If you are thinking to invest in the shares and stock it just like you invest in the real estate but in shares you can buy and sell shares within few time and there is sometimes not guarantee that you will get good returns on shares, Where as In real estate there are a deal of buy and sell of property at least take some time, Generally it deals when real estate market fell to a new low and prediction of rise in the price in future ,mainly its...more
It may not always be a happy story when you purchase a new vehicle. Your brand new car may be spending more time at the dealership then in your possession. If your new vehicle is shuttling between the dealership and your home, it may be time to seek the protection afforded to you by the Illinois New Vehicle Buyers Protection Act which is more commonly referred to as the Lemon Law.A vehicle is a lemon under the Illinois lemon law if: It has a...more
1. INTRODUCTION:The law of contract is a very important branch of Mercantile Law. It is that branch of law which determines the circumstances in which promises made by the parties to a contract shall be legally binding on them. Acceptance is signification of assent to the proposal. It takes two to make a bargain. So acceptance of the proposal is essential to the formation of an agreement. Without the acceptance of the proposal, no agreement can come into being.2.DEFINITIONSection 2(b) defines acceptance as follows:"When the person to whom the proposal is made signifies his assent thereto, the proposal is said to be accepted. A proposal; when accepted, becomes a promise."Thus, "acceptance" is the assent given to a proposal, and it has the effect of converting the proposal into promise.3.ESSENTIALS OF A VALID ACCEPTANCE:I. It must be given by the Offeree:An offer can be accepted only by the person to whom it is made. It cannot be accepted by another person without the consent of offerer. If anyone attempts to accept it no contract with that person arises.Similarly, in case of an offer to a particular class, it can be accepted by any member of that class. If the offer is...more
1. UBI JUS IBI REMEDIUM(i) MeaningJus means legal authority to do or to demand something and remedium means the right of action. So it means there is no wrong without a remedy.(ii) Importance of Maxim iub Jus Ibi Remedium:The law of tort is said to be a development of the maxim ubi-jus-ibi Remedium. This maxim led the chancellor to...more
1. INTRODUCTION:Bailment means a legal relation that arises whenever one person delivers possession personal property to another person under an agreement by which the later is under an obligation to return the property to the former.2. MEANING:The term baillment is derived from a French word 'baillior' which means to deliver.3....more
1. INTRODUCTION:When a debtor owes several distinct debt to a creditor and makes a payment which is insufficient to the whole debt, the question arises to which debt the payment is to applied. Section 59 to 61 provides the rules which governs the appropriation of payment made by a debtor to the creditors.2. RULES WHICH GOVERN APPROPRIATION OF PAYMENT:Following are the rules which govern appropriation of payment.(I) APPROPRIATION BY DEBTOR:The first rule which governs the appropriation of payment is laid down in sec. 59. It confers the right of appropriation upon the debtor.According to this sec.Where a debtor, owing several distinct debt to one person, makes a payment to him, either with express intimation, or under circumstances implying, that the payment is to be applied to the discharge of some particular debt, the payment If accepted, must be applied accordingly.=> Application of Rule:This principle applies to several distinct debt and not to a single debt payable by installments.=> Example:A owes to B other debt the sum of 5000. Rupees B writes to A and demands payment of this sum. A sends to B 5000 Rupees. This payment is to be applied to the discharge of the...more
A finishing section of a recessed wall washer light fixture has a heat conducting side wall. The inner surface of the side wall has a reflective finish. A lamp is non-centrally aligned within the finishing section. The reflective sides cooperate with...more
1. INTRODUCTION:The contract which creates relationship of principal and agent is called agency. An agent is involving party to the contract of agency. He is merely connecting link. His authority can be revoked by the principal.2....more
Copyright (c) 2010 Janet WebbThe Tanning Tax, a 10% tax on tanning bed services that went into effect in July has done little to reduce the number of users...yet. "We're still hopeful that the tax will make people think twice before...more
1. INTRODUCTION:If any contract performance depends upon the happening or not happening of certain event of future is called contigent contract.An ordinary contract can become contingent contract. If its performance is made dependent...more
The HO scale train has become the most popular train scale in the world. The HO stands for half of O, which is 1:87 scale and having a track gauge of 16.5 mm (0.650 in). The HO scale was born out of the Great Depression. The scale first appeared in...more