Its V National - Law Dictionary Search Results

Lex loci contractus (the law of the place of the contract). Generally speaking, the validity of a contract is decided by the law of the place where it was made. If valid there, … law of the place where it was made. If valid there, it is, by the general law of nations (jure gentium), held valid everywhere, by the tacit or implied consent of the parties. the rule is founded

Dispute

It postulates the assertion of a claim by one party and its denial by the other', Canara Bank v. National Thermal Power Corporation, (2001) 1 SCC 43. The term 'dispute' means a controversy having both positive and negative … 34] Raised is without laying any basis or placing on record any evidence in support thereof, Canara Bank v. National Thermal Power Corportaion, (2001) 1 SCC 43. A party to a construction contract has the right to refer

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Iron

products, and the bulk of its structural elements in large-scale construction. (Encyclopaedia Britannica), National Mineral Development Corpn. Ltd. v. State of M.P., (2004) 6 SCC 281.

Proper law of a contract

the legal system with which the transaction has its closest and most real connection, National Thermal Power Corporation v. Singer Company, 1992 (3) SCC 551.

Fixed deposit receipt

written acknowledgement by the bank that it holds a certain sum to the use of its customers, Anumati v. Punjab National Bank, (2004) 8 SCC 498 (502).

Cost of any proceeding

costs in a pending proceeding, nor costs to be incurred in future by a party, Punjab National Bank v. Ram Kumar, AIR 1957 SC 276 (278): 1957 SCR 220. [Industrial Disputes Act, 1947, s. 11(7)]

Liability

usual and ordinary sense, it expresses the state of being under obligation in law or in justice, First National Bank Ltd. v. Seth Sant Lal, AIR 1959 Punj 328 (330). (Companies Act, 1913, Sch. I, Table A, … unless he has intention to make himself personally liable, Commentary on the Constitution of India, Durga Das Basu, Vol. L, p. 112. The term 'liability' is of large and comprehensive signification, and when construed in its usual

Unfair trade practice

The object is to bring honesty and truth in the relationship between the manufacturer and the consumer. Lakhanpal National Ltd. v. M.R.T.P. Commission, AIR 1989 SC 1692: (1989) 3 SCC 251: (1989) 2 SCR 979. (Monopolies and … competition or otherwise, namely: (1) The practice of making any statement, whether orally or in writing or by visible representation which falsely represents that the goods are of a particular standard, quality, grade, composition, style or model;

Levy, Imposition, Collection

'collection'. Article 265 of the Constitution makes a distinction between 'levy' and 'collection, Assistant Collector of Central Excise v. National Tobacco Co. of India Ltd., AIR 1972 SC 2563: (1972) 2 SCC 560: (1973) 1 SCR 822. To … of the tax and the rates at which it has to be taxed, Assistant Collector of Central Excise v. National Tobacco Co. of India Ltd., (1972) 2 SCC 560: AIR 1972 SC 2563 (2571).

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