Business Law

According to section 182. “An agent is a person employed to do any act for another … Rights and Duties of AgentsRead more

What is Assignment of contracts? Assignment of contracts means to transfer of the contractual rights and … What is Assignment of Contract | Rules AND ExamplesRead more

What is Performance of Contract and when the contract is valid? It is a legal compulsion … What is Performance of Contract | Rules for Performance of ContractRead more

It is a promise where two or more parties enter into a contract with one or … What is Joint Promise | Performance of Joint PromisesRead more

What is the difference between condition and warranty? A contract of sale contains many stipulations regarding, … What is the Difference Between Condition and WarrantyRead more

What is Acceptance of Proposal? According to the Contract Act, “When the person to whom the … What is Acceptance of Proposal | Essentials of a Valid AcceptanceRead more

The agent has been defined under section 182 of the Contract Act 1 872 as follows: … Definition of Agent | Types of Agents | Personal LiabilitiesRead more

What is Contract of guarantee? According to section 126 of The Contract Act, a contract of … Contract of Guarantee | Parties | Modes of TerminationRead more

Contract of indemnity is a contract in which one party promise to pay the amount of … Contract of Indemnity | Parties to the ContractRead more

What is Revocation of Acceptance? According to section 5 of the Contract Act, an acceptance may … Revocation of Acceptance | Communication of AcceptanceRead more