What is Acceptance?
Acceptance and offer play important roles in the formation of a valid contract. For a successful contract, there must be a valid offer followed by… Read More »What is Acceptance?
Acceptance and offer play important roles in the formation of a valid contract. For a successful contract, there must be a valid offer followed by… Read More »What is Acceptance?
A quasi-contract is a legal obligation imposed by law to prevent unjust enrichment. This is also called a contract implied in law or a constructive contract. A… Read More »What is Quasi Contract?
Characteristics of Business The following are the characteristics of business 1. An Economic Activity: A business is an economic activity that includes the purchase & sale… Read More »Features of Business
Bill of exchange is similar to checks and promissory notes. They can be drawn by individuals or banks and are generally transferable by endorsements. According… Read More »What is Bill of Exchange?
The whole process of entering into a contract starts with a proposal or an offer made by one party to another. To agree such a… Read More »Proposal or Offer
A deed is a formal and dignified instrument. In general, it refers to any document by which two or more parties agree to put into… Read More »What is Deed?
An agreement is a contract between two or more individuals who sign a contract to start a profitable business together. In the Partnership agreement, the… Read More »What is Agreement?
Ethical Behavior is a form of applied ethics or professional ethics, that examines ethical principles and moral or ethical problems that can arise in a… Read More »Ethical and Unethical Behavior in Business
According to section 4 of the Partnership Act of 1932, “It can be defined as the relation between two or more persons who have agreed… Read More »What is Partnership? Advantages and Disadvantages
Entrepreneurship is the act of being an entrepreneur. Which is French word meaning ” to undertake”. Entrepreneurs assemble resources including innovations, finance and business acumen… Read More »What is Entrepreneurship? Characteristics of Entrepreneurship