Differences between a Sub-Agent and a Substituted Agent
Differences between a Sub-Agent and a Substituted Agent The following are some of the differences between a Sub-Agent and a Substituted agent. 1. Control: A sub-agent is the agent …
Tag: business law
Share Warrant | Meaning | Conditions | Merits and Demerits
What is a Share Warrant? A Share Warrant is a document issued by the company under its common seal, stating that its bearer is entitled to the shares or …
Wagering Agreement | Meaning | Essentials | Exceptions | Effects
What is a Wagering Agreement? Agreements entered into between parties under the condition that money is payable by the first party to the second party on the happening of …
15 Agreements Opposed to Public Policy | Explanation | Examples
Agreements Opposed to Public Policy An agreement which is opposed to “Public Policy” cannot be enforced by either of the parties to it. Public Policy is the “Policy of …
Types of Damages for Breach of Contract with Examples
Types of Damages for Breach of Contract There are four types of damages which can be claimed by the aggrieved party. Ordinary Damages or General Damages. Special Damages Exemplary …
Particular Lien | General Lien | Meaning | Example | Conditions
What is a Particular Lien? Particular lien is one in which the person has a right to retain the possession of goods for which the charges are due. Particular …
Relationship between the Memorandum and Articles
Relationship between the Memorandum and Articles The following are some of the relation between Memorandum of Association and Articles of Association. 1. Both these documents are subordinate to the …
Mercantile Law or Business Law | Definition | Scope | Sources
Definition of Mercantile Law or Business Law Mercantile law may be defined as that branch of law which consists of laws relating to trade, industry and commerce. It is …
Procedures for Voluntary Winding Up of Company by Members
Voluntary winding up is of two types. They are Members Voluntary winding up, and Creditors’ Voluntary Winding up. This article discusses the procedures pertaining to Members’ Voluntary Winding up …
Doctrine Of Caveat Emptor | Example | Meaning | Exceptions
What is Caveat Emptor? The maxim Caveat Emptor means let the buyer beware. In other words, the buyer must take care of his own interest while purchasing the goods. …