Duties and Rights of Agent and Principle

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 …

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

Quasi Contract, Nature, Elements, Types, Examples

Quasi Contract, Nature, Elements, Types, Examples

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 …

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