Meaning of Sub-Agent A Sub-Agent is defined under Section 191 of the Indian Contract Act, 1872. A sub-agent is a person employed by an agent, […]
Tag: business law
39. Mercantile Agent.
Definition of Mercantile Agent A Mercantile Agent is defined under Section 2(9) of the Indian Sale of Goods Act, 1930. It refers to an agent […]
38. Actual Delivery.
Meaning of Actual Delivery Actual Delivery refers to the physical handing over of goods by the seller to the buyer or their authorized agent. Under […]
37. Specific Goods.
Meaning of Specific Goods Specific Goods are defined under Section 2(14) of the Sale of Goods Act, 1930 as goods that are identified and agreed […]
36. Agency by Operation of Law.
Meaning of Agency by Operation of Law Agency by Operation of Law arises not from an express agreement between parties but automatically due to circumstances […]
34. Movable Goods.
Meaning of Movable Goods Movable goods refer to all kinds of goods that are tangible and capable of being moved from one place to another, […]
33. Contract of “Suretyship”.
Meaning of Contract of Suretyship A Contract of Suretyship is defined under Section 126 of the Indian Contract Act, 1872. It is a contract in […]
32. Registration of a Firm.
Meaning of Registration of a Firm The Registration of a Firm refers to the process of formally recording the existence of a partnership under the […]
31. Partnership at Will.
Meaning of Partnership at Will A Partnership at Will is a form of partnership where no specific duration of the partnership is fixed, nor is […]
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 […]