Understanding the Concept of Surety and Guarantee The law of contract of guarantee is an important aspect of the Indian Contract Act, 1872, which aims […]
Tag: indian contract act 1872
65. Liability of Co-Sureties.
Meaning of Co-Sureties When two or more persons jointly guarantee the same debt or duty for a principal debtor, they are called Co-Sureties. Under the […]
61. Del Credere Agent
Meaning of Del Credere Agent A Del Credere Agent is a special type of agent under Section 185 of the Indian Contract Act, 1872. This […]
60. Continuing Guarantee.
Meaning of Continuing Guarantee A continuing guarantee is defined under Section 129 of the Indian Contract Act, 1872. It refers to a guarantee that extends […]
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 […]
47. Agency by Ratification
Meaning of Agency by Ratification Agency by Ratification arises when a person, known as the agent, acts on behalf of another person (the principal) without […]
46. General Lien
Meaning of General Lien A General Lien is a right recognized under the Indian Contract Act, 1872, which allows certain categories of persons to retain […]
45. Gratuitous Bailment
Meaning of Gratuitous Bailment A Gratuitous Bailment is a type of bailment defined under the Indian Contract Act, 1872 where goods are delivered by the […]
42. Termination of Agency.
Meaning and Legal Provisions The concept of Termination of Agency is governed by the Indian Contract Act, 1872 under Sections 201 to 210. An agency […]
40. Sub Agent
Meaning of Sub-Agent A Sub-Agent is defined under Section 191 of the Indian Contract Act, 1872. A sub-agent is a person employed by an agent, […]