A guarantee means that they are completely responsible for the actions of another person. In a guaranteed contract, the surety guarantees loan repayment on behalf of the borrower who fails to fulfill the debts. As a result, it seeks to protect the other party from loss. The Indian Contract Act ... Read More

Agency is defined as a relationship between two people in which one person has the authority to act on behalf of another, thereby entitling him or her to a legal relationship with the third party. In an agency contract, there are two parties: the principal and the agent. The agency ... Read More

According to Section 6 of the Indian Contract Act, 1972, a "Contract of Guarantee" is a type of contract that deals with the performance of a promise or the discharge of a third party's liability and breaches in the event of their default. What is the Meaning of ... Read More

The word "contingent" refers to a future event that cannot be predicted accurately. A contingent contract is pretty practical or popular type of contract that more often most of us perform. Its enforceability is based on a future event. A contingent event is one whose occurrence or existence is dependent ... Read More

A contract is an extremely important concept in every nation's commerce and trade. It is a legal agreement between two or more parties that specifies certain obligations that apply to both parties during the term of the contract. It helps to a country's Gross Domestic Product (GDP) and overall growth. ... Read More

Transfer of property in day-today life is very common. Transferor (owner of the property) and transferee (in whose name property is being transferred) more often perform such transactions for personal or business purpose. However, to make such transfer valid, there are certain criteria (defined under the Transfer of Property Act, ... Read More

Section 10 of the Transfer of Property Act of 1882 establishes the condition restricting the alienation of property. According to this provision, if the transferee is restricted from transferring his interest in his property to another person due to a condition that arose when the property was transferred to the ... Read More

In the USA, this idea was widely embraced and applied to resolving labor disputes. Collective bargaining as a means of resolving labor problems is relatively new in India. The greatest approach is collective bargaining, since it allows the disputants to get together and settle their disputes amicably and respectfully. ... Read More

A significant group of individuals who have suffered the same or similar injuries as the defendant file a class-action lawsuit on their behalf in court. Another name for this type of case is representative action. A single group of people speaking for a larger group asks the court to address ... Read More

The child or children born out of the marriage suffer the most if a marriage fails which leads to the separation of the parents. Under Indian law, the well-being of the child is given priority when determining who should have custody of a minor, even though the parent’s entitlement to ... Read More