WebBusiness law, is of particular importance to people engaged in trade, commerce and industry as bulk of, their business transactions are based on contracts., , 1.1.2 THE INDIAN CONTRACT ACT, 1872, The law of contract is contained in the Indian Contract Act, 1872 which(a), (b), , Deals with the general principles of law governing all contracts ... Webmeaning of business is: the act of buying and selling of goods and services, commerce and trade. Based on all these meanings of business, we may define business as: gainful …
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