Understanding the Concept of Guarantee In commercial and financial transactions, it is common for one person to assure another about the performance or payment obligations […]
Category: LLB 2nd Sem LAW OF CONTRACT – II [Long Answers]
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 […]
30. What is “Contract Guarantee”? Discuss the law relating to Rights and Liabilities of Surety
Overview The law of contract forms the foundation of commercial and personal agreements, ensuring that promises made between parties are legally enforceable. Among various forms […]
29. Who is “Unpaid Seller”? What are his Rights according to the Sale of Goods Act.
Understanding the Concept of Unpaid Seller In every sale transaction, the seller expects payment from the buyer in return for the goods sold. But what […]
28. Explain the Doctrine of “Caveat Emptor” and state the Exception to it.
Understanding the Doctrine In every sale transaction, both the buyer and the seller have certain duties and responsibilities. The law expects both parties to act […]
27. Define a “Contract of Sale” and “Agreement to Sell” and distinguish between them.
Understanding the Concept In commercial transactions, buying and selling of goods form the foundation of trade and commerce. Every sale, whether simple or complex, is […]
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 […]
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 […]