Meaning and Concept Talaq Ahsan is regarded as the most approved and proper form of divorce under Sunni Muslim Law. The word “Ahsan” means “best” […]
Tag: Law Notes
53. Explain the effect of death, insanity and Insolvency of the principal or the Agent on a Contract of Agency
Understanding Agency and Its Termination Agency is a core concept in contract law, enabling a person, called the agent, to act on behalf of another, […]
52. Discuss the Rights and Duties of Bailee.
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 […]
18. Explain what actions and omissions would discharge a Surety from obligations.
Understanding the Concept of Surety In the world of commercial transactions and credit-based dealings, a contract of guarantee plays a significant role in ensuring trust […]
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 […]
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 […]
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 […]
55. Company as a Partner.
Concept of Company as a Partner A company is an artificial legal person created under the Companies Act, 2013, having a separate legal entity distinct […]
54. Warranties.
Meaning of Warranties A warranty is a stipulation that is collateral to the main purpose of the contract of sale. Section 12(3) of the Sale […]
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 […]