Demand Liabilities - Law Dictionary Search Results
Loan
a deposit it is the duty of the depositor to go to the depositee and to make a demand for it, Gurcharan Das v. Ram Rakha Mal, AIR 1937 Lah 81. The word 'loan' used in s. … has in s. 2(f) and includes a transaction on a bond bearing interest executed in respect of past liability, Jiwanlal Achariya v. Rameshwarlal Agarwalla, AIR 1967 SC 1118: (1967) 1 SCR 190. [Bihar Money Lenders (Regulation of
charge
"W. R. LaFave and A. W. Scott, Jr."] 3 a : an incurred expense b : the price demanded for something (as admission or use) [a finance ] c : a debit to an account ;esp : … to allege esp. as an accusation [crimes charged in the indictment] 3 a : to impose a financial liability on [ the estate] b : to impose or record as a financial burden or liability [ the
Bank-notes, or Bank-bills
or printed promises for money, to be paid by a banking company. They are uniformly made payable on demand. They are not like bills of exchange, mere securities or documents for debt, nor are they so esteemed, … to be used for purposes of forgery, see the (English) Forgery Act, 1913, ss. 2, 9. As to liability of shareholders in banks issuing bank notes see ante BANK.
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Deposit
another, who is to return to him, not the same money, but a like sum when he shall demand it. There is also a quasi deposit, as where a person comes lawfully to the possession of another … Act, 1961 (47 of 1961), s. 2(g)] The essence of a deposit is that there must be a liability to return it to the party by whom or on whose behalf it is made on the fulfilment
Deposit (Involuntary)
(1) under which it will be repaid, with or with out interest or a premium and either on demand or at a time or in circumstances agreed by or on behalf of the person making the payment … hold himself out as willing to receive it, the person to whom it is sent is under no liability to the sender for its safe custody or protection, but must not use it or otherwise convert it
privilege
a requirement to disclose information (as for trial) that is granted because of a relationship or position that demands confidentiality [the attorney-client ] [the doctor-patient ] [the marital ] [the priest-penitent ] see also confidential communication deliberative … right, from privus private + leg- lex law] 1 : a right, license, or exemption from duty or liability granted as a special benefit, advantage, or favor: as a : an exemption from liability where an action
protest
c : a declaration made by a party esp. before or while paying a tax or performing a demanded act by which the declarer asserts that the justice or legality of the tax or act is disputed … U.S. consul on behalf of the holder of an instrument (as a note) announcing dishonor and declaring the liability of all parties to the instrument for any loss or damage arising from such action ;also : the
Firm
may sue or be sued in the name of their firm, but if suing must disclose names on demand. See R.S.C., Order XLVIIIA. But a partnership firm is not a person in law, see Re Smith, (1914) … same effect as a decree in favour of or against the partners. While the firm is incurring a liability it can be assumed that all the partners were incurring that liability and so the partners remain liable
Bailment
certain circumstances. Just as a finder of property has to return it when its owner is found and demands it, so the State Government was bound to return the said vehicles once it was found that the … to be done about them, for reward to be paid to the bailee. For the history of the liability of carriers, see Nugent v. Smith, (1876) 1 CPD 423, and for an explanation of the duty of
Hire
work has been performed in such a way as to afford a defence to the employer against a demand for the price, if the accident had not happened (as if it were defectively or improperly done), the … contract, or by law, or by custom. The contract may be dissolved or extinguished in respect to future liabilities in various ways: (1) by the mere efflux of time or the accomplishment of the object for which
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