Contract of Sale

Inchoate Instrument

The term inchoate instrument means an incomplete instrument. A negotiable instrument properly stamped and signed but blank o…

Ambiguous Instruments

An instrument which in form or terms is such that it may either be treated as a bill of exchange or as a promissory note, is…

Presumptions About Negotiable Instruments

Sections 118 and 119 of Negotiable Instruments Act lay down certain general presumptions in respect of negotiable instrument…

Essentials Of a Negotiable Instrument

The following are the essential characteristics of a negotiable instrument: 1) It is essential for the negotiability of an …

Meaning of a Negotiable Instrument

An “instrument” as referred to in the Negotiable Instruments Act, 1881, is a legal document or a legally recognised written …

Auction Sales

One of the methods of selling the goods is to sell them by auction. Auction sale means a public sale where intending buyers …

Rights Of the Buyer

So far, we have discussed the rights of the seller. But there are certain rights of the buyer as well in case there is a bre…

Effect of Sub-Sale or Pledge by Buyer

You have earlier read the general rule of law is that the right of lien or stoppage in transit of the unpaid seller is not a…

Rights Of an Unpaid Seller

The rights of an unpaid seller can broadly be discussed under the two heads: (l) rights against the goods; and (2) rights …

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