https://www.taxtmi.com/caselaws?id=290108 Cotton contracts were examined under the Bombay Cotton Contracts Act, 1932 to determine whether non-compliance with Association by-laws rendered them void. The governing test was substantial compliance with the by-laws, not literal reproduction of every printed term. Omission of the measurement term did not invalidate the contracts because the relevant by-law had been suspended and the omission did not affect the bargain's substance. The blank for the difference above or below the settlement rate also did not make the contracts void, as the by-laws and trade practice showed the contracts could operate without that specification. The contracts were therefore not void under section 8(1), and the claimed sums were not recoverable. en-us Mon, 31 Mar 1958 00:00:00 +0530 Wed, 09 Sep 2020 12:28:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=290108 Cotton contracts were examined under the Bombay Cotton Contracts Act, 1932 to determine whether non-compliance with Association by-laws rendered them void. The governing test was substantial compliance with the by-laws, not literal reproduction of every printed term. Omission of the measurement term did not invalidate the contracts because the relevant by-law had been suspended and the omission did not affect the bargain's substance. The blank for the difference above or below the settlement rate also did not make the contracts void, as the by-laws and trade practice showed the contracts could operate without that specification. The contracts were therefore not void under section 8(1), and the claimed sums were not recoverable. Case-Laws Indian Laws Mon, 31 Mar 1958 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=290108