Capacity Payment - Law Dictionary Search Results
Property
is the basic item that goes to make the same. Property thus in law, is both, corpus and capacity, Hirabai v. Babu Maniva Ingale, 1980 Bom CR 451. Property, is extended to all those recognised types of … 5 SCC 603. Means (i) immovable property, (ii) movable property, (iii) any debt or any right to receive payment of money, whether secured or unsecured, (iv) receivable, whether existing or future; (v) intangible assets, being know-how, patent,
Contract
too narrow. Every contract is founded upon the mutual agree-ment of the parties; the other essentials are legality, capacity (depending on age, mental ability, sex and status) a mutual identity of consent (consensus ad idem), and form. … completed at the moment that the arrangement is made; as where an article is sold and delivered, and payment for it is made on the spot; executory, where some future act is to be done; as where
Deed
never take effect; as (a) Where it is wanting in any of the essentials such as want or capacity, or knowledge of the contents, or intention of the deed, or under a common mis-take of fact as … an agent or solicitor acting for all parties in the matter of delivery. (8) The receipt-clause acknowledging the payment of the consideration money, if any, signed by the recipient, formerly always endorsed on the deed, is now
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Apprentice
is bound to instruct his apprentice, and to make him master of the art so far as his capacity to learn will permit. If the master die, or become bankrupt, or abandon the trade, the obligation of … employer and to accept on the part of the other person learning under certain agreed terms. That certain payment is made during the apprenticeship, by whatever name called, and that the apprentice has to be under certain
contract
Uniform Commercial Code in the Important Laws section NOTE: Contracts must be made by parties with the necessary capacity (as age or mental soundness) and must have a lawful, not criminal, object. Except in Louisiana, a valid … the deed to the property or otherwise continues to have an interest in it until the buyer makes payments in installments equal to the full purchase price or as much of the purchase price as agreed upon
distribution
transfer by a corporation or mutual fund of money or property to a shareholder in his or her capacity as a shareholder d : the initial offering to the public of a security by a corporation e … NOTE: The laws dealing with intestate succession are often called laws of descent and distribution. b : the payment or transfer to a beneficiary of interest to which he or she is entitled under a trust c
deposit
consent required may be express or implied, and because of the requirements of consent, only persons with the capacity to contract can make a voluntary deposit. b : the movable property that is the object of a … also security deposit NOTE: A deposit may be applied to a purchase price or may be considered partial payment. 3 in the civil law of Louisiana a : the gratuitous transfer of possession of movable property to
Consideration
will not compel a man to attempt to do that which is not within the limits of human capacity. Lex neminem cogit ad vana aut impossibilia; see ILLEGALITY. (c) Executed consideration, i.e., already performed before the making … AC 186, and a promise to pay by instalments is not sufficient consideration for extending time for a payment which is due immediately. See Foakes v. Beer, LR 9 AC 605, and ACCORD AND SATISFACTION. (b) Illegal
Guarantee
a valid guarantee requires an agreement made between the parties intending to create legal relations and having the capacity to contract. Supported by consideration, actual or implied. A guarantee is often termed a 'collateral' or 'conditional' contract, … Company limited by. See COMPANIES. Guarantee includes any obligation undertaken before the commencement of this Constitution to make payments in the event of the profits of an undertaking falling short of a specified amount. [Constitution of India,
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