Meaning of Hire-Purchase Agreement
Hire-purchase agreement is an agreement by which goods is let on hire and the hirer has an option to purchase it in accordance with the terms of the agreement; under. 1.Possession of goods is...
Category: Business management
Effects of Destruction of Subject Matter in goods sale
Sections 7 and 8 of the Sale of Goods Act 1930 deal with the effect of perishing of goods on the rights and obligations of the parties to a contract of sale. Goods are...
Remedies Available to the Aggrieved Party
In case of the breach of contract for the sale of goods, the buyer or the seller as aggrieved parties have been granted some remedies as follows: Remedies Available to the Buyer Under Sec....
Effects of Destruction of Subject Matter in goods sale
Sections 7 and 8 of the Sale of Goods Act 1930 deal with the effect of perishing of goods on the rights and obligations of the parties to a contract of sale. Goods are...
Relevant rules Regarding Acceptance
The following might be the relevant rules in connection with the acceptance: (1) Acceptance Must Certainly be Communicated. The acceptance shall be considered to be valid only when the acceptance has been communicated. Merely...
Meaning of Acceptance
Any offer or proposal is put with the intention that the acceptance could be received as per its object or aim. The ‘acceptance’ establishes the legal relations between the proposer and the acceptor. According...
Statutory Rules Regarding Offer
DOWNLOAD YOUTUBE REVANCED The following legal rules concerning the offer are quite important: (1) Offer Must be Made with the Object of Establishing Legal Relationships. There must be established the legal relations between the...
Rights of the Surety
DOWNLOAD YOUTUBE REVANCED MOD APK After making the payment and discharging the liability of the principal debtor, the surety gets various rights. Such rights are of three types as follows: (i) rights against the...
Discharge of Surety from Liability
A surety is said to be discharged from his liabilitywhen his liability under the contract comes to an end. The following are the modes or circumstances under which a surety is discharged from his...
Nature and Extent of Surety’s Liability
The nature and extent of surety’s liability may be understood from the following points: 1. The liability of surety is co-extensive- Section of the Contract Act lays down that unless there is a contract...