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Rights of co-guarantors among themselvesA guarantor who that has paid more than his share below the guarantee is entitled such to contribution from his co-guarantors, although they are bound through the same or different instruments, and such whether he knew or like not of the existence of co-guarantors on the time he became bound. Conversely the doctrine of contribution is not founded on contract, because is the result of general equity on the ground of such equality of burden and benefit there.Because obtain contribution, just all the guarantors must have guaranteed such the same debt. Whether there is, since no right of contribution.1. Whether every guarantor has expressly agreed merely to be liable such for a given portion about one sum of money.2. When guarantors are bound through different documents for equal portions of a debt due from such the same principal, and such the guarantee of every is a separate and like distinct transaction.
District Magistrate's Court - Criminal Jurisdiction However Statute Law like as Miscellaneous Amendments Act 1983 amended the criminal jurisdiction of district magistrate's co
Ratified - pre-incorporation contract: If the agreement is a written one and it shows that the proposed company was the contracting party the promoters will not be allowed to
Contributions of Equity Contributions of Equity as: Developed the so called maxims of equity and Provided additional remedies and Provided for the discovery of
QUESTION The Web has made it extremely attractive to conduct commercial activities online. Companies such as Amazon.com and eBay are e-commerce powerhouses that sell all sorts
VOIDABLE ALLOTMENTS: An allotment of shares is voidable if it is made in breach of- a) Section 49 (1): by having been made before the minimum subscription was raised o
Question 1: "Defining the problems of society and ensuring that they are placed on the governmental agenda constitutes the most important stage of policy making process." Discu
Removal of Directors: By s.185(1) a company may by ordinary resolution remove a director before the expiration of his period of office, but notwithstanding anything in the art
EXPLAIN THE AIR SPACE AND OUTER SPACE The scientific advancements made by mankind in the past 100 years are a lot more than the overall scientific development of last 1000 year
Special Courts However in addition to the courts dealt into paragraphs as 2.1 - 2.7 above, there exist in England a number of other institutions that are called "courts" or "t
Representative action: Where individual shareholders have suffered personal loss in addition to the injury to the company one shareholder may bring a representative action on
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