Rights and liabilities of surety – Contract of Guarantee
Rights and liabilities of the surety Introduction As we hear in our daily routine that one person makes contact with …
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law of contracts
Continuing guarantee under Law of Contracts
Continuing guarantee As per “Section 129” of “the Indian Contract Act, 1872”, a Guarantee that extends to a series and …
Goods and Doctrine of Caveat Emptor under Sale of Goods Act, 1930
GOODS UNDER SALES OF GOODS ACT, 1930 Definition of goods According to Section 2(7) of the Sales of Goods Act, …
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Termination of agency
TERMINATION OF AGENCY In an agency contract, a person appoints another representative with a third party called an ‘Agent’. In …
Contract of Sale of Goods: Formation and Important Clauses
Contract of Sale of Goods: Formation and Important Clauses Introduction The contract for sale is the very basic building unit …
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Rights and duties of buyer under the Sales of Goods Act, 1930
RIGHTS OF THE BUYER Right to claim damages for the non-delivery of goods. When the seller breaches a contract of …
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Doctrine of ratification under law of agency
Ways to create Agency Agency by Express Authority (Sections 186 and 187) The authority of an agent is said to …
Delegation of authority / delegatus non potest delegare
DEFINITION OF AGENT AND PRINCIPAL The Indian Contract Act, 1872 defines the terms “Agent” and “Principal” as: “An “agent” is …
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Rights and Duties Of Pawnee and Pawnor
What is the Concept of Pledge? A variety or specie of bailment is a pledge. Bailment is the holding of …
Kinds of Endorsement of Negotiable Instrument
Kinds of Endorsement of Negotiable Instrument INTRODUCTION: A negotiable instrument is a written document that is transferred by delivery or …