Estoppel: Concept and Legal Basis Estoppel is a settled doctrine that stops a person from contradicting a previous representation. The law applies this rule when […]
Tag: law exam notes
Ramani’s husband was not known for 7 yrs believing that her husband died. She got married for the Second Time. Meanwhile husband arrived and filed a Criminal Case against wife. Whether wife is liable or not? A is liable or not?
Facts of the Case Ramani’s husband disappeared and his whereabouts were unknown for 7 years.Believing that he had died, Ramani entered into a second marriage.After […]
11. Hire Purchase Agreement
Meaning of Hire Purchase Agreement A Hire Purchase Agreement (HPA) is a contract in which the owner of goods (the seller) allows another person (the […]
10. Surety.
Meaning of Surety A surety is a person who promises to the creditor to fulfill the debt or obligation of another (the principal debtor) in […]
9. Pledge by non-owner.
Meaning of Pledge by Non-Owner Normally, only the owner of goods has the right to create a valid pledge. However, under certain circumstances, even a […]
8. Indemnity
Indemnity – Meaning and Definition The term indemnity means to make good the loss of another person. Under Section 124 of the Indian Contract Act, […]
7. Dissolution of Partnership
Meaning of Dissolution of Partnership Under the Indian Partnership Act, 1932, Section 39 defines dissolution of partnership as the termination of the relationship among partners […]
6. Dormant Partner
Meaning of Dormant Partner A Dormant Partner, also called a Sleeping Partner, is one who invests capital in the firm but does not take part […]
5. Caveat Emptor
Meaning of Caveat Emptor The principle of Caveat Emptor, meaning “let the buyer beware”, is embodied in Section 16 of the Sale of Goods Act, […]