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In Praesenti - Law Dictionary Search Results

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in praesenti

Matched in: Term in praesenti

Debt owed

within the meaning of s. 2(m) of the Wealth-tax Act can be defined as a liability to pay in praesenti or in futuro an ascertainable sum of money, Commissioner of Wealth Tax v. Her Highness Vijyaba Dowger Maharani … within the meaning of, s. 2(m) of the Wealth-tax Act can be defined as a liability to pay in praesenti or in futuro an ascertainable sum of money', Kesoram Industries and Cotton Mills Ltd. v. C.I.T., AIR 1966

Bona fide requirement

Bona fide requirement, the 'bona fide requirement' must be in praesenti and must be manifested in actual need which would evidence the court that it is not a mere

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Copula

Copula, the corporal consummation of marriage. See PER VERBA DE PRAESENTI, Copula (in logic), the link between subject and predicate contained in the verb.

Mutual credit

'Mutual Credit' extends the right of set-off to cases where the party receiving the credit is not debtor in praesenti to him who gives the credit

Reasonable

hand and a compelling or dire or absolute necessity at the other end. It may be a need in praesenti or within reasonable proximity in the future, Raghunath G. Panhale v. Chaganlal Sundarji and Co., AIR 1999 SC

Sums due

due, a sum would be due to the purchaser when there is an existing obligation to pay it in praesenti. It would be profitable in this connection to refer to the concept of a 'debt', for a sum

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