Mixrootmods Managment study material

Limitations of Partnership

Some of the chief drawbacks or limitations existing in the partnership form of business organisation, might be mentioned as under: (1) Evils of Mutual conflicts- All the partners are entitled to participate in the...

An Ideal Partnership act

An ideal partnership is a word used for a successful business. It is a business where all the partners work honestly and for a common purpose. There is a perfect understanding among them and...

Kinds of Partnership act 1932

classified as under:There are different kinds of partners and they may be 1. Active Partner- An active partner is one who takes active part in the day-to-day working of the business. Henmay act in...

Indian Partnership Act, 1932

The law governing partnership in India is now em-bodied in the Indian Partnership Act, 1932 which came into force [except Sec. 69] on the 1st day of October 1932. Prior to this act, the...

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...

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,...

                   

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