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The law relating to “negotiable instruments” is contained in the Negotiable Instruments Act, 1881. The Act extends to the whole of India. The Negotiable Instruments Act, 1881, …
Types of Negotiable Instruments Promissory Note: In this case, the debtor is the one who makes the instrument. And he promises unconditionally to the creditor …
The negotiation has been defined under section 34 of The Negotiable Instrument Act as follows: ‘When a promissory note, bill of exchange or cheque is …
You might have heard of a cheque bouncing due to insufficient funds. There might arise disputes in regard to acceptance of a negotiable instrument, similar …
Agency Contract, Nature, Elements, Formation, Termination, Advantages and Challenges
In a contract of agency, the principal appoints an agent to perform some specific task or business on his behalf. The principal is bound by …
Sale of commodities constitutes one of the important types of contracts under the law in India. India is one of the largest economies and also a …
In a contract, there is always a reciprocal promise. Even in a contract of sale, both the buyer and the seller must perform their duties. …
Contract of the Guarantee, Nature, Purpose, Features, Types
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