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Presumptions:
Therefore in their attempt to construe statutes that courts of law are guided through the subsequent assumptions or presumptions.;
(a) That the statute was not intended to change or alter or modify the common law.
(b) That the statute was not intended to affect or distress the crown.
(c) That the statute was not intended to interfere with vested rights of individual.
(d) That the statute was not intended to impose liability without fault.
(e) That the statute was not intended to have extra-territorial effect.
(f) That the statute was not intended to be inconsistent with international law.
(g) that an accused person is presumed innocent until proven or has pleaded guilty.
ALLOTMENT OF SHARES: An allotment, legally, is the company's acceptance of an offer to buy its shares. Thus we can say it is governed by the following rules of the common law
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