Negotiable Instruments (NI) Act 1881: Presentment of NI
by A bill of exchange payable after sight must, if no time or place is specified therein for presentment, be presented to the drawee thereof for …
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Negotiable Instruments (NI) Act 1881: Endorsement
Endorsement Section 15 defines endorsement as follows: “When the maker or holder of a negotiable instrument signs the same, otherwise than as such maker, for …
Negotiable Instruments (NI) Act 1881: Negotiable Instruments Features
Negotiable Instrument, in law, a written contract or other instrument whose benefit can be passed on from the original holder to new holders. The original …
Negotiable Instruments (NI) Act 1881: Meaning and Essential Features and Types
The law relating to “Negotiable Instruments” is contained in the Negotiable Instruments Act, 1881, as amended up-to-date. It deals with three kinds of negotiable instruments, …
Overview of Alternate Dispute Resolution Mechanisms
The advantage of ADR is that it is more flexible and avoids seeking recourse to the courts. In conciliation/mediation, parties are free to withdraw at …
Overview of Special Contract
Indemnity The term ‘Indemnity` Simply means ‘Making Somebody Safe` or ‘Paying Somebody back`. Section 124 of contract Act defines that ‘‘A contract by which one …
Remedies for Breach of Contract
A contract is a legal promise to perform certain obligations. When a party breaks a promise, then the other parties to the contract might suffer …
Indian Contract Act 1872 Formation, Essential Elements
The Contracts or agreements between various parties are framed and validated by the Indian Contract Act. Contract Act is one of the most central laws …
Future Aspects of T&D
For any business to grow and become more efficient, it needs its employees to grow with it, learning new skills and refining the way that …
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