Mutual and Third parties Relation of Partners
by Sections 18 to 22 of the Indian Partnership Act, 1932, offer details of different scenarios under which partners can have different relations with a third …
Tag: Indemnity Contract
Endorsement of Negotiable Instruments
The act of a person who is a holder of a negotiable instrument in signing his or her name on the back of that instrument, thereby transferring …
Lien, Nature, Elements, Types, Benefits, Challenges
Lien, Nature, Elements, Types, Benefits, Challenges
Partnership Organization, Characteristics, Types, Advantages, Disadvantages
Partnership Organization, Characteristics, Types, Advantages, Disadvantages
Contract of Bailment & Pledge
Bailment and Pledge are two special contracts that are often confused. Every pledge is a bailment but every bailment is not pledge. Bailment means a …
Negotiable instrument Act: Meaning and essential elements of a Negotiable instruments
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 instrument; Holder and Holder in due course
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 …
Negotiation of Negotiable instruments
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 …
Dishonor of Negotiable Instruments
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
Agency Contract, Nature, Elements, Formation, Termination, Advantages and Challenges
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