DEFINITION OF STATUTORY LAW

Statutory law or statute law is written law (as opposed to oral or customary law) set down by a legislature (as opposed to regulatory law promulgated by the executive or common law of the judiciary) or by a legislator (in ...

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CONCEPT OF SUBSTANTIVE AND PROCEDURAL LAW

Substantive law and procedural law are the two main categories within the law. Substantive law refers to the body of rules that determine the rights and obligations of individuals and collective bodies. Procedural law is the body of legal rules ...

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WHAT IS COMPANY AND COMPANY LAW

The word Company is used to describe an association of a number of persons, formed for some common purpose and registered to the low relating to companies. Section 3 (1) (i) of the Companies Act, 1956 states that a Company ...

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COMMON LAW NUISANCE

There two types of common law nuisance: A public nuisance arises from an act that endangers the life, health, property, morals or comfort of the public or obstructs the public in the exercise or enjoyment of rights common to all. ...

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THE DEFINITION OF ETHICAL BANKING

Also known as a social, alternative, civic, or sustainable bank, is a bank concerned with the social and environmental impacts of its investments and loans. The ethical banking movement includes: ethical investment, impact investment, socially responsible investment, corporate social responsibility, and is also related to such movements as ...

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THE DIFFERENCE BETWEEN MORTGAGE AND LIEN

Mortgage Definitively speaking, a mortgage is a loan. That's when an individual or lender gives the borrower money but expects it to be paid back. Along with that, they want something for their trouble, which usually comes in the form ...

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HOW DOES A LIEN AFFECT ANY PROPERTY

Additional entities can place liens on property to recover defaulted payments. Such cases include car loans, unpaid credit cards, and even federal income taxes to name a few. When a borrower has a co-signer, that party agrees to be responsible ...

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