In agency contract, the person acting as agent must be permitted to act on behalf of the principal. But where the agent is not authorized to represent the principal, still enters into contract with a third party and the principal is well aware about it, yet the third party believes him to be the agent…
View detailsAn arbitration award awarded to an arbitrator may be challenged under Section 34 of the Act on application only on the basis of the reasons stated therein and as follows:⦁ The party was less likely to make an application;⦁ The arbitration agreement reached by the parties was invalid;⦁ The applicant party has not been given…
View detailsIntroduction An “Amendment” is a formal change to a statute, contract, constitution, or another legally enforceable document. In the end, the goal of any change is to make things better. The change may be an update, including new or eliminated components of these agreements. Only the legislative branch has the authority to make modifications and…
View detailsIntroduction Unliquidated damages are a sort of damages granted as a result of a contract breach. They vary from other forms of damages in that they are decided through court procedures and not foreordained in contracts. The most reason of unliquidated damages is that they empower a party enduring from a breach of contract to…
View detailsEarlier, the Constitution (Fifty-First Amendment) Act, 1984 provided reservation of seats for the Scheduled Tribes of the following four North-Eastern states: Nagaland, Meghalaya, Mizoram and Arunachal Pradesh, in the Lok Sabha and the Legislative Assemblies of Nagaland and Meghalaya. This was done by suitable amendment of Article 330 and 332 of the Constitution. The aim…
View detailsThe Constitution (Thirteenth Amendment) Act of 1962, which was passed as the Constitution (Thirteenth Amendment) Bill, was annexed with a Statement of Objects and Reasons. The State of Assam included Nagaland as a tribal region. The Naga People’s Convention leaders and the Indian government reached an agreement in July 1960 to include Nagaland as a…
View detailsA syndicate is a self-organizing collection of people, businesses, corporations, or other entities created to conduct particular business or to pursue or advance a common interest. A syndicate is a team of people or businesses, according to the Merriam Webster Dictionary. This could be a council, body, group of people, or association of businesses that…
View detailsFinancial markets play an important role in the economy. They enable individuals to find a better balance between current and future use. For example, entrepreneurs with good investment projects may need funding while people who want to provide for retirement may look for ways to invest gratefully. Financial markets bring borrowers to contact lenders and…
View detailsIntroduction According to the Transfer of Property Act, 1882 section 1051 lease of immovable property is a transfer of the right to enjoy such property, made either for a certain period of time or in perpetuity for consideration of money or a share of crops periodically. The lessor is the one who owns the leased…
View details1963, this was the period in which a lot of national integrity problem came up in India and this became one of the important factor for amending this 16th amendment act, 1963 . When we speak about national integrity it means “A bond of togetherness between people irrespective of their caste, creed, religion and gender…
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