ADDITIONAL BATCH 7 (SORRY GUYS) 1377/FIELDMAN vs SONGCO/CBR FACTS: Federico Songco of Floridablanca‚ Pampanga‚ a man of scant education being only a first grader ...‚ owned a private jeepney for the year 1960. On September 15‚ 1960‚ he was induced by Fieldmen’s Insurance Company Pampanga agent Benjamin Sambat to apply for a Common Carrier’s Liability Insurance Policy covering his motor vehicle ... Upon paying an annual premium of P16.50‚ defendant Fieldmen’s Insurance Company‚ Inc. issued on September
Premium Insurance Liability insurance
Unit- 5 Indian Sale of Goods Act‚ 1930 1. Contract of Sale – Meaning A contract of sale of goods is a contract whereby the seller transfers or agrees to transfer the property in goods to the buyer for a price. There may be a contract of sale between one part-owner and another [Sec 4(1)]. A contract of sale may be absolute or conditional [Sec 4(2)]. The term ‘contract of sale’ includes both a ‘sale’ and an ‘agreement to sell’. 2. Essentials of a Contract of Sale (Refer text for details)
Premium Contract Contract law
Dharmodas Ghose CASE (1903). BRIEF FACTS- Dharmodas Ghose‚ a minor‚ entered into a contract for borrowing a sum of Rs. 20‚000 out of which the lender paid the minor a sum of Rs. 8‚000. The minor executed mortgage of property in favour of the lender. Subsequently‚ the minor sued for setting aside the mortgage. The Privy Council had to ascertain the validity of the mortgage. Under Section 7 of the Transfer of Property Act‚ every person competent to contract is competent to mortgage. The Privy
Premium Contract
Question 1 This Problem concerns the enforceability and remedies of leasehold covenants between landlords and tenants‚ and their successors in title. The ground floor lease is granted before 1 January 1996 and so the covenants are governed by a mixture of statute and common law. The first and second floor leases were granted in 2001 after the coming into force of the Landlord and Tenant (Covenant) Act 1995 and are dealt with under this statutory regime. Ground Floor On the facts the original
Premium Lease Leasehold estate Renting
law dictates that although either spouse may separately bind the community‚ the joinder of both spouses is required for “any transaction of guaranty‚ indemnity‚ or suretyship.” Although there is a slight potential in appropriate circumstances of an estoppel binding the community assets‚ a prudent lender will not need to rely on this argument. Failing to obtain both spousal signatures was even fatal where the guarantor was a general partnership that guaranteed a third party debt and the signing spouse
Premium Property Law Real estate
What is ethics? ethics is critical‚ structured examination of how individuals and institutions should behave when their actions affect others “critical”: it is about more than just describing existing patterns of behaviour “structured”: it is about more than institutions‚ gut reactions; it is about providing reasoned arguments for why we should or should not behave certain ways Examples of Ethical Statements “I stopped to help at the accident scene because it was the right thing to do” “It
Premium Tort Contract Tort law
“The current law on the establishment and regulation of a co-ownership interest in land is unsatisfactory.” Discuss. Co-ownership forms one of the most complex areas in land law. It requires constant updating over time as social structures and patterns of living evolve in society. This essay will discuss the many difficulties that regularly arise in this delicate area of the law for which there is no simple‚ all-encompassing solution. Specifically it will cover the common intention constructive
Premium Law Common law Property
Yazgi v Permanent Custodians Ltd (2007) 11 Volunteers 12 Bogdanovic v Koteff (1988) 12 Rasmussen v Rasmussen [1995] 13 Exceptions to Indefeasibility 14 Fraud Exception: 15 Loke Yew v Port Swettenham Rubber Co Ltd [1913] 15 Assets Co Ltd v Mere Roihi [1905] 16 Schultz v Corwill Properties (1969) 16 Russo v Bendigo Bank Ltd (1993) 17 The In Personam Exception 18 Bahr v Nicolay (No 2) (1988) 18 Mercantile Mutual Life Insurance Co Ltd v Gosper (1991) 20 Vassos v State Bank of South
Premium Property law Easement Mortgage
Question 1 Explain in which way an agency may be terminated by operation of law. (3marks) Answer: An agency is created by express appointment when the principal appoints the agent by express agreement with agent. This express agreement may be an oral or written agreement between the principal and the agent. There are four factors can cause the termination by operation of law. i. Agency is terminated by frustration In Marshall v Glanvill‚ Glanvill who is a firm of drapers appoints
Premium Contract
Biyani’s Think Tank Concept based notes Business Laws (MBA) Lecturer Deptt. of Commerce & Management Biyani Girls College‚ Jaipur For more details: - http://www.gurukpo.com 2 Published by : Think Tanks Biyani Group of Colleges Concept & Copyright : ©Biyani Shikshan Samiti Sector-3‚ Vidhyadhar Nagar‚ Jaipur-302 023 (Rajasthan) Ph : 0141-2338371‚ 2338591-95 • Fax : 0141-2338007 E-mail : acad@biyanicolleges.org Website :www.gurukpo.com; www.biyanicolleges.org First Edition
Premium Contract Contract law