continuing gurantee

What do you mean by continuing guarantee and state as to what matter it...

What do you mean by continuing guarantee and state as to what matter it different from ordinary guarantee? Also explain the mode of termination...
surety is discharged

Explain when a surety is discharged or not discharged from his liability ?

Explain when a surety is discharged or not discharged from his liability ? Or Under what circumstances is a surety discharged? Ans. Discharge of...
surety

What can be a consideration to the surety for giving the guarantee ?

What can be a consideration to the surety for giving the guarantee ? Is the ability of the surety co-extensive with that of the...
guarantee

Define “Guarantee” and explain its essential, element.

Define "Guarantee" and explain its essential, element. Distinguish between a Contract of Guarantee and Indemnity. Ans. Definition of Guarantee—S.126 says that a "contract of guarantee"...
indemnity

Define ” Indeminty” and explain its essential element.

Define " Indeminty" and explain its essential element. What are the rights of an Indemnity holder, when sued ? Ans. Definition of Indemnity–According to...
dissolution of firm

Discuss the term ‘dissolution of a firm.’ States the various modes of dissolution of...

Discuss the term 'dissolution of a firm.' States the various modes of dissolution of a firm. Ans. Meaning of Dissolution of a Firm— It is...
pertner in firm

Whether a minor become a partner in a firm ?

Whether a minor become a partner in a firm ? Explain the rights and liabilities of a minor admitted to the benefits of partnership?...
goodwill

Discuss the term ‘Goodwill’ of a firm. Whether the goodwill survives on death ?

Discuss the term 'Goodwill' of a firm. Whether the godwill survives on death ? What are the rights and duties of the seller and...
registration of firm

State the procedure for registration of firm under the Indian Partnership Act.

(a) State the procedure for registration of firm under the Indian Partnership Act. (b) Explain the effects of non-registration of a firm. Ans. (a)...

Explain the Doctrine of Holding out ? Explain its essentials. What is the effect...

Explain the Doctrine of Holding out ? Explain its essentials. What is the effect of this doctrine on the following persons (i)...