Rules regarding a minor's agreements are. As indicated by Section 3 of the Indian Majority Act 1875, as changed by the Majority (Amendment) Act, 1999, a ...

No consideration no contract exceptions . A promise without consideration cannot create a legal obligation. The general rule is that an agreement made ...

Contract of Sale: Section 4 (1) of the Sale of Goods Act defines contract of sales as a contract whereby the seller transfers or agrees to transfer the ...

Home Trade: When the goods are sold and purchased within the boundaries of a country, it is termed as home trade. Another name given to home trade is domestic ...

Distribution system means the movement of goods from the production area to the consumption area and that involves a lot of functions. These functions are ...

Intensive and exclusive distribution are the policies which are there with the manufacturer. Intensive distribution policy: In intensive distribution policy, ...

The channel of distribution is said to be a network of institutions that perform a variety of interrelated and coordinated functions in the movement of goods ...

Mercantile agents: Such agents are also called functional middlemen. Their work is to operate on behalf of the owners. The functions performed by them are ...

Commission agent: As the name suggests, he is the one who takes certain amount as a commission for performing his duty. Various functions are also performed by ...

Wholesaler: Wholesaler is any individual or a firm that sells goods in large quantities to the buyers who are not the ultimate consumers. They are the ...