Understanding Agency In modern commerce, it is almost impossible for one person to manage all aspects of business personally. This is where agency becomes an […]
Tag: business law
41. Define the “Contract of Guarantee”, and discuss the extent of the Liability of the Surety.
Understanding the Contract of Guarantee In everyday business and financial transactions, lenders often rely on guarantees to secure repayment or performance obligations. A Contract of […]
38. What are the Rights of a Bailor against a Bailee when the later mixes his own goods v those of the former?
Understanding Bailment and the Issue of Mixed Goods Bailment is a key concept in commercial law, allowing one person to deliver goods to another for […]
37. What is a “Contract of Guarantee”? What are its characteristics? Distinguish between Contract of Guarantee and a Contract of Indemnity.
Understanding Contracts of Guarantee In modern business and finance, security and assurance are essential to maintain trust among parties. A Contract of Guarantee serves this […]
36. Define “Property”. Explain the Possession of and Rules relating to Passing of Property.
Understanding the Concept of Property Property is a fundamental concept in law and commerce, forming the basis of most contracts and transactions. In legal terms, […]
35. Discuss the Rights and Duties of Partners.
Understanding Partnership and Its Legal Framework A partnership is the foundation of many businesses and professional collaborations. It represents a relationship based on mutual trust, […]
34. Explain the Rights and Duties of Seller and Buyer before and after Sale.
Understanding the Relationship Between Seller and Buyer Every sale of goods is based on a contract — an agreement between the seller, who transfers or […]
32. . What is contract of partnership? An discuss the law relating to nature and formation of partnership.
Understanding the Concept of Partnership Business activities often require more than one individual’s effort, skill, and capital. When two or more persons come together to […]
31. Explain the concept of “Delegation of Authority”. When an agent can delegate his authority to someone.
Understanding the Concept of Delegation of Authority In business and legal relationships, a principal often appoints an agent to act on their behalf. This relationship […]
26. What is a “Continuing Guarantee”? How is it revoked and with what consequences?
Understanding the Concept of Guarantee In commercial and business dealings, parties often need assurance that financial or contractual obligations will be fulfilled. This is where […]