Business Law - Question And Answers

acceptance According agency agent agreed agreement amount arises auction authority bailee bailment bailor becomes benefit bill bound breach buyer called cheque circumstances claim communication compensation complete consent consideration continuing contract contract of sale course court create damages debt default defects delivered delivery discharged Duty effect endorsement enforceable entered entitled essential Example Explain fact firm fraud give given guarantee held holder horse implied Indian intention interest letter liable lien loss means minor mistake nature negotiable Note notice obligations obtained offer owner ownership paid partner partnership party payment performance person pledge position possession presentment principal profits promise promisor purchase reasonable received recover refuses regard relating respect rule Section sell seller share sold specified suit supply surety terminated third trade transferred valid void