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Functions of Law:
we discuss like, how can be utilized Functions of Law:;- are
(i) For Rules of law facilitate administration of justice. It is an instrument used by human beings to achieve justice.
(ii) and for Law assists in the maintenance of peace and order. Law promotes peaceful co-existence, that is, prevents anarchy. And
(iii) for Law promotes good governance.
(iv) and next for Law is a standard setting and control mechanism.
(v) and last is for Provision of legal remedies, protection of rights and duties.
Fraudulent preference - liquidator: When a transaction is void as a fraudulent preference any charge created is void and any cash paid or property transferred by the company
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Dishonour by Non-Acceptance The drawee is not prepared to meet the bill, such he will return it for the holder by means of a note to this effect, such the bill is then so said
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