Mortgage and types
A mortgage is security for the payment of debt. mortgage is created by act of the parties by a written document providing security for the performance of a duty or the payment of the debt.
Sec. 58 transfer of property act.
3. Definition of mortgage:
"Mortgage is transfer of an interest in specific immoveable property for the purpose of securing the payment of money advanced by way of loan, an existing or future debt, or the performance of an engagement which may give rise to pecuniary...
1. Sale
Sale is transferring of property by a sellor too the buyer at a price. there is absolute transfer of all rights in the property sold. the seller must be competent to transfer the property.
2. Relevant provisions:
Sec. 55 transfer of property act.
3. Definition of sale:
"Sale is a transfer of ownership is exchange for a price paid or promised or part paid and part promised."
4. Sale how made:
Modes
In case of Tangible property
A sale of tangible immovable property such as house building can be made.
Administrative Law
Administrative law consists of complaints respecting government action that adversely affects an individual. Thus, administrative law involves determining the legality of government actions. There is a two-fold analysis: the legality of the specific law itself and the legality of particular acts purportedly authorized by the specific law.
Governments cannot perform any act by itself. Governments act through government officials who must act within certain limitations. A governments
1. Shariat Court
Under the presidential order in 1980, a court was constituted which was given constitutional status later on. federal shariat court has jurisdiction to introduce Islamic principles in a statute as contained in the injunctions of Islam. it can give its opinion to the gov't concerned about an existing statute.
2. Relevant Provisions:
Article 203.
3. Composition:
The federal shariat court consists of eight Muslim judges includind the Chief justice. they are appointed by the president of...
A partnership is a form of business where two or more people share ownership, as well as the responsibility for managing the company and the income or losses the business generates. That income is paid to partners, who then claim it on their personal tax returns – the business is not taxed separately, as corporations are, on its profits or losses.
There are three types of partnerships:
General partnership
Limited partnership
Joint venture
In a general partnership, each partner...