Meaning of Goods The term “goods” is legally defined under Section 2(7) of the Sale of Goods Act, 1930. According to the Act, goods include […]
Category: LLB 2nd Sem LAW OF CONTRACT – II [Short Answers]
57. Unpaid Sellers Rights
Meaning of Unpaid Seller and His Rights Under the Sale of Goods Act, 1930, an unpaid seller is defined in Section 45 as a seller […]
56. Doctrine of Contribution
Meaning of Doctrine of Contribution The Doctrine of Contribution arises in the law of contracts and suretyship, ensuring equitable distribution of liability among co-sureties. Under […]
55. Company as a Partner.
Concept of Company as a Partner A company is an artificial legal person created under the Companies Act, 2013, having a separate legal entity distinct […]
54. Warranties.
Meaning of Warranties A warranty is a stipulation that is collateral to the main purpose of the contract of sale. Section 12(3) of the Sale […]
53. Limited Liability Partnership.
Meaning and Nature of LLP A Limited Liability Partnership (LLP) is a hybrid form of business organization introduced under the Limited Liability Partnership Act, 2008. […]
52. Contract of Partnership.
Meaning and Definition A contract of partnership is governed by the Indian Partnership Act, 1932. Section 4 defines partnership as the “relation between persons who […]
51. Sale by Non-Owner
Principle of Sale by Non-Owner The general principle governing the sale of goods is expressed by the maxim “Nemo dat quod non habet”, which means […]
50. Conditions and Warranties
Concept of Conditions In the context of the Sale of Goods Act, 1930, a condition refers to a fundamental stipulation that is essential to the […]
49. Nemo dat Quod Non – Habet
Meaning of Nemo Dat Quod Non Habet The Latin maxim “Nemo dat quod non habet” means “no one can transfer a better title than he […]