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 […]
Tag: Lawgnan
32. Registration of a Firm.
Meaning of Registration of a Firm The Registration of a Firm refers to the process of formally recording the existence of a partnership under the […]
31. Partnership at Will.
Meaning of Partnership at Will A Partnership at Will is a form of partnership where no specific duration of the partnership is fixed, nor is […]
30. Minor’s Contract.
Meaning of Minor’s Contract A minor under Indian law is a person who has not completed 18 years of age (or 21 years in cases […]
28. Rights of the Surety
Meaning of Surety and His Rights A surety is a person who promises to the creditor to discharge the liability of a principal debtor in […]
27. Hypothecation
Meaning of Hypothecation Hypothecation refers to a type of security interest in which a debtor pledges movable assets to a creditor as collateral for a […]
26. Rights of Pawner.
Meaning of Pawner and His Rights A Pawner is the person who delivers goods to another (the Pawnee) as security for payment of a debt […]
25. Caveat Emptor.
Meaning of Caveat Emptor Caveat Emptor is a Latin term meaning “Let the buyer beware.” Under the Indian Contract Act, 1872, it is a fundamental […]
24. Auction Sale.
Meaning of Auction Sale An Auction Sale is a public sale where goods are sold to the highest bidder, usually conducted by an auctioneer. The […]
23. Contract of Guarantee.
Meaning of Contract of Guarantee A Contract of Guarantee is defined under Section 126 of the Indian Contract Act, 1872. It is a contract where […]