Human resources are the only real assets of the organization which keep the organization in existence. I do agree with statement that there is no more ...

Rights against the Principal Debtor: The surety has the following rights against the principal debtor, namely: Right of Subrogation: It means that on ...

According to Section 124 of the Indian Contract Act, "A contract, by which one party promises to save the other from loss caused to him by the conduct of the ...

IDLE TIME. When workers are paid on the basis of time, there may be some difference between the time paid for and the time actually spent on production. This ...

TIME BOOKING: Under time-keeping methods we simply record the time spent by a worker in the factory. Such record does not show how that time was utilized by ...

The are necessarily considered for arriving at a decision for departmentation of an organization. Function Base: Functional departmentation is done at the ...

Meaning of Departmentation: Departmentation means the creating a division in work organization so as to make an operation more cohesive and organized. ...

Rules Regarding Appropriation of Payment: Appropriation of payment refers to the application of payment to a particular debt. In case where the debtor owes ...

A contract may be discharged in any of the following ways: By Performance: It is the natural mode of discharge of a contract, that is, by its performance. ...

Reciprocal Promise. According to Section 2(f) of the Indian Contract Act, defines reciprocal promises as promises which form the consideration or part of the ...