Party rightfully rescinding contract, entitled to compensation A person who rightfully rescinds a contract is entitled to compensation for any damage which he has sustained through thenon-fulfilment of the contract.IllustrationA, a singer, contracts with B, the manager of a theatre, to sing at his theatre for two nights in every week during the next twomonths, […]
Compensation for breach of contract where penalty stipulated for [When a contract has been broken, if a sum is named in the contract as the amount to be paid in case of such breach, or if thecontract contains any other stipulation by way of penalty, the party complaining of the breach is entitled,whether or not
Compensation for loss or damage caused by breach of contract When a contract has been broken, the party who suffers by such breach is entitled to receive, from the party who has broken the contract, compensation for any loss or damage caused to him thereby, which naturally arose in the usualcourse of things from such
Liability of person to whom money is paid, or thing delivered, by mistake or under coercion A person to whom money has been paid, or anything delivered, by mistake or under coercion, must repay or return it.Illustrations(a) A and B jointly owe 100 rupees to C, A alone pays the amount to C, and B,
Responsibility of finder of goods A person who finds goods belonging to another, and takes them into his custody, is subject to the same responsibility as a bailee Practice area’s of B K Goyal & Co LLP Income Tax Return Filing | Income Tax Appeal | Income Tax Notice | GST Registration | GST Return
ntellectual property (IP) refers to creations of the mind, such as inventions; literary and artistic works; designs; and symbols, names and images used in commerce. IP is protected in law by, for example, patents, copyright and trademarks, which enable people to earn recognition or financial benefit from what they invent or create. By striking the right balance between the
The Government of India (GoI) passed the Economically Weaker Sections (EWS) Bill in January 2019 to provide support and opportunities. The EWS bill supports by increasing employment opportunities and benefits by providing 10 % reservation for an appointment in educational institutions. Further, the reservation also applies to civil posts and civil services, if the individual
As part of the efforts to ensure ease of doing business, the Department for Promotion of Industry and Internal Trade (DPIIT) has introduced an enhanced DPIIT G2B Portal. The DPIIT vide its notification has announced that the entrepreneur can now apply for Industrial License under IDR Act 1951 and Industrial License under Arms Act 1959
Trade license is an important document that allows you the right to operate your business in a particular municipal limit. The provision of a trade license is laid down by the State government to monitor and regulate various trade activities within a city. entrepreneur with dreams of starting your business empire in the vibrant state
Obligation of person enjoying benefit of non-gratuitous act Where a person lawfully does anything for another person, or delivers anything to him, not intending to do so gratuitously, and such other person enjoys the benefit thereof, the latter is bound to make compensation to the former in respectof, or to restore, the thing so done
CA Bhuvnesh Kumar Goyal
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