A partnership deed under the Partnership Act 1932 is a legal and written document that contains an agreement between two or more persons, who have a mutual intention to carry on business as partners and share profits and losses. A partnership agreement may be written or oral, but, According to the Partnership Act, there is […]
A partnership is when two or more people work together in a business. They share both the profits and losses. Knowing about partnerships helps people choose the right business structure. Partnerships are great for professionals like doctors, lawyers, and accountants. They need to be actively involved and have special skills. This makes understanding partnerships very
Consideration in contract law refers to something paid by one person to another in return for goods or services. It comes under the basics of a contract which makes the contract enforceable by law. Consideration in a contract is made the contract a valid contract. It is the price of the contract which is to
The relationship between banker and customer is a legal relationship that starts after the formation of a contract. When a person opens a bank account in the bank and the banker gives his acceptance for the account, it binds the banker and customer in the contractual relationship. The person who holds a bank account in
The meaning of Litigation in law is the process to resolve the issue or dispute arising between two or more parties by Filing or answering the complaint in the court of law. In most civil cases, the parties dispose of their dispute arising after the formation of a contract with the help of an agreement
We’re diving into the world of contract formation in India, led by the Indian Contract Act. This Act was passed on September 1, 1872. It sets out the key parts of a valid contract. We’ll see why knowing about contract formation is key and how it affects making a valid contract. The Indian Contract Act
The Probation of Criminals Act of 1958 is based on the concept that young offenders should be halted via counselling and rehabilitation rather than being placed in jail, like normal offenders. The probation officer focuses on the offender’s worry or desire and attempts to resolve it, to make the offender a productive member of the
Written contracts are the express types of contract which is written or printed on paper and follows the basics of a contract. It works like documentary evidence in a legal agreement done between two parties. Although both oral and written contracts can be enforceable by law, the Witten contracts have more value than others. In
A contract creates a relationship between two or more parties to fulfil the conditions of the contract. The basics of contracts are given under the Contract act. Most people enter into the contract on daily basis. When a person or a company takes some action or make the payment in exchange for any goods or
The network of cybercrime is everywhere. A small mistake can let cybercriminals share your personal information who can misuse your information to commit various types of cybercrimes. To make our money safe in the bank accounts, it becomes important to recognize cybercrime and know about security tips or how to prevent cybercrime. Before knowing how