1.0 Introduction The term ‘Contract’ is derived from the Latin word ‘contractum’. The law of contract is governed by the Contract Act-1872. According to sec-2(h) of the Act. An agreement enforceable by law is a contract. It signifies that in ...

Discuss the types of arbitration? What are the roles of arbitrator to you? Should arbitrator as a general rule be required to be impartial or independent of the parties? –explain & illustrate Definition and Meaning Arbitration involves a neutral third ...

Illustrate & explain Advantages and Disadvantages of alternative dispute resolution. Introduction Other than court system there are other ways in which disputes can be solved. Disputes often happen every now and then so it is very important that it should ...

Modern Banking System is different from the Obsolete Concept of Banking in the World Wide aspect. Explain and Illustrate Introduction 1.1 Definition of Banks A bank is a financial institution and a financial intermediary that accepts deposits and channels those ...

‘‘States the steps negotiation process. Elaborate the similarity and difference of litigation and arbitration’’ Introduction Negotiating is the process by which two or more parties with different needs and goals work to find a jointly satisfactory solution to an issue. ...

The study of jurisprudence in modern times needs to be pursued in a broader-perspective so as to give it a global coverage. Discuss. Introduction Jurisprudence: What is it? The English term is derived from the Latin word jurisprudentia: juris is ...

“Banking transaction and the letter of credit-Consequential impact on world economy”-explains &illustrate. INTRODUCTION: BANKING TRANSACTION In old days, non-financial transactions were commonly carried out through barter system, in which goods and services were exchanged directly, without a financial medium. This ...

“Error of law- is the only ground for preferring a rivisional application”-evaluate the statement. 1. Introduction: Law is made and implemented for the betterment of people and society. But any error in this case can result in a potential threat ...

Discuss the Implementation of Islamic banking System. A. Introduction: The traditional Banking is the business activity, which involves acceptance and safeguarding of money owned by other individuals or entities, and then lending out this money in order to earn profit. ...

No company other than Banking Company shall use the word "Bank"- Illustrate from the concept of a number of countries. Introduction A bank is a financial institution, which deals with deposit and advance and other related service. It receives money ...