Category: Essays

Breach of contract is of following two types:1. Actual Breach ADVERTISEMENTS: 2. Anticipatory Breach 1. Actual Breach of Contract: It occurs when on the due date of performance or during the performance a party fails to perform his obligations. Thus, the actual breach of contract may be discussed under the following two heads:- Image Source: livelaw.in (I) Actual breach of contract on the due date of performance: Sometimes, on the due date of performance, one party fails to perform his obligations. In such cases, the other party is discharged from the performance of his obligations and can hold the guilty party liable for the breach of contract.Example: ADVERTISEMENTS: X agreed to sell his car to Y on 1st June. But on 1st June X refused to sell the car to…

Important remedies those are available to an aggrieved party on the breach of a contract are:1. Rescission of the Contract2. Claim for Specific Performance of the Contract ADVERTISEMENTS: 3. Claim for Injunction4. Claim for Quantum Merit, and5. Claim for Damages. 1. Rescission of the Contract: When there is breach of contract by one party, the other party may rescind the contract and thus, is absolved from all his obligations under the contract. Image Source: hawaiiesquire.com ADVERTISEMENTS: Example:X promises Y to supply him a scooter on 27th, and Y promises to pay its price on receipt of the scooter. X does not supply the scooter on 27th, Y is absolved from paying its price. Rules for Rescission: In this connection, there are two rules, viz,- ADVERTISEMENTS: (i) Sec. 65:When a party…

Sec. 129 of the Act defines continuing guarantee as, “a guarantee which extends to a series of transactions.” Generally, indefinite numbers of transactions are dealt in continuing guarantee. Such guarantee may be in respect of a future transaction during fixed period for example for one year. The features of continuing guarantee are: 1. The guarantee is not exhausted by the first advance or credit or supply upto the pecuniary limit. ADVERTISEMENTS: 2. Revocation can be made by notice to the creditor in relation to future transactions.3. Continuing guarantee is terminated by the death of the surety as regard the future transactions. epawnmarket.com epawnmarket.com Revocation of Continuing Guarantee: Following are the circumstances in which the continuing guarantee can be revoked:- 1. By notice: According to Sec. 130, the continuing guarantee may…

Someone has very aptly and wisely said that a stitch in time saves nine. It contains an invaluable piece of sane advice, which we constantly hear from our teachers in school and elders at home. This highly useful, didactic dictate applies to every field of activity.It implies that work done in time saves a lot of labour, later on. To illustrate it further, it can be said that suppose there is a tear in your shirt, the wisest thing is to stitch it up without any delay, otherwise there will be tears all the way down, which would require a lot more labour and time to put a patch on it. And the final effect too would not be as tidy as it would have been, if it had been…

It was 4 o’clock in the afternoon. I was busy in doing my lessons and homework. Mother was engaged in the kitchen, preparing tea for me. Suddenly, there were shout and cries and a lot of confused noise. Immediately I rushed out to find out what was all that. I was told that the juggins in the neighborhood were in flames. They had caught fire and it was raging dangerously.I ran to the place where the fire was raging. I found all the juggins on fire. The women, children and men of these huts and juggins were simply crying, shouting and wailing helplessly. A big crowd had collected. Amidst hue and cry some of the people were throwing water, others were throwing dust, and still others beat the fire with…

My father took us on a pleasure trip to Katmandu, the Capital of Nepal. We went by air. We had got reservation of tickets long in advance. We reached India Gandhi International Airport two and half-hours earlier than the scheduled flight-time. We had to complete some customs and other formalities before emplaning.Our plane was ready for flight. It was a very big and spacious aeroplane with luxurious seats. It looked so royal, impressive and wonderful. It was for the first time that 1 had seen aeroplanes. I was really excited and full of many expectations. Our seats were near the windows, which gave us a fine view of the outside world.The pilot started the engines which gave out a loud roar, and then it began to move. Soon it was…

Essay on Ozone Layer (324 Words)Have you ever suffered from sunburn? This burning of the skin is caused by ultraviolet (UV) light from the Sun. Serious burning is not only painful, but it may cause skin cancer. Fortunately, almost all of the harmful UV radiation is absorbed by a layer of ozone gas 20 – 50 km above the Earth. The ozone layer is a layer in Earth’s atmosphere. ADVERTISEMENTS: It contains relatively high concentrations of ozone. This layer absorbs 97- 99% of the sun’s high frequency ultraviolet light, which is potentially damaging to life on Earth. However, ozone is a form of oxygen that can be destroyed easily by certain man- made chemicals.In 1987, the leading industrial countries agreed to phase out these chemicals. Even so, satellites have shown…

It is generally said that a journey by bus is not so thrilling as one by train or aero plane is. However, I had quite a pleasant experience of the journey by bus which I undertook last Sunday. The week before Sunday had been a very hot one. My parents decided to spend a week at Shimla. We boarded the bus from Chandigarh to go to Shimla. We reached the bus stand early in the morning. My father had to stand in a queue for some minutes to buy the tickets. Meanwhile, we killed the time by sitting on a bench near the queue. Hardly had father bought the tickets at the booking window when the bus bound for Shimla came. We boarded it immediately. I was feeling a thrill…

Almost everybody loves beauty in one form or the other. Most of us get captivated when we see beauty in physical form. Thus we love to see a beautiful girl, child, animal, plant or even scenery.We love the sight of a handsome young man. There is nothing wrong in beholding physical beauty in a platonic mood of mind. On the other hand, a person may be ugly or he may be unattractive physically. He may not even be able to express himself Medical scientists tell us that certain people, particularly children, intelligent otherwise, may not be able to express themselves and seem dullards, as they suffer from a malady known as ‘dyslexia.Experts list even the celebrated scientists Edison and Einstein among such people. Thus, real beauty is inner beauty, may…

The modern life is a life of rush and hurry, stress and strain. The world has grown so materialistic that everybody wants to make a quick buck by hook or by crook, even by throwing all norms of truth, sincerity, love, kinship, friendship, etc. to the winds.This, however, cannot be said to be the real way to success. A man who tries to find short-cuts to success, ultimately lands himself only in a blind alley. This is where this rat race for money leads us. The proverbial race between the hare and the tortoise is well- known.The hare is too fast and takes long jumps and strides but he loves comfort, luxury and resting on his oars. The easy success has made him haughty and careless. The tortoise is slow…