What is Consideration ? Meaning and Definition of Consideration in Contract Law [Section 2(d)] The term “consideration” is one of the vital elements to uphold a contract. Subject to some exceptions, an agreement made without consideration is a null and void contract, Consideration is a legal term used in the sense of quid pro quo, … Read more
Introduction : According to Section 12(1) of the Sale of Goods Act, 1930, a stipulation in a contract of sale with references to goods which are the subjects there of may be, A Conditions (Section 12(2)) or A Warranty (Section 12(3)). This article talks about everything you need to know about the Conditions and Warranties … Read more
Contents – 1. Meaning, Definitions, Scope and Features of Sale of Goods Act, 1930. 2. Meaning, Essentials Elements and Formalities of Contract of Sale. 3. Meaning, Definition and Differences between Sale and Agreement to Sell. 4. Classification and Documents of Title to Goods. 5. Concept, Ascertainment of Price. Sale of Goods Act, 1930 Meaning – … Read more
Contents – 1. Meaning of Transfer of Property or Ownership. 2. Possession and Risk. 3. Rules of Transfer of Property. 4. Exceptions Rules of Transfer of Title by Non-Owners (Section 27). 5. Differences Between Transfer of Property & Possession. Meaning of Transfer of Property or Ownership – Transfer of Property implies transfer of ownership and not the physical possession … Read more
What is Breach of Contract ? Breach of contract is a legal cause of action in which a binding agreement or bargained for exchange is not honoured by one or more of the parties to the contract by non-performance or interference with the other party’s performance. If the party does not fulfil his contractual promise, … Read more
Contents – 1. Introduction, Definition and Application of the Act, (Section 1) of Indian Contract Act, 1872. 2. Introduction, Meaning, Definition, Elements and Various Types of Contract. 3. Essential Elements of Valid Contract. 4. Agreement Declared Void (Void Agreements). Indian Contract Act, 1872 – Introduction – The Indian law relating to contract is embodied in the Indian Contract … Read more
What is HR Software ? Every business requires some kind of accounting system to manage expenses and determine profitability. As with HR software, businesses can generally benefit from automating accounting systems as opposed to using manual paper systems or spreadsheets. While most businesses kept accounting systems and HR systems separate in the past, many businesses … Read more
Contents – Meaning and Definition of Balanced Scorecard. Balanced Scorecard Framework / Four Perspectives of Balanced Scorecard. Process of Balance Scorecard. Balanced Scorecard in Human Resource Accounting. Advantages and Disadvantages of Balanced Scorecard. What is Balanced Scorecard ? Balanced scorecard system provides feedback on internal since processes and external outcome to continuously improve organisational performance … Read more
What is Human Resource Accounting (HRA) ? Human resource accounting is the measurement of cost and value of the people for the organisation. Human resource accounting can be defined as a system of accounting which consider human resources as an asset and all the financial expenses on human resources such as wages, salary, training etc. are … Read more
Contents : Meaning and Definition of Human Capital Elements of Human Capital Types of Human Capital Basis to Evaluate Human Capital Ways to Increase Human Capital Measuring the Value of Human Capital Models of Human Capital Importance of Human Capital What is Human Capital ? Meaning and Definition of Human Capital : A.W. Lewis introduced … Read more