As simple as it gets, a bye law is a law or a rule governing the internal affairs of an organization. It is a rule made by a local authority for the regulation of its affairs or management of the area it governs. A by law is a subsidiary law. It refers to a rule…
Transfer of Property Act, 1882 is the statutory law in India that contains provisions for mortgage laws. In simple terms, Mortgage is transferring interest of an immovable property for securing a loan or for a performance of an engagement. Section 58(a) of the Act defines the term mortgage. The person who mortgages the property, i.e.…
Transfer time for the sale of goods involves the transfer of ownership of the property from the seller to the buyer. For the following reasons, it is necessary to determine the exact time at which ownership of the goods passes from the seller to the buyer: Risk passes through the property. The rule is, prima…
The owner of property has the right to use that property in any legal manner they wish, including keeping other individuals from entering their property. Trespassing, or trespass to land, occurs when an individual enters onto another individual’s land without their permission or without a legal right to be on the property. Trespassing may be…
Section 2(h) of Indian Succession Act, 1925 provides the legal definition of will, “Will means the legal declaration of the intention of a testator with respect to his property which he desires to be carried into effect after his death.” It is an instrument by which a person makes disposition of his property to take effect after…
India stood at 86th rank in the Transparency International’s Corruption Perception Index this shows how corruption is deep rooted in the system. Right to Live Happily and with dignity is guaranteed under Article 21 of the Constitution but due to massive corruption, our ranking in Happiness index is very low. The BENAMI TRANSACTIONS (PROHIBITION) ACT,…
WHAT IS PROPERTY REGISTRATION A property needs to be registered for the purpose of sale, transfer,gift or lease in accordance with Registration Act,1908.As per Section 17 of the Registration Act, 1908, all transactions that involve the sale of an immovable property for a value exceeding Rs 100, should be registered.If someone doesn’t register a property while…
Introduction: Most of us think that the terms ownership and possession refers to the same thing. Both ownership, as well as possession, can simply define as a state, act, or right of owning something. However, the right to ownership is most important right. The earlier legal systems did not recognise the distinction between ownership and…
One reason to consider using a living trust is probate avoidance. This document is an estate planning vehicle designed to make it easier for your loved ones to administer your estate when you die. When you transfer title to your assets into your living trust, those assets should not need to go through probate court administration…
OFFENCES AGAINST PROPERTY- PART 3 This article will provide information on offences like Cheating, Mischief, Forgery which are also comes under offences against property. 1. CHEATING Sec 415 of IPC defines Cheating as: Whoever, by deceiving any person, fraudulently or dishonestly induces the person so deceived to deliver any property to any person, or to…
