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 …

Quasi Contract, Nature, Types, Advantages, Challenges

Quasi Contract, Nature, Types, Advantages, Challenges

Sales and Good Act 1930: Rights of Unpaid Seller

Sales and Good Act 1930: Rights of Unpaid Seller

Negotiable Instruments (NI) Act 1881: Discharge of Parties

By payment in due course Payment-in-due-course, is the payment made in good faith and in accordance with the apparent tenor of the instrument to the …

Negotiable Instruments (NI) Act 1881: Presentment of NI

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 …

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 …

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