Understanding the lingo used by real estate brokers may help you as a prospective homebuyer avoid costly mistakes that could hurt your chances of finding the ideal property. Brokers and realtors frequently use terms and phrases that leave us perplexed in their presence. Brokers and realtors frequently use terms and phrases that leave us perplexed…
View detailsSection 3 of the Transfer of Property Act of 1882 specifies what constitutes an actionable claim. A claim to any debt, other than a debt secured by a mortgage of immovable property or by the hypothecation or pledge of moveable property, or to any beneficial interest in moveable property not in the claimant’s possession, either…
View detailsThe police officer has the authority to seize certain property under Section 102 of the Code of Criminal Procedure, although it is not specifically stated that they may do so without a court warrant. Any property that is allegedly stolen, suspected to have been stolen, or that is discovered in circumstances that raise suspicions of…
View detailsWhat is a Mortgage? A mortgage is defined as the transfer of an interest in a specific piece of real estate for the purpose of guaranteeing the repayment of funds advanced or to be advanced as a loan, the payment of an existing or future debt, or the performance of an agreement that may result…
View detailsWhat is a sale deed? The sale deed is the primary legal instrument through which the seller gives the buyer or purchaser complete possession of the property in exchange for payment of a price or other consideration. To acquire unrestricted rights in a piece of property, a sale deed becomes a necessary legal document that…
View detailsIntroduction In India, the Transfer of Property Act, 1882[1] deals with the laws relating to the transfer of properties. However, this act does not incorporate all types of properties, or all types of transfers neither does it include all the rules regarding the different modes of transfer. Hence, the Transfer of Property Act, 1882 is…
View detailsPROPERTY In a general, sense, property is any physical or virtual entity that is owned by an individual or jointly by a group of individuals. Any tangible or intangible thing that is owned by a single person, a group of people, or both is considered property. The property right is belonging to the owner. Property…
View detailsINTRODUCTION POWER OF ATTORNEY Section 1(A) of Powers of Attorney Act 1882 says,“power-of-attorney” specifies any instrument authorising a specified person to act for and in the name of the person executing it.An official instrument known as a power of attorney enables one individual to act on behalf of another. While the principle is the object…
View detailsIntroduction: The term “suicide” has not been defined in Indian penal code. Section 309 and 306 deals with suicide under Indian penal code, 1860. There has been a lot of confusion regarding giving constitutional validity to section 309 of Indian penal code, many questions have been raised in favour and also in against of section…
View detailsIntroduction A ‘Consumer’ is an individual who buys goods and services for personal consumption in contradiction to manufacturers who produces the goods and services for profit earning. The Consumer protection Act, 2019 defines “consumer” as a person who buys any goods and hires or avails of any service for consideration but does not include a…
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