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Full-Text Articles in Law

The Law Of Guarantees: The Rights & Liabilities Of The Guarantor, Maurya Vijay Chandra May 2011

The Law Of Guarantees: The Rights & Liabilities Of The Guarantor, Maurya Vijay Chandra

Maurya Vijay Chandra

A contract of guarantee requires meeting of minds of three players - the principal debtor, the surety and the creditor. The surety (usually a bank) undertakes an obligation at the request express or implied of the principal debtor (usually the bank's customer). It is an independent contract between the bank and the beneficiary. It is this very autonomy that makes a contract of guarantee an instrument for growth of business and economy.


Advertisements Misrepresentation And Remedies, Narsimha Rao A.V Aug 2005

Advertisements Misrepresentation And Remedies, Narsimha Rao A.V

Dr. A.V Narsimha Rao

Advertisements, with their effective designs and statements, influence people in their decision-making. With the exaggerated information, advertisments mislead and dissatisfy the consumer, who in turn becomes a bad advertiser. Due to this, the advertisers face embarrassing situations and pay a heavy price for their mistake. So it is essential to formulate a policy for advertising and make sure they work within the legal framework and in accordance with the codes created for the purpose of maintaining advertisement standards.