Understanding the Contract of Guarantee In everyday business and financial transactions, lenders often rely on guarantees to secure repayment or performance obligations. A Contract of […]
Tag: LLB notes
40. Explain the Definition and Nature of Partnership and discuss the Rights and Duties of Partners
Understanding Partnership A partnership represents one of the oldest and most widely used forms of business organization. It allows two or more individuals to pool […]
38. What are the Rights of a Bailor against a Bailee when the later mixes his own goods v those of the former?
Understanding Bailment and the Issue of Mixed Goods Bailment is a key concept in commercial law, allowing one person to deliver goods to another for […]
37. What is a “Contract of Guarantee”? What are its characteristics? Distinguish between Contract of Guarantee and a Contract of Indemnity.
Understanding Contracts of Guarantee In modern business and finance, security and assurance are essential to maintain trust among parties. A Contract of Guarantee serves this […]
36. Define “Property”. Explain the Possession of and Rules relating to Passing of Property.
Understanding the Concept of Property Property is a fundamental concept in law and commerce, forming the basis of most contracts and transactions. In legal terms, […]
35. Discuss the Rights and Duties of Partners.
Understanding Partnership and Its Legal Framework A partnership is the foundation of many businesses and professional collaborations. It represents a relationship based on mutual trust, […]
34. Explain the Rights and Duties of Seller and Buyer before and after Sale.
Understanding the Relationship Between Seller and Buyer Every sale of goods is based on a contract — an agreement between the seller, who transfers or […]
33. Discuss the Definition of “Guarantee” and explain the essential Characteristics of Contract of Guarantee.
Understanding the Concept of Guarantee In commercial and financial transactions, it is common for one person to assure another about the performance or payment obligations […]
11. What do you mean by “Pledge”? Who can Pledge? Discuss with latest examples.
Understanding the Concept of Pledge In commercial transactions, the transfer of goods as security for a debt or performance of a promise is a common […]
10. Define “Contract of Guarantee”. What are the effects of misrepresentation and concealment on contract of guarantee?
Understanding the Concept of a Contract of Guarantee In the world of business and finance, credit transactions are inevitable. Often, lenders and creditors need additional […]