The short run cost curves AVC, AC and MC are U shaped because of the law of variable proportions. According to this law, in the initial sages of production, ...

India has always believed in the harmonious relation between man and forces of nature and the importance of each season has been beautifully brought into light ...

The long period of the Pallava rule represents both rock-cut architecture and early constructed stone temples. The brick, timber, metal and mortar part could ...

Rawl's theory of justice: The utilitarian theory of justice was replaced by an alternate theory of justice by, an American philosopher John Rawl through his ...

Scientific and Technical Achievements of Bronze Age: The discovery and the use of metals like copper, bronze, etc. led to the scientific and technical ...

Partnership is an agreement and to be valid it must fulfill all the requirements of a valid contract. One of those requirements is competence of parties and, ...

Partners, Firm and Firm Name: The persons who have entered into partnership are individually called ‘partners’ and collectively a ‘firm’. The name under which ...

Partnership is the relation between persons who have agreed to share the profits of a business carried on by all or any one of them acting for all, Section 4, ...

The object of the contract of sale is to transfer the ownership (property) of the goods to the buyer. Transfer of property is different from the transfer of ...

Lien means right to retain possession of goods until some debt or claim is settled. Right of lien arises by statute, or by contract, or by general course of ...

An auction sale is a public sale where the intended buyers assemble at a place and, offer the price they are willing to pay for the goods and it is sold to the ...

Transfer of title means transfer of ownership of the goods. The general rule as to transfer of title is that only the owner can transfer a good title. No one ...