Contingent Contract means the enforceability of that particular contract directly depends upon the happening or non-happening of an event. The pervasive nature of uncertainty affects every business decision and contract. Business uncertainty can have a significant effect on the business due to situations that can’t be foreseen or measured. In such a situation, a Contingent Contract can be extremely helpful for creating value in negotiation by minimizing the degree of uncertainty. In many contracts, parties are required to make forecasts and assumptions about the future; say, Will fuel-oil prices rise or stay at the same level? Will the market rise in the future? Will material arrive on time for further construction, and so on?...
Coercion and Undue Influence are two different legal concepts under contract law that deal with situations where the consent of one party to agree may be compromised. Coercion and Undue Influence both are significant in protecting the integrity of contracts and ensuring that agreements are made voluntarily and in a fair manner. The following article discusses the difference between Coercion and Undue Influence....
In today’s world of computers and the internet, parents need to know how to keep their kids safe when they’re online. The internet can be a great place, but there are also some dangers, especially for young people. In this article, we’re going to explore some practical advice that parents can use to ensure their kids stay safe legally while using the internet. By learning about these tips and taking action, parents can help their kids have a good online experience without any problems. From setting rules to checking what their kids are doing on social media, these tips help parents keep their children safe....
One important piece of legislation about financial transactions in India is the Negotiable Instruments Act 1881. It controls papers that are necessary for efficient company operations, like cheques, bills of exchange, and promissory notes. This law’s presentation of negotiable instruments is a key component. A negotiable instrument holder can act in line with the instrument’s instructions by making a demand, sometimes referred to as a presentation. It is a way of giving the drawee, creator, or acceptor the instrument for acceptance and payment. For organizations to function effectively and equitably, they must know how to offer negotiable instruments correctly. It guarantees the protection of parties engaged in financial transactions and the ability to settle disagreements under the law....
Section 2(20) of the Companies Act, 2013 states the meaning of a Company. This section states that “Company means the incorporation of a company by association of different persons under the laws established by the Companies Act 2013 or any other previous company act”. The main reason for the formation of a company is to create a separate “Body Corporate” which has its own separate legal identity. The word company is coined from a Latin word (com and panis) Com means together and Panis means bread, so in general terms, we can say that the association of people who eat together is a company....
Libel and Slander are types of defamation, where untrue statements are made that damage someone’s reputation. The key difference lies in the medium: libel refers to written or published defamation, such as in newspapers, magazines, or online posts, while slander is spoken defamation, typically conveyed through speech, gestures, or broadcast media. Both can have serious legal consequences, but the distinction in the medium is crucial in determining the appropriate legal recourse....
The Doctrine of Indoor Management comes under the ambit of the Companies Act, 2013 and it protects the rights of any person who is performing any kind of transaction or business with the company. Section 2(20) of the Act explains the meaning of the Company as the association of persons according to the laws of the Companies Act, 2013. The Doctrine of Indoor Management protects outsiders against the actions done by the company. Any person entering into a contract must ensure that the transaction is authorized by the articles and memorandum of the company....
An assumable mortgage allows a homebuyer to take over the seller’s current loan instead of getting a new one. This can mean a lower interest rate and fewer costs. This article will explain what assumable mortgages are, their benefits and important things to think about before deciding....
Extradition is the official procedure of turning over a person to another state for prosecution or punishment for crimes committed inside the requested nation’s borders...
Custody refers to the legal rights and responsibilities of a parent or guardian concerning a child’s upbringing. Types include physical custody, determining where the child resides, and legal custody, involving decision-making authority for the child’s welfare. Joint custody entails both parents sharing these responsibilities, while sole custody grants them exclusively to one parent....
A breathalyzer is a diagnostic tool that is used to test the amount of alcohol exhaled by a person. Blood alcohol content (BAC), or the amount of alcohol in the blood, is estimated using a breathalyzer. A person can check their blood alcohol content (BAC) with a portable gadget. On the other hand, if law enforcement suspects someone of drinking and breaking a law linked to alcohol use, such as driving while intoxicated, they are more likely to ask for a breathalyzer test....
An 8-K report is a company’s unplanned major event or corporate change report that may be of interest to the Securities and Exchange Commission (SEC) or shareholders. The report, which is often referred to as a Form 8K, informs the public of events like mergers, bankruptcies, director resignations, and adjustments to the fiscal year....
