Category: business Law

Rights of an Unpaid Seller

The rights of an unpaid seller are classified as following 1.Rights of an unpaid seller against the goods; and 2.Rights of an unpaid seller against the buyer. (1) Unpaid Seller’s Rights Against the Goods...

Right of the Seller

As per Sec. 27 of the Sale of Goods Act, no buyercould acquire a title better than that of the seller. Whatever kind of the right is possessed by the seller, good or bad,...

Revocation of Continuing
Guarantee

Continuing guarantee may be revoked in any of the following ways: 1. By notice of revocation: Section 130 of the Contract Act lays down that a continuing guarantee may be revoked at any time...

Performance of joint Promises

When there are more than one promisor or promisee in a contract, it is known as joint promise. Joint promises may take any of the following shapes- 1.Where several joint promisors make a promise...

Who can demand performance?

It is only the promisee who can demand performance of the promise under a contract. A third party can not demand performance of the contract even if it was made for hisbenefit. In case...

                             

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