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 […]
Tag: Lawgnan
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 […]
53. Limited Liability Partnership.
Meaning and Nature of LLP A Limited Liability Partnership (LLP) is a hybrid form of business organization introduced under the Limited Liability Partnership Act, 2008. […]
52. Contract of Partnership.
Meaning and Definition A contract of partnership is governed by the Indian Partnership Act, 1932. Section 4 defines partnership as the “relation between persons who […]
51. Sale by Non-Owner
Principle of Sale by Non-Owner The general principle governing the sale of goods is expressed by the maxim “Nemo dat quod non habet”, which means […]
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 […]
48. Unascertained Goods
Meaning of Unascertained Goods Under the Sale of Goods Act, 1930, goods are classified into specific and unascertained goods. According to Section 2(14), unascertained goods […]
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 […]