Commercial Limitation - Law Dictionary Search Results

occurring in the expression 'used in the manufacture' in clause (b) of Rule 27 cannot be given a limited meaning. 'Manufacture' and 'manufacturing process' is that as a result of undergoing the process a distinct commercial commodity … It is only when the change, or a series of changes, take the commodity to the point where commercially it can no longer be regarded as the original commodity but instead is recognised as a new and

Turnover

or on account of others whether for cash or for deferred payment or for other valuable consideration, Joint Commercial Tax Officer v. Young Men's Association (Regd.), AIR 1970 SC 1212 (1215): (1970) 1 SCC 462: (1970) 3 … of the consideration for the sale and is includible in the turnover of the manufacturer, McDowell & Company Limited v. Commercial Tax Officer, AIR 1986 SC 649 (659): (1985) 3 SCR 791: (1985) 3 SCC 230. [A.P.

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Notice

notice clearly intimating the parties concerned that the award had been made and signed, certainly starts limitation, Parasramka Commercial Co. v. Union of India, (1969) 2 SCC 694 AIR 1970 SC 1654 (1656). [Arbitration Act (10 of

Tax, interest and penalty

wrong to say that such interest is compensatory in character and not penal, Associated Cement Company Limited v. Commercial Tax Officer, AIR 1981 SC 1887: (1981) 4 SCC 578: (1982) 1 SCR 563. … not be wrong to say that such interest is compensatory in character and not penal, Associated Cement Company Limited v. Commercial Tax Officer, AIR 1981 SC 1887: (1981) 4 SCC 578: (1982) 1 SCR 563.

pure speech

spoken or written words or through conduct limited in form to that necessary to convey the idea compare commercial speech, symbolic speech NOTE: Pure speech is accorded the highest degree of protection under the First Amendment to … pure speech : the communication of ideas through spoken or written words or through conduct limited in form to that necessary to convey the idea compare commercial speech, symbolic speech NOTE: Pure speech is

recourse

a negotiable instrument see also recourse note at note compare non-recourse NOTE: Under Article 3 of the Uniform Commercial Code, the phrase without recourse on a negotiable instrument limits the liability of the endorser or drawer. If … non-recourse NOTE: Under Article 3 of the Uniform Commercial Code, the phrase without recourse on a negotiable instrument limits the liability of the endorser or drawer. If an endorsement states that it is made without recourse, the

trust

that is created for the purpose of making profit and that is usually characterized by some kind of commercial activity, transferable certificates of interest, existence continuing after the death of beneficiaries, limited liability, legal title in the … characterized by some kind of commercial activity, transferable certificates of interest, existence continuing after the death of beneficiaries, limited liability, legal title in the hands of trustees, and officers having duties of management called also common-law trust

Bank

Bank, Commercially it is a place where money is deposited for the purpose of being lent out at interest, returned … Act of Parliament or of letters patent. By s. 360, the liability of the members of a banking limited company remains unlimited in respect of the bank's liability for bank-notes issued by it. As to signature of

partnership

agent and, traditionally, is jointly and severally liable for the tortious acts of any one of the partners. commercial partnership : trading partnership in this entry family partnership : a partnership in which the partners are members … all partnership debts and obligations in full regardless of the amount of the individual partner's capital contribution compare limited partnership in this entry limited liability partnership : a partnership formed under applicable state statute in which the

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