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How was Negligence the main cause?
Negligence was the major cause:
A claim for damages can only succeed when there has been damage or loss to the claimant.
Illustrations:
• Personal injury
• Damage to property
• Financial loss directly connected to any of the above
• Pure financial loss is highly improbable to be recovered, although there are exceptions for example, Hedley Byrne and Company Ltd verses Heller and Partners Ltd in 1963.
Negligence should be shown to be caused through the defendant and not more remote.
Explain The criminal jurisdiction The criminal jurisdiction is exercised on the basis of the following: 1. Nationality 2. Territory 3. Universal jurisdiction and 4. Specifi
Maintenance Of Capital: The issued share capital of a company limited by shares is the primary security for the company's creditors. In Re: Exchange Banking Co (Flitcroft's Ca
Important points - Contractual Capacity of Drunken Persons Here the following points should be notice for as: Ratification Well a drunken man who enters into
Manner of Transfer of Bills One of the characteristics of bills of exchange is such whereas A gives B a bill accepted through X in settlement of his debt, since this same ins
Provision of Fiduciary Duties - company management: This provision is supplemented by Article 84 of Table A which provides that- i. The director shall not vote in respect
Duty of an auditor: The duty of an auditor generally was very carefully considered by this court in RE: LONDON AND GENERAL BANK (1895) and I cannot usefully add anything to wh
what kind of thing should an analyst keep in mind when evaluating financial statements?
Mode of Reduction: S.68 (1) expressly states that a company may reduce its capital "in any way". There is therefore no statutorily prescribed mode of reduction and the actual
Determine in detail about the credibility factor Let us consider, 'credibility' factor. The law, institutions and other created authorities lead to circumstances that can assur
Loans to Directors: Section 191(1) renders unlawful any loan made by a company to a director of the company or its holding company. It is also unlawful for the company to guar
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