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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...
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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.
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private and public
The term “company” is very ancient one. Since its origin, this term has passed through various stages of evolution. In this present world, company is considered an association of a number of individuals, which is formed for some common purpose. Under companies Ordinance, various kinds of company have been described. Out of these kinds of company, one kind is public company and other kind is private company.
Definition of Public company
Public company can be defined as that
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isl
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
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Return of plantif
1. Introduction
It is a general principle of law that courts cannot entertain a suit, unless they have jurisdiction to do so. When a suit is instituted in one court and if opinion of court is that it has no jurisdiction to entertain the suit, the plaint should be returned to the plaintiff under order 7 Rule 10 CPC, for presentation to the proper court.
2. Meaning of Plaint
Plaint is not defined by the code, so it has to be taken in an ordinary sense “It is a written memorial
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Injunction
1. Introduction
An injunction is a judicial process through which some litigant is ordered to do a particular act or to refrain from doing a particular act. As far as nature of injunction is concerned, it can be mandatory or prohibitory. And as far as duration is concerned, it can be permanent or temporary. Temporary injunction is that injunction, which can be granted at any time of some suit and continues for a specified period or till further order of court is not passed.
2. Relevant
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Debenture
A debenture is a document containing a acknowledgment of debt. In other words, debenture is like certificate of loan or a loan bond, which evidences this fact that company is liable to pay a specified amount with interest. In fact, company raises money in form of loan through debentures. Although such money becomes a part of company’s capital structure, yet it does not become share capital.
Definition
Debentures can be defined as that document, which is issued by company to lender for
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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
General Partnership
In a general partnership, each partner...
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1.Sale
Sale is transferring of property or ownership by a seller to the buyer in exchange for a price paid or promised to part paid or part promised. There is absolute transfer of all rights in the property sold. The seller must be competent to transfer the property.
2. Relevant Provisions
Section 54, 55 of transfer of property act 1882.
3. Meaning of Sale
Sale is a contract between two parties called respectively the seller and buyer by which the former in consideration of the payment or promise
...
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