Auction Sales, Online Auctions & Partnership Laws in India
Auction Sale and Online Auction (Section 64)
An Auction Sale is a public sale where goods are offered to the public, and competition is invited in the form of bids. The sale is complete when the auctioneer signifies acceptance, usually by the fall of the hammer.
Rules Governing Auction Sale (Section 64)
- Separate Contract for Each Lot: Where goods are put up for sale in lots, each lot is prima facie deemed to be the subject of a separate contract of sale.
- Completion of Sale: The sale is complete when
Robots and the Future of Work: Automation, Cobots & Smart Buildings
1) Will Robots Replace You?
Work is fundamental to human survival and social organization. Humans work to produce food, shelter, security, and cultural value. Because work is closely tied to identity and dignity, any technological change affecting work creates anxiety and resistance.
- Robots differ from earlier machines because they are semi-autonomous: Unlike traditional machines that only follow direct human control, modern robots can sense their environment, process information, and act independently
Effective Communication: Types, Theories & Workplace Skills
What Is Communication
Communication is the process of transmitting information from a sender to a receiver through a medium. The theory of communication studies this scientific process, focusing on how messages are encoded, transmitted, received, and interpreted to facilitate understanding. Communication types broadly include verbal, non-verbal, written, listening, and visual communication, each playing a unique role in effective information exchange.
Theory of Communication
Communication theory explores
Read MoreGrab’s Strategy for Global Growth and Risk Management
Grab’s Strategy for Global Growth and Risk Management
In the current global environment, Grab operates in multiple countries with different economic conditions, regulations, and cultural contexts. As a digital platform company, it is highly exposed to market volatility, regulatory changes, and shifts in consumer behavior. To remain competitive in any global situation, Grab must focus on adaptable growth, operational efficiency, and strong risk management.
First: Actions to Grow
- Diversified portfolio
Marxian Capital Accumulation, Value Theories & Walrasian Equilibrium
Marxian Theory of Capital Accumulation
Karl Marx’s theory of capital accumulation emphasizes the role of exploitation and class struggle in the capitalist system. According to Marx, capital accumulation is driven by the pursuit of profit and the exploitation of labor.
Key elements
- Labor theory of value: Marx’s theory is based on the labor theory of value, which states that the value of a commodity is determined by the socially necessary labor time required to produce it.
- Exploitation: Marx argued that
Human Needs vs Animal Needs: Physical Facilities and Fulfillment
Physical Facilities: Animals vs Humans
Q) “Physical facilities are necessary and complete for animals, while they are necessary but not complete for humans.” Comment.
The statement highlights the distinction between the needs of animals and humans, emphasizing the difference in their levels of existence and consciousness. Here’s a detailed analysis:
For Animals: Physical Facilities Are Necessary and Complete
Animals primarily operate at the level of physical survival and instinct. Their needs revolve
IRDAI: Regulation, Powers, and Insurance Risk Concepts
The Insurance Regulatory and Development Authority (IRDA) Act, 1999, was a landmark piece of legislation that transformed the Indian insurance industry. It ended the era of government monopoly (LIC for life and GIC for general insurance) and opened the doors for private players and foreign investment.
The IRDA Act, 1999: A Regulatory Landmark
The Act was passed following the recommendations of the Malhotra Committee (1994). Its primary goal was to create an autonomous, statutory body to oversee the
Read MoreEntrepreneur Versus Manager: Key Business Organization Concepts
Entrepreneur Versus Manager: Key Differences
This section explains the fundamental differences between an Entrepreneur and a Manager (10 Marks).
| Basis | Entrepreneur | Manager |
|---|---|---|
| Meaning | Person who establishes a business. | Person who runs an existing business. |
| Objective | Innovation, risk-taking, profit generation. | Efficient operations, achieving set goals. |
| Risk | Takes high personal risk. | Low personal risk (risk is organizational). |
| Rewards | Profits. | Salary/bonus. |
| Creativity | High creativity; introduces new ideas. | Works within |
Labor Law Origins, Employment Contracts & Sources in Spain
Origins of Labor Law
Origins of labor law: Labor law plays a critical role in today’s society, affecting a large proportion of the population of workers. It appeared in the nineteenth century as a response to the economic and social problems that arose during the Industrial Revolution and to the desire to protect the weakest party in the employment relationship.
Employment Relationship
Relationship: Not every work done by a person is considered an employment relationship. A worker is considered to
Read MoreAI Algorithms and Prolog Examples — BFS, A*, Minimax
AI Algorithms and Prolog Examples
This document contains:
- Prolog family facts and queries
- Python implementations of BFS, DFS, A*, Minimax, Alpha-Beta
- 8-puzzle A* solver, Tic-Tac-Toe minimax, a simple reflex agent, and a Chess AI
Prolog Family Facts and Queries
Prolog
parent(john, mary).
parent(john, david).
parent(susan, mary).
parent(susan, david).
parent(david, emily).
parent(david, james).
parent(mary, ann).
male(john).
male(david).
male(james).
female(susan).
female(mary).
female(ann).
female(emily)