Contract 2 notes
Consequences Of Dissolution Of Partnership Firm
In today’s article we are going to know the Consequences Of Dissolution Of Partnership Firm. As we know that dissolution of a partnership firm leads to the termination of business operations, requiring the settlement of assets and liabilities among partners. After the dissolution of the firm, the partners have certain rights and liabilities. Sections 45 […]
Difference between Partnership and Company
In today’s article we are going to know the difference between Partnership and Company. Before examining the differences between a Partnership and Company, let us first understand what a partnership and a company are. Partnership In India, all the aspects and functions of the partnership are administered under ‘The Indian Partnership Act 1932. The Indian […]
Difference between bailment and pledge
In today’s article we are going to understand difference between bailment and pledge. Before understanding the differences lets firstly break down Bailment and pledge. Both Bailment and Pledge are special kinds of contract and both are governed by the Indian Contract Act,1872. Section 148 to 171 of the act deals with Bailment and Section 172 […]