What is a Void Agreement? An agreement, which is not enforceable by law, is void agreement. A void contract should be distinguished from void agreement. The differences between them
What is Stranger to Contract or Privity of Contract? The expression “Privity of Contract” is a doctrine, which means stranger to a contract. It means that a person,
Rights and Liabilities of Principal and Agent to Third Parties The rights and liabilities of a principal in relation to third parties under contracts made by his agent
Incorporation or Registration of a Company After Promotion, the second stage in the formation of a company is the registration or incorporation. The promoter of a company should
What is a Meeting? In common parlance, the word meeting means an act of coming face to face, coming in company or coming together. The Oxford Dictionary defines
Relationship between the Memorandum and Articles The following are some of the relation between Memorandum of Association and Articles of Association. 1. Both these documents are subordinate to
What is Ultra Vires? The term “Ultra” means beyond and “Vires” means powers. The term, therefore, means the doing of an act, which is beyond the legal power,
Duties of a Promoter The following are the important duties and liabilities of a promoter: 1. Duty to Disclose The promoter is under a duty to disclose fully
Voluntary winding up is of two types. They are Members Voluntary winding up, and Creditors’ Voluntary Winding up. This article discusses the procedures pertaining to Members’ Voluntary Winding
