The Law of Supply – The 2nd of The 11 Forgotten Laws by Bob Proctor

The Law of Supply that is talked about in the 11 Forgotten Laws is a spiritual law, or a Universal Law. In trying to practice the Law of Attraction as presented in the Secret, without the realization of the Law of Supply it’s unlikely that most of us will be able to manifest the life we desire.

If you want to make the Law of Attraction work for you, you are going to need to become aware of the Law of Supply.

Ask, and it shall be given you; seek, and ye shall find; knock, and it shall be opened unto you.” Matt. 7:7.

This verse has been used to imply that all we need to do is ask. Actually, according to the 11 Forgotten Laws of the Universe that is true. But it is also true, according to the Law of Thinking, that what we believe in our innermost thoughts is what will show up in our lives. So if we ask, yet believe in a world or lack and scarcity, what do you think is going to happen?

Basically the Law of Supply boils down to the belief in abundance. Bob and Mary teach us specifically how to understand the Law of Supply, and how to implement the Law of Supply in our lives for astounding results.

The first thing that may need changing in our consciousness is the idea that we are not supposed to have abundance. The Law of Supply says the exact opposite. In this lesson of the 11 Forgotten Laws, The Law of Supply is a Truth stating that we were created to evolve, create, accomplish, move forward; in other words to succeed.

We also need to learn that in the Universe of Abundance that we live in, we were all created to have it all. Abundance and prosperity is not something that is reserved for a special few, though it often seems that way.

In order to use and understand the Law of Supply we first need to understand this concept. We are supposed to be happy every day and gratitude is another of the Universal Laws. But the nature of our very being is not to be satisfied. It is our spiritual nature to ever strive for more good, increasing supply and increasing fulfillment for ourselves and the world.

This spiritual law of supply is based on the concept that everything we need is already available to us; it is our inability to recognize the supply that causes the negative beliefs which in turn bring about negative effects.

We’ve all heard people say “I’ll believe it when I see it”. Maybe you’ve said that too. As we begin to study the Law of Supply, we start to recognize that we have it backwards. We are taught we will see it when we believe it.

This all may seem far out, but Bob Proctor and Mary Morrissey use examples to help us easily understand the 11 Forgotten Laws. The 11 Forgotten Laws are …

Doctrine of Accord and Satisfaction

Doctrine of Accord and Satisfaction

Accord and satisfaction is the purchase of the release from an obligation, whether arising under contract or tort by means of any valuable consideration not being the actual performance of the obligation itself. The accord is the agreement by which the obligation is discharged. The satisfaction is the consideration which makes the agreement operative. The consideration may be executory.

Under English law, an accord without satisfaction is of no effect. In Indian law, an accord is an agreement, there must be consensus ad idem; its validity liable to be judged by the general law of contract quite apart from the provisions of sections 62 and 63 of the Indian Contract Act, 1872.

A liability arising out of breach of contract may be discharged by the doctrine of accord and satisfaction. An accord is an agreement made after breach whereby some consideration other than the legal remedy is to be accepted by the party not in fault, followed by the performance of the substituted consideration.

The question is, whether an arbitration clause in a contract survived despite the purported satisfaction of the terms of the contract. Normally, an accord and satisfaction by itself would not affect the arbitration clause for even rights and obligations of the parties are worked out, the contract does not come to an end. If the dispute is that the contract itself does not subsist, the question of invoking the arbitration clause may not arise. But in the event it be held that the contract survives, recourse to the arbitration clause may be taken.

The doctrine of accord and satisfaction has many underlying principles, including the acceptance of a lesser sum and acceptance of any satisfaction. The Privy Council gave its views on the doctrine in Payan Reena Saminathan v. Puna Lana Palaniappa [41 IA 142]. The doctrine and its usage in India have been derived from the American Common Law.

BACKGROUND OF THE DOCTRINE

Section 63 of the Indian Contract Act allows a party to a contract to dispense with the performance of the contract by the other party, or to extend the time of performance or to accept any other satisfaction instead of the performance.

According to Section 62 of the Indian Contract Act, on the other hand, every person who accepts a proposal may dispense with or remit wholly or in part, the performance of the proposal made to him which he has accepted, or may extend the time for such performance or may accept instead of it any satisfaction which he thinks fit.

In accordance with section 62 and section 63 of the Indian Contract Act, 1872, the party who has the right to demand the performance may:

(i) dispense with or remit the performance; or

(ii) extend the time for performance; or

(iii) accept any other satisfaction instead of performance.

The sections 63 and 62 must be construed so as to not overlap with each other. This can be done by holding that agreements referred to in …