Duties and Rights of Agent and Principle
by 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 …
Tag: Indemnity Contract
Right of Unpaid Seller
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
Contract of the Guarantee, Nature, Purpose, Features, Types
Bailment, Nature, Elements, Benefits, Challenges
Bailment, Nature, Elements, Benefits, Challenges
Income and their Relationship
#1. Gross National Product (GNP): It is the total value of all final goods and services produced in the economy in one year. In the …
Parties to Negotiable Instruments, Negotiation
The parties to a negotiable instrument (bill of exchange, promissory note and a Cheques) are discussed in detail : Parties to a bill of exchange …
Presentment, Discharge and dishonour of Negotiable instruments
Presentment Sec.  70.  Effect  of  want  of  demand  on  principal  debtor.  – Presentment for payment is not necessary in order to charge the person primarily …
Law of partnership: Definition, essentials of partnership
Partnership is a form of business organization, where two or more persons join together for jointly carrying on some business. It is an improvement over …
Formation of Partnerships, Kinds of Partners, Authorities, Rights and Liabilities of Partners
Formation of Partnerships A partnership is a business arrangement in which two or more people own an entity, and personally share in its profits, losses, and risks. The exact form …
Registration of Partnership, Dissolution of Partnership firm
Registration of Partnership A Partnership is one of the most important forms of a business organization, where two or more people come together to form a business …
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