Business and Industrial Law

Condition:  A condition is a stipulation essential to the main purpose of the contract, the breach of which gives the aggrieved party a right to repudiate the ...

Implied conditions and warranties are deemed to be incorporated in every contract of sale of goods unless the terms of the contract show a contrary intention. ...

Termination of agency occurs when the relationship between the principal and the agent comes to an end. Like any other contract, the contract of agency may ...

Agency is a personal relationship based on mutual trust and confidence between the principal and the agent. Section 190 provides that an agent cannot lawfully ...

As agent is only a connecting link between his principal and third party. He cannot, as a rule, personally enforce the contract entered into by ...

Substituted Agent : In some cases, principal asks agent to appoint another person to do some work (which is normally not done by the agent). In such case, ...

An agency is irrevocable in the following cases: Where the agency is coupled with interest . Where the agent has himself an interest in the subject matter of ...

The two terms 'agent' and 'principal' have been defined in Section 182 of the Indian Contract Act. An agent is a person employed to do an act for another or to ...

A surety is vested with a lawful authority either against the creditor or against the principal debtor or against co-surety only when he discharges his ...

A surety is said to be discharged from liability when his liability comes to an end. The various modes of discharge of a surety are given below: By revocation ...

Nature and Extent of Surety's Liability Co-extensive: Section 128 of Indian Contract Act deals with the nature of the liability of the surety. According ...

Continuing Guarantee: A guarantee may be given in two ways, on the basis of these ways, there can be two types of guarantees: specific and continuing: ...

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