The Board of Directors is a group of people chosen by shareholders to run the company, make decisions, and follow the law. A company is an artificial person, meaning it cannot make decisions or take actions on its own. For this reason, it is managed by a group of people called the Board of Directors. … Read more
An unpaid seller is someone who has sold goods but has not received full payment for them or whose payment has been dishonored, like a bounced cheque. The Sale of Goods Act, protects the rights of an unpaid seller to ensure they can recover their payment or control the goods until they are paid. The … Read more
A finder of lost goods is a person who discovers and takes possession of items that do not belong to them but appear to have been lost or misplaced by their rightful owner. The role of a finder is significant in balancing personal responsibility with legal and ethical considerations. Laws regarding the rights and duties … Read more
IMPLIED CONDITION 1. Condition as to Title Implied condition as to title as in “the case of a sale, he has a right to sell the goods, and in the case of an agreement to sell, he will have a right to sell the goods at the time when the property is to pass.”This means … Read more
Condition A condition is an important part of a contract. It is something essential for the contract to work properly. If the condition is not followed, the other person can cancel the contract and ask for compensation. For example, if someone buys a car and the condition is that it should be brand new, but … Read more
A seller becomes unpaid seller when he/ she fails to get the whole payment from the buyer in time or when the bank dishonors the negotiable instrument received by him for payment. Rights of an Unpaid Seller Against the Buyer Personally Rights of an Unpaid Seller Against the Goods These rights help the unpaid seller … Read more
Unpaid Seller A seller becomes unpaid seller when he/ she fails to get the whole payment from the buyer in time or when the bank dishonors the negotiable instrument received by him for payment. The Contract Act, 2056 has not defined the term unpaid selller. Section 45(2) of Indian Sale of goods Act, 1930 has … Read more
The court system of Nepal is made up of different levels of courts to provide justice. The highest court is the Supreme Court, which handles important cases and appeals from lower courts. Below it are the High Courts, which review decisions made by District Courts in different regions. District Courts are where most cases, like … Read more
The legal environment refers to the framework of laws, regulations, and court decisions intended to encourage, guide, and control business activities. Some are designed to protect workers, consumers, and communities. Others are designed to regulate the behavior of managers and their subordinates in business and other enterprise. The term ‘ legal environment’ of a business … Read more
Business law is a section of code that is involved in protecting liberties and rights, maintaining orders, resolving disputes, and establishing standards for the business concerns in their dealings with government agencies and individuals. It also regulates the transactions and relations for business organizations. Similarly, it defines the responsibility of the business concerns to know … Read more