Rights of Bailor and Bailee
Rights of Bailor The following are the rights of a Bailor: 1. Right to Enforce If the bailee neglects in any one of his duties, the bailor has a …
Category: Business Regulation
Duties of Bailor and Bailee
Duties of Bailor The following are some of the duties of bailor. 1. To Disclose Faults in the Goods Bailed As per Sec. 150 of the Act, the bailor …
Procedure for alteration of Conditions in Memorandum of Association
Alteration of the Conditions of Memorandum of Association The condition or the obligatory clauses of the Memorandum of Association can be altered in the manner stated below. 1. Alteration …
Discharge of Contract by Operation of Law, Breach & Lapse of Time
Discharge of Contract by Operation of Law The contract is discharged by the operation of law when a contract is discharged by the intervention of law. This can be …
Law relating to Minor’s Agreement | Why are Minors not competent to Contract?
A Person under the age of eighteen years is called a Minor. Since they have an immature mind, they are very often exploited. There are laws to protect the …
Articles of Association | Contents | Alteration of AoA
Contents of the Articles of Association The Articles contain rules and regulations regarding: 1. Adoption of preliminary contracts. 2. Number and value of shares. 3. Allotment of shares. 4. …