Discharge of Contract by Impossibility If the performance of a contract is impossible, the contract is discharged. This is because the parties cannot perform their respective obligations. Types
Discharge of Contract by Performance When the parties to a contract perform their respective promises, the contract is said to have been performed. This is the normal and
Classification of agents on the basis of extent of Authority On the basis of extent of authority, the agents may be classified as Agents, General Agents and Universal
10 Important requisites of Valid Ratification The requisites of valid ratification are as follows: 1. The Principal should be in Existence The agent must expressly contract an agent
Personal Liability of Agents entering into Contracts An agent is not personally liable for the contracts entered into by him on behalf of his principal unless there is
Advantages of Preference Shares The following are some of the advantages of Preference Shares. 1. Suitable to Cautious Investors: This is suitable for investors who do not like
Distinction between a Share Certificate and a Share Warrant The following are some of the differences between Share Certificate and Share Warrant. 1. A share certificate is to