“Banking transaction and the letter of credit-Consequential impact on world economy”-explain 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 had ...

“Error of law- is the only ground for preferring a revisional 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 ...

The law of agency governs the legal relationship in which the agent deals with a third party on behalf of the principal. -illustrate & explain Introduction- In each and every country there are rules and reguations which is been followed ...

“An agent is a person who agrees to work on behalf of another person who is known as principal” Explain the various legal aspects of a principle &Agent under the contract law of 1872” 1. Introduction As a dweller of ...

Islamic banking refers to a system of banking or banking activity that is consistent with the principles of Islamic law -illustrate A. Introduction: The traditional Banking is the business activity, which involves acceptance and safeguarding of money owned by other ...

“Every agreement and promises enforceable bylaw is a contract. “Illustrate & explain Introduction The concept of agency was developed as one man cannot possibly every type of transaction himself. Agency is concerned with any principal-agent relationship: a relationship a person ...

Agreement is basically made to work properly for both the parties. Discuss the relationship of Principal & Agent which is controlled under Law of the Contract Introduction The arrangement takes places when one person or party acts on behalf of ...

Law of contract is that diversification of law which determines the circumstances in which promise made by the parties to a contract shall be legally binding on them.-Analysis 1. INTRODUCTION: Law of contract is that diversification of law which determines ...

Discuss the dynamics of contract in terms of business and the relationship between agent and principal. 1. INTRODUCTION: A contract Act does not say any thing about the place where the contract is made and it is not a part ...

No company other than Banking Company shall use the word "Bank"- Illustrate from the concept of a number of countries. 1.0 Introduction A bank is a financial institution, which deals with deposit and advance and other related service. It receives ...