The Insurable Interest Doctrine: What is it? And What Does It Mean? Evan B. Sorensen‚ Esq. Kenne J. Zielinski‚ Esq. Tressler LLP The Insurable Interest Doctrine | 1 The Insurable Interest Doctrine: What is it? And What Does It Mean? While one cannot define an insurable interest with complete certainty or precision‚ in general it exists when the policy holder derives pecuniary benefit or advantage by the preservation or continued existence
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THE DOCTRINE OF ULTRA VIRES TABLE OF CONTENTS i. Introduction ii. Origin Of Doctrine Of Ultra Vires iii. Development of The Doctrine iv. Establishment Of The Doctrine v. Ascertainment Of The Ultra Vires vi. Evasion By Businessmen And Principle Developed By The Courts To Prevent Such Evasion vii. Independent Objects Clause viii. Effect Of Ultra ViresTransactions Ø Ultra vires contracts Ø Ultra vires borrowings Ø Ultra vires torts or crimes ix. Exceptions To The Doctrine Of Ultra Vires
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Doctrine of Social Responsibility The doctrine of social responsibility holds that individuals and organizations should advance the interests of society at large. They can do this by abstaining from harmful actions and by performing socially beneficial acts. Although the doctrine of social responsibility applies to people and organizations‚ much of the discussion focuses on business and the extent to which social responsibility should influence business decisions. Examples of Social Responsibility
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Public Trust Doctrine Humans have been living and making modifications to the earth since the beginning of time. Looking back many years ago we can see that way of life was not as fast paced as today. However as our population continues to grow and we continue to inhabit this planet‚ we are subconsciously and consciously destroying our precious environment with the goal to make life easier while producing economical benefits. Even though environmentalist continue to warn us of the consequences
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contract from a bare agreement. In fact the doctrine of consideration has been incorporated in Section 25 of the Indian Contract Act. Section 2(d) of the Act reads : " When at the desire of the promisor ‚ the promisee or any other person has done or abstained from doing or promised to do or abstain from doing anything ‚ such act or abstinance or promise is called a consideration for the promise." The doctrine of course has its roots in the early common law. A study of its history would reveal that
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COLLEGE OF LEGAL STUDIES ADMINISTRATIVE LAW PROJECT ON DOCTRINE OF EXCESSIVE DELEGATION SUBMITTED TO - SUBMITTED BY - Dr. R.K SINGH ABHISHEK DWIVEDI ASST. PROFESSOR 500017358 UPES Roll No: 04 B.A.‚ LLB
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LGEAL PERSONALITY Foss v Harbottle (1843) 67 ER 189 is a leading English precedent in corporate law. In any action in which a wrong is alleged to have been done to a company‚ the proper claimant is the company itself. This is known as "the rule in Foss v Harbottle"‚ and the several important exceptions that have been developed are often described as "exceptions to the rule in Foss v Harbottle". Amongst these is the ’derivative action’‚ which allows a minority shareholder to bring a claim on behalf
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Question: Why did Mao launch the Cultural Revolution? For instance‚ do you think the occurrence of the CR had any connections with the CCP ’s organizing principle and guiding ideologies‚ such as democratic dictatorship and the democratic-centralism‚ or was caused more by other reasons? Also‚ although many things people did during the Cultural Revolution look so absurd‚ irrational‚ and even cruel today‚ millions of Chinese‚ especially the Chinese youth seemed to be obsessed with the movement during
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Summary of law The Age Discrimination in Employment Act of 1967 is the primary federal statute that prohibits employers from discriminating against employees in terms‚ privileges and conditions of employment on the basis of age. The law also applies to employment agencies and labor organizations. To be covered by the ADEA‚ an individual must be 40 years old or older. There is no cap on an employee’s age to be covered by the ADEA. What law requires/prohibits Under the ADEA‚ it is unlawful to
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NATIONAL LAW SCHOOL OF INDIA UNIVERSITY BANGALORE M.B.L. PART – I CONTRACT LAWS Important Case Laws 1. Balfour v. Balfour [(1919) 2 KB 571] Mr. Balfour promised to send £ 30 every month. Mr. Balfour did not send the money Mrs. Balfour sought to recover the promise money in the court of law. Whether a promise of domestic nature between a husband & wife could be binding? Held that‚ the promise between the parties was not intended by them to be legally binding. Hence‚ Mrs. Balfour could not
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