Business
Bailment – Definition and Features
A bailment is a delivery of goods one person to another for some purpose upon a contract that they shall be returned or otherwise disposed…
Insurance
Business
Difference between Indemnity Contract and Guarantee Contract
A contract where one party promises to save the other from any loss caused to him by the conduct of promisor himself or any other…
Business
Types of Considerations with an example
Consideration in contract law is simply the exchange of one thing of value for another. Without consideration, a contract cannot be enforced or is otherwise…
Business
Distinguish between Fraud and Misrepresentation
The basic difference between misrepresentation and fraud is that in fraud the person making the representation does not himself believe in the truth of the…
Business
An agreement without consideration is void – explain
An agreement without consideration is void – Consideration in contract law is simply the exchange of one thing of value for another. Without consideration, a…
Business
Breach of Contract
Breach of Contract A breach of contract is a violation of any of the agreed-upon terms and conditions of a binding contract. A business contract…
Business
Consideration in Contact Law
Consideration is the foundation of every contract. The law enforces only those promises which are made for consideration. Where one party promises to do something,…
Business
Guarantee Contract
Guarantee Contract: A contract to perform the obligation or to discharge the liability of a third party in case of its default is called contract…
Business
Indemnity Contract
Indemnity Contract: A contract where one party promises to save the other from any loss caused to him by the conduct of promisor himself or…
Business
How an offer is revoked?
An offer may be communicated to the offeree or offerees by word of mouth, by writing or by conduct. The general rule is that the…
Load More