MRTP ACT

By Surbhi S., Key Differences.  Monopolies and Restrictive Trade Practices (MRTP) Act, 1969 was revoked and replaced byCompetition Act, 2002. MRTP Act was enacted to deal with monopolistic, restrictive and unfair trade practices, but due to certain limitations, Competition Act was introduced, ...

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AGREEMENT AND CONTRACT, THEIR DIFFERENCES

Key Difference Between Agreement and Contract By Surbhi S., Key Differences.  There is an old statement, “All contracts are an agreement, but all agreements are not contracts” which implies that agreement is different from a contract. Without knowing the fact, we ...

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WHAT IS EXPRESSED AND IMPLIED CONTRACT

WHAT IS EXPRESSED AND IMPLIED CONTRACT By Surbhi S., Key Differences.  The contract can be defined as any agreement which is legally enforceable. So, the fundamental elements of a contract are agreement and enforceability as per law, wherein the agreement is ...

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WHAT IS FRAUD AND MISREPRESENTATION

By Surbhi S., Key Differences  ‘Fraud‘ means a willful misrepresentation of a material fact while ‘Misrepresentation‘ means a bonafide representation which is false. The former is an untrue statement given by one party that indues other party to enter to the ...

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CIVIL LAW VERSUS CRIMINAL LAW

By Surbhi S., Key differences . Every country’s constitution enforces certain laws, for the purpose of maintaining order and protecting the society from crimes. These laws are broadly classified into two categories, i.e. Civil Law and Criminal Law. The Civil law lays emphasis ...

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Law vs Ethics: Key Differences & Definitions Explained

By Surbhi S. ,Key differences . The law may be understood as the systematic set of universally accepted rules and regulation created by an appropriate authority such as government, which may be regional, national, international, etc. It is used to govern the action and ...

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