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Meaning of Pledge & Bailment
What is Bailment & Pledge? Bailment : The word bailment is derived from the French word bailer which means to deliver. Bailment is the delivery of goods by one person to another from some purpose, when the purpose is accomplished, the goods is returned to or otherwise disposed off according to Read More →
Legal – Contract of Agency
What is Contract of Agency? An agent is a person employed to do any act for another or to be represent another in dealing in 3rd person. The person to whom such act is done or who is so represented is called the principal & the relationship between principal & Read More →
Legal – Effect of Destruction of Subject Matter
What is the Effect of Destruction of Subject Matter? Goods perishing before making a contract – Where there is a contract for sale of specific goods, the contract is void. In case, only part of goods are destroyed or damaged, the performance of contact is depends upon whether the Read More →
Legal Law & Act | Transfer of Ownership
Get the legal law & act information : What is Transfer of ownership? Transfer or ownership means that the buyer will become the owner of the goods and seller seizesto transfer of ownership is different from transfer of possession. Merely transfer of possession does not make the transferee the owner Read More →
Legal Law & Act | Different Modes for Dissolution of a Firm
Get the legal law & act information : What are the Different Modes of Dissolution of Firm? Dissolution by Agreement: A partnership firm comes into existence by mutual agreement and therefore it can also be dissolved by the mutual consent of all the partners. Dissolution By Operation of Law (Compulsary) Read More →
Negotiable Instrument
Q. What is Negotiable Instruments and what are its Characteristics ? Negotiable instrument means a document in writing which creates a right in favour of some person and which is freely transferable by delivery e.g. Promissory note, bill of exchange, cheque etc. Characteristics: Negotiability - A document is negotiable if it can be transferred Read More →
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