Effects of Inflation The effects of inflation are all pervasive. It affects all those who depend on the market for their livelihood. The effects of inflation may be favourable or unfavourable, and low or high depending on the rate of inflation. Following are the major effects of inflation: 1. Effects of Inflation on Distribution of […]
Breach of Contract and Remedies
Breach of Contract and Remedies A breach of contract occurs when a party thereto renounces his liability under it, or by his own act makes it impossible that he should perform his obligations under it or totally or partially fails to perform such obligations. The failure to perform or renunciation may take place when […]