In this article we will discuss the history of Insurance in India but before that we will first learn about the concept of Insurance. What is the concept of Insurance? Life is full of risk. Whether one is inside the house or outside, whether going on foot or travelling on bicycle, car, bus, train or […]
It is a well established principle of Contract law that all contracts are agreements but all agreements are not contract. This might seem a little confusing, so, we will first learn about agreements and contracts. What is an Agreement? An Agreement is a promise backed by consideration. Section 2(e) of the Indian Contract Act, 1872
Qui facit per alium facit per se is a Latin maxim that translates to, “He who acts through another is acting himself” This legal maxim is often used in the law of torts to expound on the law that the principle is liable for the acts of this agents in certain circumstances. Literal translation &
Qui facit per alium facit per se: Meaning and History Read More »
Meaning of Bailment: Bailment is derived from the French word ‘bailer’ means ‘to deliver a thing under a control’ its a relationship in common law where physical possession but not ownership of personal property, is transferred from one person to another for a specific reason or purpose with a condition to return goods when the purpose
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In this article, we will discuss various topics of partnership under section 9 and section 20 to section 29 of the Indian Partnership Act, 1930.
In this article, we will discuss the liability of a partners to third parties. In our previous articles, we have already discussed the basics of partnership, minor’s position in partnership, and the rights and duties of partners. What are the related provisions? This part is covered in CHAPTER IV under section 25 to 27 of the Indian Partnership
In our previous blogs, we have discussed the basics of Partnership form of business, Minor’s rights, and liabilities. Here, we shall discuss the rights and duties of partners in a partnership. Mutual rights and duties of partners The mutual relations of the partners of the firm came into existence by an agreement between the partners
We’ve already discussed the basics of partnership. Now, we shall discuss the topic Position of a Minor in Partnership. Before we do that we have to understand some basic definitions: Who is a minor? The Indian Majority Act, 1875 specifies the age of majority in India i.e 18 years. Even a person short of a
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The laws relating to the Partnership form of business is contained in the Indian Partnership Act, 1932. In this article we shall discuss and understand in brief the nature and overview of partnership form of business.. Introduction The laws relating to the Partnership form of business is contained in the Indian Partnership Act, 1932. The
In this article, we will discuss various topics like Introduction, retirement, expulsion, insolvency, and death of partners under section 31 to section 38 of the Indian Partnership Act, 1930. This post is a continuation of previous blogs on Partnership. Few quick links to help you recapitulate the topic: Partnership.Rights and Liabilities of a Minor in
Introduction, Retirement, Death, Insolvency and etc Read More »