Tag: business law
Business Law
Transfer of Ownership The word “Property in the Goods” means the legal ownership or title to the goods. Sale of goods involves transfer of ownership or property from the …
Business Law
Who is an Unpaid Seller? An unpaid seller is one to whom the whole of the price has not been paid or a bill of exchange or such other …
Business Regulatory Framework
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 front …
Business Regulatory Framework
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 subject …
Business Regulatory Framework
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 are: …
Business Regulatory Framework
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, who …
Business Law
Methods of Borrowing by a Company Almost all trading companies, in the course of their operation, stand in need of money over and above their paid-up capital. They satisfy …
Business Law
Types of Partners in a Business Partnership Partners are of different kinds in a business partnership. They are as working partner, sleeping partner, nominal partner, partner by estoppel, limited …
Business Law
What are the Rights of Partners on dissolution of Partnership? On the dissolution of partnership, a partner has the following rights. Right to an equitable lien Right to return …
Business Law
Essential elements of a valid sale or a contract of sale The following are some of the essential elements of a valid sale or a contract of sale. 1. …
