Rights and Duties of Buyer and Seller in a Contract of Sale: There are certain terms and conditions in a contract without which no contract can be executed. These terms and conditions may include time, place of delivery of goods etc. Basically, these terms and conditions are the rights and duties of the parties(buyer and … Read more
Unpaid Seller: Under the Sale of Goods Act,1930, it is essential that in the contract of sale, the seller when sells his property or goods the seller becomes entitled to be paid consideration as agreed. Sometimes it may happen that a transaction of Sale has taken place but the buyer without any valid reason refuses … Read more
Contract Law Definition: Basically, the definition of contract law is that it is an exchange of promises by two or more persons resulting in an obligation to do or refrain from doing a particular act, which obligation is recognized and enforced by law. Meaning of Contract Law: According to Black’s Law Dictionary: Contract law means … Read more