Sunday, March 8, 2009

CHAPTER NO.5 (FREE CNSENT)

BUSINESS LAW
(KHALID MAHMOOD CHEEMA)

CHAPTER NO.5 (FREE CNSENT)


DEFFINATION: section 13 "An agreement is valid only when it is made with free consent of parties. " Two or more person are said to consent they agree upon the same thing in the same sense.
section 14 :Consent is said to be free when it is not caused by corcion , undue influence , fraud, misrepresentation , or mistake.
in the other words the consent is obtained by coercion , undue influence , fraud, misrepresentation , or mistake. there is no free consent and the contract is voidable at the option of the party whose consents was not free,

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