A bill of exchange may be discharged in the following ways: Payment in due course Acceptor the holder at maturity or merger Cancellation Material alteration Non-presentation for payment Renunciation or waiver
Month: September 2020
Meaning of ratification as used in the law of agency
This is the adoption or affirmation by the “principal” of a contract previously entered into by another person purpoting to act on his behalf. Ratification creates agency after the “agent” has acted. The relationship arises when the “principal” adopts or Read More …
Duties of the buyer towards the seller
Duties of the buyer towards the seller: Take delivery Under section 28 of the Sale of Goods Act, it is the duty of the buyer to take delivery of the goods the subject matter of the contract failing which he Read More …
Categories of unascertained goods under Sale of Goods Contract
The definition for unascertained goods is the goods that are not specifically identified at the time a contract of sale is made Categories of unascertained goods. Goods to be manufactured by the seller Crops to be grown by the seller Purely generic goods An unidentified Read More …
Circumstances when a private individual may sue on his own behalf for public nuisance
Private Nuisance: This is the unlawful interference of a person’s use of land or right over or in connection with his land. It entails an unreasonable behaviour which interferes with another persons use of his land. It affects the individual Read More …
Meaning of Private Nuisance and Private Nuisance
Private Nuisance: This is the unlawful interference of a person’s use of land or right over or in connection with his land. It entails an unreasonable behaviour which interferes with another persons use of his land. It affects the individual Read More …
