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 […]
Tag: business law
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 […]
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 […]
8. A partner is the agent of the firm for the purpose of the business of the firm”. Explain.
Partnership as a Legal Relationship In the world of business, partnership is one of the oldest and most flexible forms of business organization. A partnership […]
7. Explain the Nature of a contract of sale of goods and bring out clearly the distinction between a sale and an agreement to sell.
Foundation of Commercial Transactions In modern commerce, the sale and purchase of goods are fundamental to every business operation, from retail stores to international trade. […]
6. What is Contract of Agency? What are the essentials of relationship of Agency?
The Role of Agency in Business In modern business and commerce, individuals and organizations often rely on representatives to act on their behalf. This legal […]
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 […]
67. Liability of Estate of Deceased Partner.
Meaning and Concept Under the Indian Partnership Act, 1932, a partnership firm is an association of persons who carry on business jointly with a view […]
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 […]
41. Consequences of Non Registration of a Firm
Meaning and Legal Provision Under the Indian Partnership Act, 1932, the registration of a partnership firm is not compulsory, but Section 69 clearly provides the […]