Monthly Archives: February 2017

Indian Partnership Act,1932

In simple terms: Partnership is the bond between two or more  people who have agreed to carry on some work for profit. It is based on  mutual consent. Definition: According to Section(4) of the Indian Partnership Act 1932, defines ‘Partnership- … Continue reading

Posted in Business Law | Tagged , , , , | Leave a comment

Bailment Contracts

Bailment contracts are a contract where one party delivers goods to the other party upon the return basis in order to fulfil a specific purpose is called bailment contracts. It includes two parties ; bailee and bailer.   Bailer:  The … Continue reading

Posted in Business Law | Tagged , , , | Leave a comment

Damages for Breach of contract

Breach in general terms is  caused when either of the party does not follow the terms and conditions of the contract signed.So when once a contract is broken there needs to be some compensation for the grieved party(one who has not broken the contract).Thus in order to compensate the loss, Damages are given.Whereas, damages are […]

Continue reading

Posted in Business Law | Tagged , , , , , , , , | Leave a comment

Breach of Contract

Breach of contract is  a legal cause of action in which a binding agreement or bargained for exchange is not hovered by one or more of the parties to the contract by non performance or interference with the other party’s … Continue reading

Posted in Business Law | Tagged , , , , , , | Leave a comment

“Business Law”-Exact Meaning

We have been studying about the oxford definition and some others given by scholars for the term business law. But to understand the crux we need to go deep down the literal meaning of the term. We need rules and … Continue reading

Posted in Business Law | Tagged , , , , , | Leave a comment

Ramayan- The untold tales

This is the excerpt for your very first post. Continue reading

Posted in Editorial | Tagged , , , , | Leave a comment