Factors affecting the purchasing of office furniture Carl Heyal in his book on Hand Book of Modern Office Management and Administrative Services, list out the following factors to
Remedies for Breach of Contract Parties to a contract are obliged to perform their respective promises. But situation arises where one of the parties to a contract may break the
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
Understanding Audit Report The auditor’s report is the end product of each audit. Audit report is considered as and important channel through which opinions of an auditor about the financial statements
Benefits of employee empowerment Research has proved that there are several positive benefits in empowering front line employees. David Bowen and Edward Lawler have pointed out the following
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