Step By Step, Place Became Property, Property Became A Mortgage, And Mortgages Became Derivative Investments. INTRODUCTION What Is a Mortgage? A mortgage, as per section 58 of the Transfer of Property Act, is a sort of loan used to buy or keep up a house, land, or other pieces of real estate. The borrower agrees to…
Freedom and Property Rights are inseparable. You can’t have one without the other. -George Washington INTRODUCTION What is an easement? The concept of the easement has been defined under Section 4 of The Indian Easements Act, 1882. According to the provisions of Section 4, easement or easement agreement is a term that describes a situation in which one party…
Introduction 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…
“Service is the Rent we pay for the Privilege of Living on this Earth.” Introduction A security deposit is an amount that a tenant pays to the landlord at the start of the tenancy. The sum that a tenant gives the landlord as a security deposit is paid at the beginning of the tenancy. It is…
Implications of Commercial Advertisements Introduction The world moved without modern forms of advertising. But before, there was communication about products/services that society needed. Some known methods are used by street vendors and vendors who roam the streets selling their products by making noises with their mouths/technical devices. Some of the less developed villages are sites…
MEANING OF LEGAL METROLOGY Legal Metrology deals with units and methods of measurement and weighment in relation to the mandatory technical and legal requirements. The application of legal requirements to measurements and measuring instruments is Legal Metrology. Legal Metrology protects and ensures public safety, the environment, security and accuracy of the weights and measurements and…
MEANING OF WHOLESALE AND RETAIL PRICE WHOLESALE PRICE The price charged by the manufacturer or the business owner from the retailer who buy products in bulk. The goal of wholesale pricing is to earn profit by selling the goods in bulk at a price higher than the making cost. RETAIL PRICE The last price that…
MEANING The consumer buying process or consumer decision making process is the process by which consumers evaluate and identify their needs; analyse to solve these needs and collect information; evaluate alternatives available options and make a purchasing decision and lastly evaluate their purchasing decision post purchase. For example: when we are buying a car, we…
MEANING OF MAXIMUM RETAIL PRICE Maximum Retail Price (MRP) is the highest possible price fixed by the manufacturer that can be charged for a product from a customer. Retailers may choose to sell products at the MRP or for less than the MRP. Under the Consumer Goods (mandatory printing of cost of production and maximum…
INTRODUCTION MEANING Consumer is an individual or group of people who purchase or use goods and services for personal use. They are the end-users or final users of a purchased product or service in the sales distribution chain. For example: When we pay a hairdresser to cut and style our hair When we purchase a…
