A maritime lien is a very important aspect of maritime lien. The fundamental difference between a maritime lien and the normally applicable lien is that in the case of the former, the liability of the contract falls on the ship and the other particulars (equipment and parts) of the ship rather than the ship’s owner,…
A continental shelf is a term that refers to the ledges that protrude from the continental land mass into the ocean. This is enveloped with a comparatively shallow zone of water (approximately 150-200 meters deep). Shelf seas occupy about 7% of the area of the world’s oceans but their economic importance is significantly greater. (1) A…
Introduction: It is unimaginable in this day and age for any market economy to sustain itself in the absence of fair & free competition. Today, it has become imperative for any market economy in a bid to ensure that resources are effectively allocated, to ensure that its market is free of anti-competitive practices that might…
Section 182 of the Contract Act defines the term “Agent” and “Principal” as “An agent is a person employed to do any act for another or to represent another in dealing with another person. The person for whom such act is done, or who is so represented, is called the “principal”. In an agency one…
Endorsement is nothing but the process of signing one’s name or affixing an accepted rubber stamp impression on a cheque, for the purpose of transfer. Thus, it is both a contract and a transfer. The delivery of the instrument is necessary to complete its endorsement. The word endorsement can also be spelt as indorsement. It…
When two persons mutually transfer the ownership of one thing for the ownership of another, neither thing or both things being money only, the transaction is called an” exchange”. A transfer of property in completion of an exchange can be made only in manner provided for the transfer of such property by sale. The essential…
The creation of credit is one of the important functions of commercial banks. In the ordinary course of business, banks accept deposits from the public and lend money to its customers. When a bank advances a loan, it does not pay the amount in cash. But, it opens an account in the name of the…
Section 17, 18, 19 and 20 of Indian Evidence Act ,1872 taken together defines “admission”. Section 17 lays down those statements, oral or documentary, which suggest any interference to any fact in issue or relevant fact made by admissions. The definition of the term ‘admission’ as used in the Indian Evidence Act will be clear…
Introduction: Part III of our Indian Constitution deals with our fundamental rights. As such, article 21 forms a very important part of this. Article 21 of the Indian Constitution says that “No person shall be deprived of his life or personal liberty except according to procedure established by law”. There have been several cases through…
According to Article 44 of the Indian Constitution, “The state shall endeavor to secure for its citizens a Uniform Civil Code throughout the territory of India.” INTRODUCTION Uniform code has one of the societal need and demand from the times immemorial. With the coming of BJP led Modi Government, the controversial topic has again gained…
