Banking Policy - Law Dictionary Search Results
Fraud on a power
or concealment by which one person obtains an advantage against conscience over another or which equity or public policy forbids as being prejudicial to another, Wester's Third New International Dictionary. Is defined as an intentional perversion of … will towards the other is immaterial, Dr. Vimla v. Delhi Administration, (1963) Supp 2 SCR 585 and Indian Bank v. Satyam Febres (India) Pvt. Ltd., (1996) 5 SCC 550. See also State of Andhra Pradesh v. T.
cancel
the default of all or any unperformed part of the lease contract. 3 : to terminate (an insurance policy) before the end of policy period usually as allowed by policy provisions can·cel·able or can·cel·la·ble adj … party to pay. c : to mark (a check) to indicate that payment has been made by the bank NOTE: A check is no longer negotiable once it has been cancelled. d : to withdraw an agreement
trust
parties and esp. when a trust is necessary to avoid an inequitable result or to prevent fraud individual policy pension trust : an insurance trust created as a retirement plan in which individual life insurance policies are … to the trust as a source of support for a divorced spouse with a remainder to someone else bank account trust : totten trust in this entry business trust : a trust that is created for the
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settlement
sum, estate, or income granted or paid under a settlement [if the monetary limits of a defendant's insurance policy can be discovered in order to obtain reasonable s "J. H. Friedenthal et al."] 3 : closing [ … H. Friedenthal et al."] 3 : closing [ costs] 4 : the transfer of funds between a payor bank and a collecting bank in order to complete transactions for customers
Stranding
On this much diversity of opinion has been entertained. It would appear that merely striking against a rock, bank, or shore is not a stranding; the ship must be upon the rock, etc., for some time. … the running of a ship onshore or on a beach. By reason of the memorandum always inserted in policies of insurance (see INSURANCE), it is of the greatest importance to define what is a stranding. On this
Any person
administrative staff only. One cannot arbitrarily cut down the amplitude of an expression used by the legislature, Central Bank of India v. Workmen, AIR 1960 SC 12 (23): (1960) 1 SCR 200. (Banking Regulation Act, 1949, s. … rationale does not, however, extend to cover the class of cases where gratuitous passengers for whom no insurance policy was envisaged, and for whom no insurance premium was paid, employed the goods vehicle as a medium of
Representation
Swift v. Jewsbury, (1874) LR 9 QB 301--where the manager was held personally liable; Hirst v. West Riding Banking Co., (1901) 2 KB 560. See DECEIT; CONDITION; WARRANTY and CONTRACT OF SALE OF LAND. The detenu's representation … or in writing, of such facts or circumstances relat-ing to the proposed adventure, and not inserted in the policy, as are necessary for the information of the insurer to enable him to form a just estimate of
Chose
assignable in law under this enactment but the assignee of the part is entitled to it in equity, Bank of Liverpool & Martins, Ltd. v. Holland, (1926) 43 TLR 29. S. 136, L. P. Act, 1925, transfers … without the concurrence of the assignor, subject to certain provisions contained in the s.. See also the (English) Policies of Assurance Act, 1867 (30 & 31 Vict. c. 144). This s. 136 of the J. a. Act,
Forgery
document as would be binding or sufficient in law (ib.). Forgery of (inter alia) any will, deed or banknote is punishable with penal servitude for life, and forgery of any security, document of title, policy, charterparty, etc.,
Consideration
of a statute. The former illegality exists whenever the consideration is founded upon a transaction which violates public policy or morality:'as a contract to commit, conceal, or compound a crime; a contract for illicit cohabitation; or a … one party, or some forebearance, detriment, loss, or responsibility, given, suffered, or undertaken by the other, Fleming v. Bank of New Zealand, (1900) AC 577 (586). Means everything receive in return for the supply of services or
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