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Office of profit

office of profit or to continue him in that office or revoke his appointment at their discretion and payment from out of Government revenues are important factors in determining whether that person is holding an office of

Offer

The price, of course, need be a monetary one. In fact, in bilateral contracts, the mere promise of payment of the price suffices to conclude the contract, while in a unilateral contract it is the actual payment

Not negotiable

person is a cheque within the meaning of the Bills of Exchange Act, 1882, and a 'warrant for payment of a dividend' within s. 95 of the same Act. A banker in good faith and without negligence

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Post-dated cheque

banker knows it to be post-dated, and even if it has been presented before the date and refused payment, Halsbury's Laws of England, 4th Edn., Vol. 3(1), p. 143. Means a cheque must not be post-dated, that

Indorsement

the contrary is proved. As to the recovery of the amount of the cheque by the drawer, after payment obtained by a forged indorsement, see North and South Wales Bank v. Macbeth, 1908 AC 137. See also

Loan societies

societies, institutions established by the purpose of advancing money on loan to the industrial classes, and receiving back payment for the same by instalments, with interest. They are exempt from the provisions of the Money Lenders Act,

Lapping

which an employee takes funds from one customer's accounts receivable and covers it by using a second customer's payment to pay the first account, then a third customer's payment to pay the second account, and so on,

Key money

Key money, means (1) Payment (as rent or security) required from a new tenant in exchange for a key to the leased property

Joint pattedars and pot pattedars

separated amount are the 'pot pattedars' One 'pot' pattedar is not jointly responsible with the other for the payment of the revenue of the other 'pot' numbers, and his position is different from that of joint pattedars,

Intoxicating liquor

can exercise such power only (1) on a reference from the licensing justices (s. 19), and (2) on payment of compensation to the dispossessed licensees (s. 20). The reference is obligatory on the licensing justices when they

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