Sections 27 to 30 deal with transfer of title by person not the owner. The general rule is that only the owner of goods can sell the goods. Conversely, the sale of an article by a person who is not or who has not the authority of the owner, gives no title to the buyer. […]
Transfer or passing of property implies transfer of ownership and not the physical possession of goods. For example, where a principal sends goods to his agent, he merely transfers the physical possession and not the ownership of goods. Here, the principal is the owner of the goods but is not having possession of goods and […]
Situational Problem 01: Workers resorted to strike in public utility services industry in which some of them resorted to violent demonstrations, acted in defiance of law and order and there were others who were merely silent spectators. The strike was declared illegal. Solution: Situational Problem 02: The workman of Annasaheb Patil Sugar Factory was employed […]
In this article, let us compare contract of sale with other forms of contracts like bailment, Hire purchase agreement, contract of work and labour, etc. Sale and Bailment: A ‘bailment’ is the delivery of goods by one person to another for some purpose, upon a contract that they shall, when the purpose is accomplished, be […]
A contract of sales of goods is a contract whereby the sellers transfers or agrees to transfer the property in goods to the buyer for a price. Under Section 4(1) of the Sale of Goods Act, 1930 a contract of sale of goods is a contract whereby the seller transfers or agrees to transfer the […]
Most of economic activities involve buying and selling of movable goods. The sale of goods may on cash or credit basis. The goods may be sold on the spot these may be a promise to sell the some in future. It is one of the special types of contract. The law relating to the sale […]
In this article, we shall discuss various definitions under the Sale of Goods Act, 1930 Mercantile Laws: Mercantile laws are the laws those deals with international commerce, business transactions and operations like agreements, contracts, copyrights, franchising, insurance, licensing, patents, shipping, transport, trademarks, etc. Examples of Mercantile Laws: The Sale of Goods Act, 1930: Most of […]
In this article we shall study functions, rights, duties and liabilities of promoters. 1.Who is a Promoter? According to Section 2 (69) of the Companies Act, 2013 “Promoter” means a person— (a) who has been named as such in a prospectus or is identified by the company in the annual return referred to in section […]
1. Explain the advantage of incorporation of a company OR, Enumerate and explain salient features of a company. Following are the advantages or the salient features of a company: Separate Legal Existence: A company is a legal person in the eyes of law. It is an artificial person or a juristic person. A company is […]
A company may be unable to pay its debts but it can’t be adjudicated insolvent as the law of insolvency does not apply to companies. Only individuals can be declared insolvent, not a body corporate. In such a case, a company can only be only wound up. The winding up is the process oi putting […]