The Women Safety in India has become a major issue over some time. The crime rate against women in India is increasing day by day. Now the situation is that women think twice before going anywhere alone. In particular, nighttime is considered a dangerous time for women in India to travel or even move outside […]
Dissolution of partnership means to stop or end the business of the partnership firm by all partners of the partnership firm. The dissolution of a partnership and the dissolution of a partnership firm are two different situations. When a partner retires or leaves the partnership, the business of the partnership continues with other partners of
“The Right to Equality is a right of equal satisfaction of basic human needs, including the need to develop and use capacities which are specifically human.” D.D Raphall We all human beings are born equally with the same physical attributes. However, our past experience highlights a bitter history of discrimination and partiality in the name
A partnership needs different types of partners to run the business and get profits. A partnership is an improved version of a sole proprietorship. The biggest disadvantage of a sole proprietorship is that the individual has to work alone in the business. It is difficult for one person to handle all the pressure and workload
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