Types of Agents in Contract
moulik Introduction In commercial and legal contexts, agents play a crucial role by acting on behalf of principals in various transactions. The Indian Contract Act, of 1872, provides a comprehensive framework…
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Rights and Duties of Agents
Introduction The relationship between an agent and principal is foundational to many commercial transactions. Under the Indian Contract Act, of 1872, this relationship is governed by specific rights and duties…
Agency in Contract | Meaning and Nature
Introduction When you think about buying or selling property, the maze of paperwork, legalities, and financial intricacies can be overwhelming. This is where title agencies come to the rescue. They…
Rights and Duties of Pawnor and Pawnee
Introduction The concept of pledge is fundamental in contract law, especially in the context of securing loans and obligations. Defined under Section 172 of the Indian Contract Act, 1872, a…
What is Pledge | Meaning and Nature
Introduction A pledge is a special type of bailment where goods are transferred as security for a debt or performance of a promise. In India, this concept is governed by…
Difference Between Bailment and Pledge
Introduction Understanding the difference between bailment and pledges is essential in legal and financial contexts. Though they might seem similar, they serve distinct purposes and come with unique rights and…
Rights and Duties of Bailor and Bailee
Introduction Bailment refers to the process where one party (the bailor) transfers the ownership of goods to another party (the bailee) for a specific purpose, with the understanding that the…
What is Bailment | Meaning & Nature
Introduction Bailment is a legal relationship where one person (the bailor) delivers goods to another person (the bailee) for a specific purpose, upon an agreement that the goods will be…
Types of Guarantees in Contract Law
Introduction In contract law, a guarantee is a commitment to fulfil the obligations of another party if that party fails to do so. Understanding the different types of guarantees can…
Contract of Guarantee | A Comprehensive Guide
Introduction When it comes to financial transactions, understanding the intricacies of a contract of guarantee can save you from potential pitfalls. In this guide, we’ll delve into the essentials of…