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, […]
Tag: Legal Studies
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 […]
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. […]
25. Explain the Rights of Agent against Principal.
Understanding the Concept of Agency The relationship between a principal and an agent forms the backbone of commercial and business transactions. In modern business, it […]
24. What are the essential Characteristics of Contract of Guarantee? Distinguish between Indemnity and Guarantee.
Understanding Contract of Guarantee In commercial and personal transactions, lenders, sellers, and businesses often require assurance that obligations will be fulfilled. This assurance is provided […]
4. Define “Condition” and “Warranty”. Distinguish between condition and warranties
Foundation of Buyer–Seller Relationship In commercial transactions, especially in the sale of goods, the law provides certain protections to both the buyer and the seller […]
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 […]
What Are the Rights of the Surety Against the Principal Debtor, Creditor, and Co-Sureties?
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 […]
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 […]
64. Particular Lie and General Lien.
Meaning of Lien The term “lien” refers to the right of a person to retain possession of goods belonging to another until certain lawful charges […]