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The Defense Production Act (DPA) of 1950 (Pub. L. 81–774) is a United States federal law enacted on September 8, 1950, in response to the start of the Korean War. [1] It was part of a broad civil defense and war mobilization effort in the context of the Cold War.
The Celler–Kefauver Act is a United States federal law passed in 1950 that reformed and strengthened the Clayton Antitrust Act of 1914, which had amended the Sherman Antitrust Act of 1890. The Celler–Kefauver Act was passed to close a loophole regarding asset acquisitions [ 1 ] and acquisitions involving firms that were not direct competitors.
The law of contracts varies from state to state; there is nationwide federal contract law in certain areas, such as contracts entered into pursuant to Federal Reclamation Law. The law governing transactions involving the sale of goods has become highly standardized nationwide through widespread adoption of the Uniform Commercial Code .
A contract is a legally binding agreement made between parties involved in a transaction for the exchange of goods or services. The agreement often comes in the form of a written instrument that provides the terms or conditions of the arrangement, each of which correspond to an obligation that one of the parties entering the agreement is obliged to fulfill.
Partnership Act 1961 [Act 135] Contracts Act 1950 [Act 136] Specific Relief Act 1950 [Act 137] Registration of Engineers Act 1967 [Act 138] Factories and Machinery Act 1967 [Act 139] Penang Port Commission Act 1955 [Act 140] Federal Agricultural Marketing Authority Act 1965 [Act 141] Kootu Funds (Validation) Act 1974 [Act 142]
The history of contract law dates back to ancient civilizations and the development of contract law has been heavily influenced by Ancient Greek and Roman thought. There have been further significant developments in contract law during and since the Middle Ages and especially with the development of global trade .
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Contract claims are handled under the disputes clause in commercial items contracts or another clause in different types of contracts. The clause simply refers to another clause, the contract dispute clause. That clause invokes the Contract Disputes Act (CDA) and specific procedures that must be followed.