All kinds of activities that form link between producers of goods and consumers of these goods and maintain a smooth and uninterrupted flow of goods between ...

Activity performed by a person with a view to earn profit is called a business activity. A person has to produce and exchange goods and services with money in ...

Industry is said to be that part of business activities which works in order to produce want satisfying goods with the help of material resources readily, ...

Commerce helps in making goods available to the consumers at right place, time, quantity, price and manner. All kinds of activities that form link between ...

Returns to a Scale: When all factors are increased simultaneously and ultimately the production of output also changes. Concept of returns of returns to ...

According to Section 4 of the Negotiable Instruments Act a promissory note is an instrument in writing containing an unconditional undertaking, signed by the ...

Section 5 of the Negotiable Instruments Act defines a bill of exchange as 'an instrument in writing containing an unconditional order, signed by the maker, ...

A cheque is said to be bounced or dishonored by non-payment when the drawee of the cheque make default in payment upon being required to pay the same. The ...

Section 14 of the Negotiable Instrument Act defines negotiation as When a Promissory Note, Bid &Exchange or Cheque is transferred to any person, sous to ...

Inchoate Instrument means an incomplete instrument. The drawer/ maker/ acceptor/ endorser of a negotiable instrument may sign and deliver the instrument to ...