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Substituted Agent : In some cases, principal asks agent to appoint another person to do some work (which is normally not done by the agent). In such case, ...

An agency is irrevocable in the following cases: Where the agency is coupled with interest . Where the agent has himself an interest in the subject matter of ...

All living things are made of carbon. Carbon is also a part of the ocean, air, and even rocks. Because the Earth is a dynamic place, carbon does not stay ...

Communication medium like TV, films, charts or other illustrations play a very important role in promoting education. Knowledge from one person to another can ...

The sign of price elasticity of demand is negative due to inverse relationship between price and quantity. In the words of Lipsey, "Because of the negative ...

IDifferent ideologies have produced radically different theories of justice. Justice is a kind of ultimate concept, a value to which either other, values are ...

The two terms 'agent' and 'principal' have been defined in Section 182 of the Indian Contract Act. An agent is a person employed to do an act for another or to ...

Meaning of a company : A company or a joint stock company is an association of persons for a business purpose. It is incorporated under the Companies Act. Its ...

Achievements of Pallavas. Early 4th century to late 9th century CE line of rulers in southern India whose members originated as indigenous subordinates of the ...

Pulakeshin II (610-642 CE) is the most famous ruler of the Chalukya dynasty. In his reign the Chalukyas of Badami saw their kingdom extend over most of the ...

A surety is vested with a lawful authority either against the creditor or against the principal debtor or against co-surety only when he discharges his ...

A surety is said to be discharged from liability when his liability comes to an end. The various modes of discharge of a surety are given below: By revocation ...

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