Legal effects of Memorandum and Articles when registered
Legal effects of Memorandum and Articles when registered The effect of the Memorandum of Association and the Articles of Association when registered is that they bind each member to …
Tag: Legal aspets of business
Dishonor of Cheque | Meaning | Law | Criminal liability of drawer
Dishonor of Cheque – Meaning A cheque is said to have bounced, or been dishonored, by non-payment when the drawee (banker) commits defaults in payment upon being asked to …
Termination of Agency by operation of law
Termination of agency by operation of law An agency may be terminated by operation of law, under the circumstances explained below. 1. Completion of business: An agency automatically comes …
Top 10 Essential elements of Fraud
Essential Elements of Fraud The following are the top 10 essential elements of fraud. 1. False and Willful representation or Assertion: To constitute fraud there must be some representation …
Differences between Particular Lien and General Lien
Differences between Particular Lien and General Lien These two kinds of liens are different from each other in the following ways. 1. Availability A particular lien is available only …
Performance of Contract | Meaning | Types of Performance
Introduction A contract places a legal obligation upon the contracting parties to perform their mutual promises, and it carries on until the discharge or termination of the contract. The …