1. Facts of the Case 2. Issues in the Case 3. Legal Principles Covered a) Nature of Bailment b) Duty of Bailee – Not to […]
Tag: business law
4. Raju, a partner of a firm, borrows money on his own credit by giving his own promissory note for the same, but he subsequently uses the proceeds of the note in the partnership concern of his own free will without any reference to the lender to do so. Is the firm liable for the loan?
1. Facts of the Case 2. Issues in the Case 3. Legal Principles Covered a) Partner’s Implied Authority b) Acts Done Beyond Implied Authority c) […]
53. Explain the effect of death, insanity and Insolvency of the principal or the Agent on a Contract of Agency
Understanding Agency and Its Termination Agency is a core concept in contract law, enabling a person, called the agent, to act on behalf of another, […]
52. Discuss the Rights and Duties of Bailee.
Understanding Bailment and Bailee In everyday life, we often hand over our goods or belongings to others for safekeeping, repair, or transportation. This act is […]
51. What are the various methods by which a Surety is discharged?
Understanding Suretyship and Discharge In the world of business and credit transactions, suretyship plays a vital role in building trust between lenders and borrowers. A […]
50. Discuss the Implied Conditions and Warranties governing the transaction of Sale of Goods
Understanding Sale of Goods and Its Legal Framework A contract of sale is one of the most common and vital commercial transactions. It involves the […]
49. What are the various modes for Dissolution of a Partnership Firm?
Understanding Dissolution of Partnership A partnership firm is formed when two or more persons agree to carry on a lawful business and share its profits […]
48. Explain the various modes by which an Agency may be terminated.
Understanding Agency and Its Termination In the modern business world, the concept of agency is crucial for conducting trade, contracts, and transactions efficiently. An agency […]
45. What are the essential characteristics of “Contract of Guarantee”? Distinguish between Indemnity and Guarantee.
Understanding Contract of Guarantee In the world of commerce and finance, transactions often involve an element of trust — but trust alone is rarely enough. […]
43. Define “Contract of Partnership” and discuss the important elements for Formation of Partnership.
The Foundation of Partnership Law Business enterprises often need collective effort, shared resources, and mutual trust to succeed. This idea is legally recognized through partnership, […]