Understanding the Concept of Surety In the world of commercial transactions and credit-based dealings, a contract of guarantee plays a significant role in ensuring trust […]
Tag: indian contract act 1872
16. What is “Agency by Ratification”? Examine the Condition of a Valid Ratification with Illustrations.
Understanding Agency by Ratification In the world of contracts and business relationships, an agent often acts on behalf of a principal to create legal obligations. […]
15. What is “bailment”? What are the Essential Features of Bailment with Suitable Examples?
Understanding the Concept of Bailment In our daily lives, we often hand over goods or belongings to others for specific purposes — like giving clothes […]
14. Define “Contract of Indemnity”. In what aspects Indian Law differs from English Law on Contract of Indemnity? Explain.
Understanding the Concept of Indemnity In every business or legal relationship, risks and losses are unavoidable. To protect one party from such losses, the law […]
11. What do you mean by “Pledge”? Who can Pledge? Discuss with latest examples.
Understanding the Concept of Pledge In commercial transactions, the transfer of goods as security for a debt or performance of a promise is a common […]
10. Define “Contract of Guarantee”. What are the effects of misrepresentation and concealment on contract of guarantee?
Understanding the Concept of a Contract of Guarantee In the world of business and finance, credit transactions are inevitable. Often, lenders and creditors need additional […]
9. Define “Bailment”. What are the essentials of Bailment.
Understanding the Concept of Bailment In daily life, we often hand over our goods to others — giving clothes to a dry cleaner, parking a […]
6. What is Contract of Agency? What are the essentials of relationship of Agency?
The Role of Agency in Business In modern business and commerce, individuals and organizations often rely on representatives to act on their behalf. This legal […]
5. What is the nature of a Surety’s authority? State his rights against the principal debtor.
Concept of Suretyship in Contract Law In business and commercial transactions, guarantees play a vital role in ensuring trust and financial security. When one person […]
3. Discuss the rule an agent shall not delegate his authority
Understanding the Role of an Agent In the world of business and commerce, agents play a vital role in connecting principals with third parties. The […]