Confound between Memorandum and Articles of Association The memorandum of association of a company states the company name and aims to out the main and subsidiary objectives of the company. An article…
Endorsement in negotiable instruments Endorsement in negotiable instruments The endorsement has different meanings, but in the law of negotiable instruments such as checks and securities, it is the act…
Rules Regarding Minor’s Agreement Rules Regarding Minor’s Agreement A Person under the age of eighteen years is called a Minor. An infant or a minor is a person who…
Consensus ad idem Consensus ad idem The Latin term consensus ad idem, an “agreement of the minds,” is used to describe a situation where people fully understand a…
Distinguish between Sale and Agreement to Sale When in a contract of sale, the exchange of goods for money consideration takes place immediately, it is known as Sale. Example: ‘X’ sold 10…
Minor’s Agreement Minor’s Agreement A Person under the age of eighteen years is called a Minor. An infant or a minor is a person who is not…
Distinguish between Void Agreement and Voidable Contract Distinguish between Void Agreement and Voidable Contract Void agreements are those agreements which are not enforced by law courts. Legally, a void agreement means the…
Executory Contract Executory Contract Executory Contract is the contract stipulates that both sides still have duties to perform before it becomes fully executed. When you enter into…
Indemnity and Guarantee in Contract Indemnity and Guarantee in Contract A contract where one party promises to save the other from any loss caused to him by the conduct of…
Difference between Agreement and Contract Difference between Agreement and Contract An agreement is any understanding or arrangement reached between two or more parties. When a proposal is accepted by the…