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Adequacy of consideration - Law of Contract
Well provided that consideration is sufficient, or actual it necessitate not be adequate. Hence the court will not compare the value of the defendant's promise about the value of the plaintiff's act or promise in order for determines the fairness of the transaction. Here the parties are presumed for have concluded a fair bargain and such the court will not assist any one among of them who alleges such he made a bad bargain. However this is illustrated trough Thomas v. Thomas in whether it was held that a payment of by £1 per year to the use of a house was binding on the executors to the deceased owner as Thomas who had promised to accept such payment.
Article 33 - Pacific settlement of disputes Article 33 the meaning of Negotiation is the same as in domestic law. It is a preferred mode and third party intervention is not nee
John, a young CPA and one of the audit team members for Moulberg Electrical Appliances Ltd, has developed very good insights into the company's systems in the last 12 months and wa
Characteristics of Unincorporated Associations However these are associations of persons that who associate to promote a common and lawful purpose. Thus now they have no lega
Explanatory statement - mergers and winding up: It is also necessary that the members or creditors who are to vote on the scheme should be able to understand its full effects.
QUESTION 1 (a) Under which circumstances can banking information on customers be disclosed and at the same time not breaching the confidentiality clause of the Banking Act (
Objects Clause: Reasons for Stating Objects Section 5 (1) (c) requires the memorandum of association to state the objects of the company. The section does not however indi
Fraud or improper conduct: English courts have intervened on numerous occasions and lifted the veil of incorporation in order to circumvent a fraudulent or improper design by
Jurisdiction - High Court Whether under Section 60 of the constitution states in which the High Court shall have 'unlimited original jurisdiction in civil and the criminal mat
NEGLIGENCE: It is still uncertain whether damage caused by negligence can be brought under the heading of "fraud" for the purpose of the exception of "fraud on the minority."
Reduction of Capital: 4.1 The general rule is that it is illegal for a company to reduce its capital. This is so because such a reduction would be tantamount to reducing
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