How is a Precedent Disregarded

How is a Precedent Disregarded

How is a Precedent disregarded? A precedent may be disregarded in any one of the following two ways: 1). It may be overruled by a court of superior jurisdiction. In such an eventuality the precedent loses all its force with retrospective effect so that transactions entered into before the date of overruling shall be affected … Read more

Contract Law- Meaning, Definition and Essentials

Contract Law- Meaning, Definition and Essentials

Contract Law Definition:  Basically, the definition of contract law is that it is an exchange of promises by two or more persons resulting in an obligation to do or refrain from doing a particular act, which obligation is recognized and enforced by law. Meaning of Contract Law:  According to Black’s Law Dictionary:  Contract law means … Read more