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
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,
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
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,
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
