Section 56, of the contract Act; deals with the impossibility of performance. “An agreement to do an act impossible in itself is void” Impossibility of performance is, as a rule not…
MEANING: When two or more persons have made a joint promise, they are known as joint promisors. Unless a contrary intention appears from the contract, all joint promisors must jointly fulfill…
If a negotiable instrument is endorsed in blank or is payable to bearer, it is bearer instrument. The holder may negotiate by mere delivery. But if the holder endorses it…
The Negotiable Instrument Act contains many provisions regarding endorsement :1. Effect of Endorsement. The endorsement of a negotiable instrument followed by delivery, transfers to the endorsee the property therein with…
Rights of PlegerRight to recover damagesPledger can claim for the damages that arise due to pledgee’s negligence. He can also claim damages arising due to unauthorized use of goods.2. Right…