What is the effect of the pre-incorporation contract?
Effect of the Pre incorporation contract: The effect of the pre-incorporation contracts are as follows:- The company cannot be sued on the preliminary Contracts even...
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Discuss the rights and liabilities of partners on dissolution of a firm
The rights of a partner on dissolution of a firm are as under : (i) Right to an equitable lien – Under Section 46...
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Explain the various modes of discharge of a contract?
A Contract is said to be discharged when the rights and obligations created by it come to an end. A contract may be discharged in the...
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What are the provisions of Statutory Meeting?
Statutory meeting is the first meeting of the company and is conducted once during the life time of the company. Companies which can hold such...
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Circumstances Under Which A Cheque May Be Dishonoured
Circumstances Under Which A Cheque May Be Dishonoured A paying banker is under a legal obligation to honour his customer’s mandate. He is bound to...
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What are the duties of a collecting banker?
COLLECTING BANKER A collecting banker is one who undertakes to collect the amount of a cheque for his customer from the paying banker. DUTIES...
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What are the rights of debenture holders?
Rights of debenture holders:- Rights and remedies of unsecured debenture holder:- (i) They can file a suit against the company for the principal as well...
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The Outstanding Study Guide, Tips & Tricks For Business Law Exam
Introduction: A strong legal system is the necessity of any society’s well being and it would be foolish of us to deny that! As BMS...
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Fraud
Fraud means cheating. It is intentionally stating something untrue as true. Section 17 defines Fraud as “Fraud means and included any of the following acts...
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Misrepresentation
Section18 defines misrepresentation as – “a false representation a fact made innocently or non disclosure of a material fact without any intention to deceive the...
