Understanding the Concept In the field of Contract Law, the concepts of bailment and pledge play a vital role in regulating the transfer of possession […]
Tag: contract law
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 […]
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 […]
56. Doctrine of Contribution
Meaning of Doctrine of Contribution The Doctrine of Contribution arises in the law of contracts and suretyship, ensuring equitable distribution of liability among co-sureties. Under […]
49. Nemo dat Quod Non – Habet
Meaning of Nemo Dat Quod Non Habet The Latin maxim “Nemo dat quod non habet” means “no one can transfer a better title than he […]
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 […]
40. Sub Agent
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, […]
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 […]