Common law and equity: the reasons behind the creation of equity. What is it and how is it different from common law? What is the present relationship between common law and equity? Methodology In order to provide a broader image of the principles applied by equity and the common law‚ secondary research was carried out. The process involved both gathering information from the internet websites and Business Law textbooks. Findings The development of English
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Law is a system of rules and guidelines‚ usually enforced through a set of institutions. It shapes politics‚ economics and society in numerous ways and serves as a social mediator of relations between people. For example‚ Contract law regulates everything from buying a bus ticket to trading on derivatives markets and Property law defines rights and obligations related to the transfer and title of personal and real property and so on. Then‚ Natural law or the law of nature (Latin: lex naturalis) has
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Substantive law is law that defines rights and duties‚ such as crimes and punishments‚ civil rights and responsibilities in civil law. An example of substantive law is the law of murder: intentionally killing another person. Substantive law basically answers the question: What is the law? Procedural law is the law governing the machinery of the courts and the ways by which both the state and the individual enforce their rights in the courts. Procedural law is more like when a person can be arrested
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1.INTRODUCTION Bangladesh is a combination of competitive market‚ business -friendly environment and cost structure that can give the best returns. Bangladesh offers a well-educated‚ highly adaptive and industrious workforce with the lowest wages and salaries in the regio n. 57.30% of the population is under 25‚ providing a youthful group for recruitment. The country has consistently developed a skilled workforce catering to investors needs. English is widely spoken‚ making communication easy
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corruption is illegal acts or commission by police officers on duty whom abuse their position to receive any type of gain for themselves or others. There are many types of corruption which includes‚ internal corruption where police officers bend rules/law to commission illegal acts for example destroying evidence. Selective enforcement where police officers exploit their discretion and authority‚ for example arresting someone and not charging them in return of cash. Active criminalities where police
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Discuss the connection between natural law theory and fundamental human rights as articulated in Commonwealth Caribbean constitutions. (Dec. 2009 #2) Generally‚ natural law theorists have purported that law comes from a body of rules or precepts that are distinct from human created legal systems. These rules are heavily influenced by morality and it centrally claims that there are moral principles1 of universal applicability‚ and principles of political morality in which human communities ought
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example‚ practices the mixed legal system which includes the Common Law‚ Islamic law and Customary Law. Malaysia’s legal system comprises laws which have arisen from three significant periods in Malaysian history dating from the Malacca Sultanate‚ to the spread of Islam to Southeast Asia‚ and following the absorption into the indigenous culture of British colonial rule which introduced a constitutional government and the common law. Malaysia’s unique legal system is designed to balance the delicate
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International Law Reading Notes: Ch. 3: Sources * There is no single body to create laws internationally binding upon everyone nor a proper system of courts with comprehensive and compulsory jurisdiction to interpret and extend the law. * Sources: provisions operating within the legal system on a technical level * Reason and morality are excluded as well as functional sources * Survey of process whereby rules of international law emerge * Article 38 of the Statute of
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information and communication technologies and the growing number of transactions accomplished through electronic means necessitated the passage of a law that would facilitate and regulate these electronic transactions – the Electronic Commerce Act. Republic Act No. 8792 is the merged version of House Bill No. 9971 and Senate Bill No. 1902. It was signed into law on June 14‚ 2000. “A month later or on July 14‚ 2000‚ the Implementing Rules and Regulations (IRR) was digitally signed by Secretaries Manuel A
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contract is agreement concerning promises made between two or more parties with the intention if creating certain legal right and obligation upon the parties to that agreement which shall be enforceable in court law. The Trade practices act 1974 (Cth) particularly s52 cover the contract law: seven elements to create a simple contract‚ which are listed as the following: * Intention * Agreement * Consideration * Capacity * Consent * Legality purpose * Form Acceptance
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