Introduction: A company is a separate legal entity but what makes it an entity is its members only. Members are the people who provide a separate entity to the company for the time being. In the case of an Unlimited Company, members are the people who are liable towards the Read more…
Introduction A partnership firm is an organization that is form with two or more persons to run a business with an intention to earn profits. Each member of such a union is known as a partner and collectively known as a partnership firm. These firms are govern by the Indian Read more…
“The imposition of liability on one person for the actionable conduct of another, based solely on a relationship between the two persons. Indirect or imputed legal responsibility for acts of another; for example, the liability of an employer for the acts of an employee, or, a principal for torts and Read more…