When one person signifies to perform the contract or discharge the liability incurred to the third party, on behalf of the second party, in case he fails, then there is a contract of guarantee. In this type of contract, there are three parties, i.e. The person to whom the guarantee is given is Creditor, Principal […]
CONTRACT OF GUARANTEE Read Post »
NATURE OF THE CONTRACT Insurance is an important part of modern life. Individuals and businesses take out insurance to protect themselves from loss that may occur due to damage to property or loss of life. What is insurance? This is a contract whereby a party known as the insurer undertakes, in consideration for a sum
CONTRACT OF INSURANCE NOTES Read Post »
Introduction Partnership is the relation which subsists between persons carrying on a business in common with a view of profit. Characteristics of partnership Membership-The logical minimum number in partnership is 2 with a maximum of 20. It is not an incorporated association Each partner is an agent of the other in the firm It can
LAW OF PARTNERSHIP Read Post »
Introduction Businesses and consumers are usually free to contract on whatever terms they see fit. However, contracts involving sales of goods can be subject to a range of statutory provisions. It is important to distinguish between sale of goods and other forms of conveying, such as barter trade, bailment, hire purchase, pledges, supply of services
INTRODUCTION SALES OF GOODS Read Post »
TOPIC 1 : INTRODUCTION SALES OF GOODS – Click to view TOPIC 2 : LAW OF PARTNERSHIP – Click to view TOPIC 3 : CONTRACT OF INSURANCE – Click to view TOPIC 4 : CONTRACT OF GUARANTEE – Click to view TOPIC 5 : CONTRACT OF BAILMENT – Click to view TOPIC 6 : LAW
COMMERCIAL AND ADMINISTRATIVE LAW KNEC NOTES Read Post »
