Communication is a two-way process of exchanging messages between two persons or groups of persons. The participants involved in communication assume the roles of senders
Importance of communication in business needs no emphasis. The great developments in trade and commerce over the years have led to a corresponding increase in
The term ‘communication’ has been derived from the Latin word “communis’ that means ‘common.’ Thus communicate’ means ‘to make common’ or ‘to make known.’ This
The agent has been defined under section 182 of the Contract Act 1 872 as follows: “An agent is a person employed to do an
What is Contract of guarantee? According to section 126 of The Contract Act, a contract of guarantee has been defined as follows: “A contract of
Contract of indemnity is a contract in which one party promise to pay the amount of loss causes by another. A contract of indemnity has
What is Revocation of Acceptance? According to section 5 of the Contract Act, an acceptance may be revoked at any time before its communication is
The revocation of proposal means the cancellation of the proposal. When the proposal takes back his offer, the proposal is said to be revoked. According
What are the essentials of a valid offer or proposal? As we know that proposal (offer) is the starting point of a contract. When one
Proposal (offer) is the starting point of a contract. When one wants to enter into a contract, he makes someone proposal to another. Let’s see
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