Day: September 23, 2020

Put the tenant in possession: the landlord must handover to the tenant such means as will enable him enter into occupation. Duty of repair: the landlord is bound to repair the roof, main drains, common passages and installations. Ensure quiet Read More …

Principal of insurance Insurable interest: this is the financial or monetary or pecuniary interest which is at stake or danger if the subject matter is uninsured. It is the interest which a person has in subject matter, which he stands Read More …

Put the goods into a deliverable state. Deliver the goods the subject matter of contract Pass a good title to the buyer Supply goods of the right quantity Supply goods of the same quality Under section 36 of the Sale Read More …

Remedies for breach of contract are either common law or equitable. Whereas a common law remedies are enforced as of right, i.e. the plaintiff is entitled to the remedy if a breach of contract or loss are proved, equitable remedies Read More …

Under section 39 of the Partnership Act, a court may order the dissolution of a partnership on the following grounds: If a partner has become a lunatic or is permanently of unsound mind If a partner is continuously guilty of Read More …

Partners share profit or loss equally A partner who incurs loss or liability in the course of the firms business is entitled to indemnity A partner who lends money to the firm is entitled to interest at the rate of Read More …