Understanding the Concept of Bailment In daily life, we often hand over our goods to others — giving clothes to a dry cleaner, parking a […]
Tag: LLB notes
7. Explain the Nature of a contract of sale of goods and bring out clearly the distinction between a sale and an agreement to sell.
Foundation of Commercial Transactions In modern commerce, the sale and purchase of goods are fundamental to every business operation, from retail stores to international trade. […]
6. What is Contract of Agency? What are the essentials of relationship of Agency?
The Role of Agency in Business In modern business and commerce, individuals and organizations often rely on representatives to act on their behalf. This legal […]
5. What is the nature of a Surety’s authority? State his rights against the principal debtor.
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 […]
4. Define “Condition” and “Warranty”. Distinguish between condition and warranties
Foundation of Buyer–Seller Relationship In commercial transactions, especially in the sale of goods, the law provides certain protections to both the buyer and the seller […]
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 […]
1. Define “Bailment” and “Pledge”. When is a Pledge Created by Non-Owners Valid?
Understanding the Concept In the field of Contract Law, the concepts of bailment and pledge play a vital role in regulating the transfer of possession […]
64. Particular Lie and General Lien.
Meaning of Lien The term “lien” refers to the right of a person to retain possession of goods belonging to another until certain lawful charges […]
63. Compulsory Dissolution of a Firm.
Meaning of Compulsory Dissolution According to Section 39 of the Indian Partnership Act, 1932, dissolution of a firm means the termination of the relationship between […]