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Arrangements between debtors and creditors

is deemed to be accepted by the creditors, and when approved by the Court of Bankruptcy it is binding on all the creditors. Deeds of arrangement affecting land must be registered under the Land Charges Act, 1925.

Bailment

them, or do something about them, gratis. Consult Wyatt Paine on Bailments; Chitty on Contracts. The subject-matter of contractual bailment has been dealt with in Chapter IX of the Contract Act, and s. 148 defines 'bailment' to

Incuria

quotable in law is avoided and ignored if it is rendered, 'in ignoratium of a statute or other binding authority, Young v. Bristol Aeroplace Co. Ltd., (1944) 2 All ER 293: 1944 KB 718. literally means 'carelessness',

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law

English lagu, of Scandinavian origin] 1 : a rule of conduct or action prescribed or formally recognized as binding or enforced by a controlling authority: as a : a command or provision enacted by a legislature see

dictum

holding, judgment, precedent, stare decisis NOTE: Dicta have persuasive value in making an argument, but they are not binding as precedent.

contract

the dominant party contract under seal : a contract that does not require consideration in order to be binding but that must be sealed, delivered, and show a clear intention of the parties to create a contract

Tenant

2(h)] Definition of the term 'landlord' as well as the term 'tenant' shows that the Act applies to contractual tenancies as well as cases of 'statutory tenants' and their landlords, Raval and Co. v. K.G. Ramachandran, AIR

Guarantee

is descriptive of failure to perform legal obligations, existing or future, arising from any source, not only from contractual promises, but in any other factual situations capable of giving rise to legal obligations such as there resulting

Attaching decree-holder

Attaching decree-holder, An attaching decree-holder is a representative of the judgment-debtor and any previous decision binding on the judgment-debtor is also binding on the attaching decree-holder, Ram Sewak v. Bahal, AIR 1935 All 888;

Lien

of the Act if he has ceased to pay his debts or cannot pay them, whether he has committed an act of bankruptcy or not. Sale of Goods Act, 1893 (56 & 57, Vict. 71). Equitable liens

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