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 […]
Tag: indian contract act 1872
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 […]
65. Liability of Co-Sureties.
Meaning of Co-Sureties When two or more persons jointly guarantee the same debt or duty for a principal debtor, they are called Co-Sureties. Under the […]
61. Del Credere Agent
Meaning of Del Credere Agent A Del Credere Agent is a special type of agent under Section 185 of the Indian Contract Act, 1872. This […]
60. Continuing Guarantee.
Meaning of Continuing Guarantee A continuing guarantee is defined under Section 129 of the Indian Contract Act, 1872. It refers to a guarantee that extends […]
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 […]
47. Agency by Ratification
Meaning of Agency by Ratification Agency by Ratification arises when a person, known as the agent, acts on behalf of another person (the principal) without […]
46. General Lien
Meaning of General Lien A General Lien is a right recognized under the Indian Contract Act, 1872, which allows certain categories of persons to retain […]
45. Gratuitous Bailment
Meaning of Gratuitous Bailment A Gratuitous Bailment is a type of bailment defined under the Indian Contract Act, 1872 where goods are delivered by the […]