Understanding Agency and Its Termination In the modern business world, the concept of agency is crucial for conducting trade, contracts, and transactions efficiently. An agency […]
Tag: business law
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. […]
43. Define “Contract of Partnership” and discuss the important elements for Formation of Partnership.
The Foundation of Partnership Law Business enterprises often need collective effort, shared resources, and mutual trust to succeed. This idea is legally recognized through partnership, […]
41. What are various methods for Creations of Agency?
Understanding Agency In modern commerce, it is almost impossible for one person to manage all aspects of business personally. This is where agency becomes an […]
41. Define the “Contract of Guarantee”, and discuss the extent of the Liability of the Surety.
Understanding the Contract of Guarantee In everyday business and financial transactions, lenders often rely on guarantees to secure repayment or performance obligations. A Contract of […]
38. What are the Rights of a Bailor against a Bailee when the later mixes his own goods v those of the former?
Understanding Bailment and the Issue of Mixed Goods Bailment is a key concept in commercial law, allowing one person to deliver goods to another for […]
37. What is a “Contract of Guarantee”? What are its characteristics? Distinguish between Contract of Guarantee and a Contract of Indemnity.
Understanding Contracts of Guarantee In modern business and finance, security and assurance are essential to maintain trust among parties. A Contract of Guarantee serves this […]
36. Define “Property”. Explain the Possession of and Rules relating to Passing of Property.
Understanding the Concept of Property Property is a fundamental concept in law and commerce, forming the basis of most contracts and transactions. In legal terms, […]
35. Discuss the Rights and Duties of Partners.
Understanding Partnership and Its Legal Framework A partnership is the foundation of many businesses and professional collaborations. It represents a relationship based on mutual trust, […]
34. Explain the Rights and Duties of Seller and Buyer before and after Sale.
Understanding the Relationship Between Seller and Buyer Every sale of goods is based on a contract — an agreement between the seller, who transfers or […]