Understanding Bailment and Bailee In everyday life, we often hand over our goods or belongings to others for safekeeping, repair, or transportation. This act is […]
Tag: contract law
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 […]
5. What is the nature of a Surety’s authority? State his rights against the principal debtor.
Concept of Suretyship in Contract Law In business and commercial transactions, guarantees play a vital role in ensuring trust and financial security. When one person […]
3. Discuss the rule an agent shall not delegate his authority
Understanding the Role of an Agent In the world of business and commerce, agents play a vital role in connecting principals with third parties. The […]
What Are the Rights of the Surety Against the Principal Debtor, Creditor, and Co-Sureties?
Understanding the Concept of Surety and Guarantee The law of contract of guarantee is an important aspect of the Indian Contract Act, 1872, which aims […]
1. Define “Bailment” and “Pledge”. When is a Pledge Created by Non-Owners Valid?
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 […]
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 […]