Free notes, textbooks, and exam-focused resources designed for Indian banking professionals.
A contract of sale is an agreement whereby a seller transfers or agrees to transfer the ownership (property) in goods to a buyer for a price; when property passes immediately…
A contract of agency creates a legal relationship where one person (the agent) is authorized to act on behalf of another (the principal) in dealings with third parties, binding the…
A contract of indemnity is an agreement where one party promises to compensate another for loss caused by specified acts or events, typically arising from the promisor’s conduct or that…
A contract is an agreement enforceable by law, formed when parties intentionally create legal obligations through offer, acceptance, and consideration under free consent for a lawful object. In banking, contracts…
A contract of pledge is the bailment of movable goods as security for payment of a debt or performance of a promise; the pledgor (pawnor) delivers possession while ownership remains,…
A contract of bailment is the delivery of movable goods from one person to another for a specific purpose, with an obligation to return or dispose of them as directed…
Contracts of guarantee play a significant role in banking and financial services, providing lenders an additional layer of security and assurance. This legal arrangement involves multiple parties and specific principles…
Registration of a partnership firm is not compulsory under law. However, the registration gives the firm a legal status. Section 69 makes claims arising out of a contract unenforceable if…
Sec 30(1) of partnership Acts 1932 provides that a person who is a minor according to the law to which he is subject may not be a partner in a…
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