Day: March 4, 2022

BAILMENT This is a contract whereby a party known as bailor delivers goods to another known as bailee with specific instructions that the goods be dealt with in a particular manner or be returned as soon as the purpose for Read More …

Once an agency relationship is created, an agent comes into existence .An agency relationship may come into existence in the following ways; 1. By agreement, contract or appointment 2. By ratification 3. By estoppel 4. By necessity 5. By presumption Read More …

An agent is a person employed to do any act for another or to represent another in dealings with third persons. The person for whom such is done, or who is represented, is called the principal‖. The contract which creates Read More …

Outsourcing most commonly known as off-shoring has pros and cons to it. Most of the time, the advantages of outsourcing overshadow the disadvantages of outsourcing. The Advantages of Outsourcing Swiftness and Expertise: Most of the times tasks are outsourced to Read More …

Outsourcing is an arrangement in which one company provides services for another company that could also be or usually have been provided in-house. Outsourcing is an allocation of specific business processes to a specialist external service provider. Outsourcing is a Read More …

Subcontracting is the practice of assigning part of the obligations and tasks under a contract to another party known as a subcontractor. Subcontracting is especially prevalent in areas where complex projects are the norm, such as construction and information technology. Read More …