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Capacity - Element of Contract
Capacity to Contract
However 'capacity' may be described like the legally documented right of a person to enter with a legally binding agreement. Since the law of contract limits in varying that degrees the contractual capacity of the subsequent persons as;
a) Infants or minors, and one is
b) Drunken persons and persons about unsound mind,
c) Corporations.
d) Undischarged bankrupts.
Auditors: APPOINTMENT: S.159 (1) provides that "every company shall at each annual general meeting appoint an auditor or auditors to hold office from the above
DISCLAIMER OF ASSETS: The liquidator has a statutory right of disclaimer of assets: s.135. The rules are: (a) he must obtain leave of the court; (b) the right o
How to solve multiple equilibria problem The approach of equilibrium selection to solve multiple equilibria problem aims to retain the definition of equilibrium and accepts th
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Exceptions: The rule in Turquand's case will not apply if: i.The person suing the company is in fact an insider, such as a director of the company: Howard v Patent Ivory
Q. Increasing the risk rating of building and construction? Stakeholders indicated that there is a significant risk of phoenix activity in the building and construction industr
Glenda has taken a household insurance on her classic Queenslander home in North Queensland. At the time of application, the insurer "URINSURED" asked various questions regarding
Equitable Lien General examples are for the lien of an unpaid seller about land who that has moved out of possession to unpaid purchase money and such the right of partners on
JURISDICTION According to Peter Stephen Du Ponceau, an international lawyer from Philadelphia, Jurisdiction, in its most general sense means; "The power to make, declare, o
The second factor which is necessary for a claimant to impose claim on other person is to have a cause for the action taken by him. Hence it is important to have a proper link betw
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