Sec 25 lays down the exceptional cases where a contract is enforceable even though there is no consideration.
Q. Sec 25 lays down the exceptional cases where a contract is enforceable even though there is no consideration. 1. Sec 25 (1) States :...
Business Law
-
-
Restrictive Indorsement
It is one which prohibits or restricts further negotiation or which constitute the indorsee an agent to receive its contents for his indorser. Example: (1)...
-
What is Law?
What is law? – rules of conduct enforced by the state – function and duties of the state/govt to enforce Definition by Holland : law...
-
What is Memorandum of association?
As per section 2(28) of the Companies Act, 1956, “Memorandum” means “Memorandum of Association of a company as originally framed and altered from time to...
-
What are the matters referred to Arbitration?
Matters Referred To Arbitration All disputes of civil and quasi-civil nature All matters affecting the private rights of the parties which can be the subject-matter...
-
What is the procedure for forfeiture?
Procedure for effecting forfeiture: For the forfeiture of shares following procedures are followed: There should be a clear authorization in the Articles of Association of...
-
What is rescission of the contract?
Rescission of the contract: An application must be made to the court for the rescission of the contract, if statement discovers out to be fraudulent...
-
What is General Crossing?
Sec. 123 of the Negotiable Instruments Act defines General Crossing as, “where a cheque bears across its, face an addition of the words “And Company”...
-
Negotiation Back {Sec. 90}
Negotiation Back {Sec. 90} Meaning When an endorser, after he has negotiated an instrument, again becomes a holder before its maturity, the instrument is said...
-
What are the rights of bailor?
He is entitled to the increase or profit from goods bailed In the case of gratuitous loan, the lender may require the goods to be...
