Meaning of Business Enterprise Business Enterprise or a Business undertaking is an institutional arrangement to conduct one or other type of business activity. According to Wheeler Business undertaking
10 Most important functions of a Group Leader A group leader undertakes the following functions: 1. He represents the undertaking and its purposes, ideals, philosophy and problems to
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Rules governing consideration in a Contract The following are the Rules governing consideration in a contract. Consideration must move at the desire of the promisor. Consideration may Move
What is Consideration in a Contract? Consideration is the foundation of every contract. The law enforces only those promises that are made for consideration. An agreement without consideration
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,
Definition of Combination Trust In the words of Haney, combination trusts are, a form of business organization established through temporary consolidation in which the stock-holders of the constituent organizations