Summary of Annotations

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essentials

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essentials

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essentials

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DEFINITIONS OF AGREEMENTS

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Example—An agreement entered into by minor, agreement

made without consideration, agreement made against public
policy. etc. (3)Unenforceable agreement—Agreements which
cannot be enforceable in a court of law because of technical
defects are called unenforceable agreements.
Examples—Agreements made without registration or
non-payment of necessary stamp duty. (4) Illegal
Agreement—Agreements made against the law In force In
Bangladesh, are called illegal agreements.

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(2) Void agreement—"An agreement not enforceable by law is

said to be void".—Sec. 2(g). A void agreement has no lawful
effect and it does not confer any right to the parties to it.

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Termination of Contracts Method of termination

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The rules about termination of contracts are described as

follows:
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151

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151

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Doctrine of Frustration

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151

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151

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151

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Liquidated Damages and Penalty: I

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151

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(4) Del Credere Agent—

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(5)Auctioneer—

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151

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Duties of Agent to principal

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Duties of Principal to Agent

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Rights of Agent
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Rights of the principal

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151

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Essentials of contract of Sale of Goods

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Conditions and Warranties :

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Distinction between condition and warranty

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151, 121

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Breach of Warranty:

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151, 141

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Implied conditions and Warranties

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Doctrine of Caveat Emptor

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Elements of Partnership

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Rights of Partners

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conduct of the business.

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can express his opinion.

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right of access to, inspection of, and copying any of the bqoks
of the firm.

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equality of profits

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Liabilities of Partners :

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right for claiming remuneration

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Interest on his capital:

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Difference between Bill of Exchange And a Promissory

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Note:
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Distention between Bill of Exchange and cheque.

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ENDORSEMENT

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Kinds of Endorsement.

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Distinction Between the Memorandum of Association And

Articles of Association.

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conversion of shares into stocks

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DUTIES OF DIRECTORS

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POWERS OF THE DIRECTORS:

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RIGHTS OF

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LIABILITIES OF DIRECTORS

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WINDING UP

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MODE OF WINDING UP