Day: December 8, 2022

Bankruptcy is a legal proceeding involving a person or business that is unable to repay their outstanding debts. The bankruptcy process begins with a petition filed by the debtor, which is most common, or on behalf of creditors, which is less common. All Read More …

Bailment mainly referred to as the Transfer of the Personal property to a person for the complete safekeeping purpose only. Normally, the Contract of bailment is a contractual relationship for a specific period of time. The person receiving property would Read More …

When one person signifies to perform the contract or discharge the liability incurred to the third party, on behalf of the second party, in case he fails, then there is a contract of guarantee. In this type of contract, there Read More …

NATURE OF THE CONTRACT Insurance is an important part of modern life. Individuals and businesses take out insurance to protect themselves from loss that may occur due to damage to property or loss of life. What is insurance?  This is Read More …

Introduction Partnership is the relation which subsists between persons carrying on a business in common with a view of profit. Characteristics of partnership Membership-The logical minimum number in partnership is 2 with a maximum of 20. It is not an Read More …

Introduction Businesses and consumers are usually free to contract on whatever terms they see fit. However, contracts involving sales of goods can be subject to a range of statutory provisions. It is important to distinguish between sale of goods and Read More …

TOPIC 1 : INTRODUCTION SALES OF GOODS – Click to view TOPIC 2 : LAW OF PARTNERSHIP – Click to view TOPIC 3 : CONTRACT OF INSURANCE – Click to view TOPIC 4 : CONTRACT OF GUARANTEE – Click to Read More …