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Business Law

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Limited Liability Partnership Act 2008

  • Post last modified:29 May 2023
  • Post category:Business Law
  • Reading time:26 mins read

Limited Liability Partnership Act Limited Liability Partnership (LLP) is an incorporated partnership formed and registered under the Limited Liability Partnership Act 2008 with limited liability and perpetual succession. The Act…

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What is Cheque? Definition, Characteristics, Types, Parties

  • Post last modified:29 May 2023
  • Post category:Business Law
  • Reading time:13 mins read
Characteristics of a Cheque
Characteristics of a Cheque

A cheque is a bill of exchange, drawn on a specified banker and it includes ‘the electronic image of truncated cheque’ and ‘a cheque in electronic form’.

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What is Discharge of Contract? Modes: Performance, Mutual

  • Post last modified:29 May 2023
  • Post category:Business Law
  • Reading time:29 mins read
Discharge of Contract
Discharge of Contract

Discharge of contract means the termination of a contractual relationship between parties. A contract is said to be discharged when it ceases to operate.

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Essential Elements of a Valid Contract

  • Post last modified:29 May 2023
  • Post category:Business Law
  • Reading time:32 mins read
Essential Elements of a Valid Contract
Essential Elements of a Valid Contract

Essential Elements of a Valid Contract: Offer & Acceptance, Capacity, Consideration, Consent, Free Consent, Coercion, Undue Influence, Fraud Misrepresentation, Mistake, Unlawful Object, Contingent, Declared as Void.

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What is Offer? Types, Elements Lapse & Revocation

  • Post last modified:29 May 2023
  • Post category:Business Law
  • Reading time:45 mins read
What is offer
What is offer

When one person signifies to another, his willingness to do or abstain from doing anything with a view to obtaining the assent of the offer, to such an act or abstinence, he is said to make a proposal.

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What is Bill of Exchange? Example, Features, Characteristics

  • Post last modified:29 May 2023
  • Post category:Business Law
  • Reading time:15 mins read
Characteristics of a Bill of Exchange
Characteristics of a Bill of Exchange

A bill of exchange is defined as an instrument in writing containing an unconditional order, signed by the maker, directing a certain person to pay a certain sum of money only.

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What is Promissory Note? Meaning, Characteristics, Parties

  • Post last modified:29 May 2023
  • Post category:Business Law
  • Reading time:26 mins read
Characteristics of a Promissory Note
Characteristics of a Promissory Note

A promissory note is an instrument in writing containing an unconditional undertaking, signed by the maker, to pay a certain sum of money to or to the order of a certain person, or to the bearer of the instruments.

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What is Crossing of Cheque? Types, Meaning, Dishonoured

  • Post last modified:29 May 2023
  • Post category:Business Law
  • Reading time:30 mins read
Types of Cheque Crossing
Types of Cheque Crossing

The crossing of Cheque means that the specific cheque can only be deposited straightway into a bank account and cannot be instantly cashed by a bank.

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Types of Endorsement | Business Law

  • Post last modified:29 May 2023
  • Post category:Business Law
  • Reading time:23 mins read
Types of Endorsement
Types of Endorsement

Types of Endorsements: 1. Blank or General, 2. Special or Full, 3. Partial, 4. Restrictive, 5. Conditional or Qualified

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Types of Negotiable Instruments

  • Post last modified:29 May 2023
  • Post category:Business Law
  • Reading time:17 mins read
Types of Negotiable Instrument
Types of Negotiable Instrument

12 Types of Negotiable Instruments: Bearer, Order, Demand, Time, Inland, Foreign, Ambiguous,. Inchoate, Accommodation, Fictitious, Documentary, Clean bill

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