precautionary Measures Title to Goods Negligence. The last chapter includes a special section on Restraint of Trade. There are also sections on Revenue Law, Securities Law, Franchise law and the Uniform Computer Information Transactions Act. The book is primarily intended for entry-level students or lay people who want to gain a better understanding about their legal rights in the society, especially when they are dealing with business transactions in which they have no experience or knowledge about before. The goal is to teach the fundamentals of business law, not to serve as an exhaustive treatise on the subject matter. The book is divided into eight chapters, which are organized in a systematic fashion. The last few chapters review other related areas of law that students may want to use. I believe that the book addresses the main issues that students should be familiar with if they are to understand complex areas like corporate finance, securities law and commercial law. This section covers the formation of contract whereby each party promises something to another party in return for something else; parties can enter into contracts freely because there are elements which make any contract valid and binding. Parties to a contract must understand that they can enter into one voluntarily and without coercion and thus, the essence of contracts in society is not for the purpose of guaranteeing performance but rather to ensure that all parties involved in a particular contract have made an informed decision about the terms and conditions allowed by law. There are four basic elements required to create a valid and binding contract: 1. Offer- one or more persons must make an offer which constitutes an obligation on their part. There should be a clear indication that this person/the company is offering something which he intends to deliver. This offer has nothing to do with price, time of payment etc. but rather the object of the contract. An “offer” is one that indicates an intention to be legally bound upon acceptance. 2. Acceptance- the offeree must accept the offer in order for it to become a binding contract. Acceptance can be either explicit or implicit. However, mere silence cannot constitute acceptance unless there are additional circumstances which make it clear that someone has accepted an offer. 3. Consideration- this refers to payment made by one party to another in exchange for something else, e.g., time, effort, life, etc., which is considered valuable by the offeree of a promise made by one party to another. Thus, it is the payment of money or performance of some service by one party to another in exchange for something else. 4. Subject matter- The subject matter of the contract is an important factor which serves as one of the bases for what can be said to be included in the contract. It is not necessary for every contract to contain every imaginable topic that can come into existence at any time; however, it is essential that all contracts that are entered into should contain topics which will lead to an enforceable agreement i.e. business law by mc kuchhal pdf free download cfa1e77820