Contact Us

Comments

Post a Comment

Popular posts from this blog

Rights of Surety

Image
  The contract of guarantee is also known as the Contract of  Suretyship . Section 126 of the Indian Contract Act, 1872 defines the Contract of guarantee - a "contract of guarantee” is a contract to perform the promise, or discharge the liability, of a third person in case of his default. The person who gives the guarantee is called the “surety”. Surety is also known as Guarantor.     Rights of Surety : 1) Rights of surety on payment or performance :              According to Section 140 of the Indian Contract Act 1872, where a guaranteed debt has become due, or default of the principal debtor to perform a guaranteed duty has taken place, the surety upon payment or performance of all that he is liable for, is invested with all the rights which the creditor had against the principal debtor. 2) Surety's right to benefit of creditor's securities (Section 141) :         According to Section 141 of the said Act, ...
Read more

How to Write a Cheque- a Step by Step Guide to Follow

Image
  How to Write a Cheque- a Step by Step Guide to Follow By Priyanka Juyal August 2, 2021 Cheques are financial instruments that allow users to make transactions securely. These cheques, when not written properly can get dismissed or dishonoured by the bank. Any kind of default or overwriting issue in the cheque can make its processing difficult. Thus, to handle a cheque decently, you must know everything about a cheque- its parts, parties involved and how to write it. What are the Parties involved in Cheque Transactions? There are three parties involved in cheque based transactions- Drawer – A person who issues or writes the cheque Drawee – It is a financial institution that connects drawer and payee Payee – A person or an institution who will receive the amount written on the cheque Read More: 4 Ways to Apply for a Cheque Book Easily What are the Parts of a Cheque? Bank’s information – The cheque carries the name of the bank and its address IFSC – It is a unique 11-digit code, whi...
Read more

Jio, Google will develop smarter and cheaper JioPhone with Android OS for India

Image
Jio, Google will develop smarter and cheaper JioPhone with Android OS for India At the Annual General Meet (AGM) 2020 today Reliance announced it is developing an  Android -based operating system in partnership with  Google . Mukesh Ambani announced that Jio Platforms and Google have entered into a commercial agreement to develop entry-level affordable smartphones with optimizations to the Android operating system and Play Store. At the digital AGM Ambani said, “Google and Reliance Jio are partnering to build a value-engineered Android-based smartphone operating system. Through this partnership, we can accelerate the national mission of putting a smart device in the hands of every Indian.” With this initiative, Ambani wants India to be “2G mukt” soon and offer affordable “4G or even 5G” smartphones running on Android-based operating system. READ |  Reliance Jio to launch ‘Made in India’ 5G network: Mukesh Ambani Ambani said “even though we have sold ove...
Read more