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Key Traits of Negotiable Credit Instruments

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Essential Characteristics

  1. Incorporation

    The rights are tied to the writing. The instrument contains a right given by the document. Possession of the writing evidences the right.

  2. Legitimation

    The person holding the instrument has the power to demand payment of the credit within.

  3. Accuracy

    The terms of the instrument cannot be modified or amended from the moment of its creation.

  4. What is accurately written in the text of the instrument becomes the right.

  5. Autonomy

    The instrument is born when it is drafted and negotiated by its original maker.

    1. There is a personal relationship between the maker and the first holder. This repeats as it transfers from one hand to another.

    2. The instrument becomes more abstract, autonomous and independent from the reasons it was

... Continue reading "Key Traits of Negotiable Credit Instruments" »

General Partner Obligations: Competition, Profit Sharing

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Management and Partner Authority

No partner may contradict or hinder the action of the sole manager partner. Management is entrusted as an express condition of the partnership contract, and such a manager may not be removed from their position.

If the manager misuses their powers and their management causes damage to the corporate assets, the remaining partners may:

  • Appoint a co-manager from among them.
  • Bring a claim for rescission of the sole manager's contract before the courts.

Management can be entrusted to one or more persons who are not partners, and the manager can delegate to third parties who are not partners. All partners are entitled to take part in the management and running of common business, including the right of veto.

When management... Continue reading "General Partner Obligations: Competition, Profit Sharing" »

Understanding Proposals, Consent, and Free Consent in Contracts

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1. Proposal

When one person signifies to another his willingness to do or to abstain from doing anything, with a view to obtaining the assent of that other to such act or abstinence, he is said to make a proposal. (Section 2(a))

a. Promise

The word 'promise' in the act is used in a narrow sense to mean an accepted proposal. It is not the same thing as an agreement, which is defined under clause (e). The technical use of the word 'promise' in the Court Act is far narrower than the popular use. Express words of promise often are in law no narrower than a proposal. A proposal is merely an offer to be bound by a promise, and a promise in law is an accepted proposal. It is the promise only which can give rise to an agreement which, if enforceable by... Continue reading "Understanding Proposals, Consent, and Free Consent in Contracts" »

Understanding Trespass to the Person, Goods, and Land

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Trespass to the person

If there is direct interference with the person's body, it is called trespass to the person. If the interference is indirect, then it constitutes nuisance. Trespass can be committed with land, the person, and goods. Trespass is a direct action. Injury to the person has four kinds: 1. Assault, 2. Battery, 3. False Imprisonment, and 4. Mayhem

Assault

Assault is an act of the defendant, which causes the plaintiff reasonable apprehension of the infliction of battery on him by the defendant. The essential requirements of assault are:

  • There should be some preparation of use of force.
  • There should be reasonable apprehension of the use of force.
  • There should be the ability of the defendant to carry out the threat.
  • This act is of the
... Continue reading "Understanding Trespass to the Person, Goods, and Land" »

Law 19983 on

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Eighth Amendment
The Eighth Amendment has a big change with Article 58 2(b), which in turn is considered to be the provision that introduced the presidential power to dissolve the National Assembly at his discretion where, in his opinion, appeal to the electorate was necessary. On such dissolution, elections were to be called within one hundred days.
Total Amendments in Constitution of Pakistan 1973
Till January 2015 twenty one amendments have been made in constitution of Pakistan 1973.
Explanation of Eighth Amendment
Following are the points are important for explanation of eighth amendment with reference to its effects on political or parliamentary system of Pakistan.
1. Dissolution of National Assembly
President could dissolve National Assembly
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Law 19983 on

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C AND T: judicial settlement involves the reference of spites to permanent tribunals for legally binding solution Courts with general jurisidictiion. As one of the six main organs of the United Nations and its principal judicial Organ, the International Court of Justice (ICJ) has guaranteed impartial Adjudication free of political pressure or economic bargaining since 1945.The International Court of Justice works in French and English and is located at the Peace Palace in The Hague, Netherlands. 

functions: achieve peaceful resolution of disputes Submitted by sovereign member states in accordance with international lawNon-Member States may also appear Before the Court; however, they must meet the terms outlined by the General Assembly
... Continue reading "Law 19983 on" »

Understanding Health Insurance Coverage and Risk Management

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Types of Coverage

Basic Health Care Coverage.

  • Hospital insurance: Pays for the cost of room and board and other medical expenses while you are in the hospital
  • Surgical insurance: Covers the fees associated with the operating surgeon and anesthesiologist
  • Medical insurance: Provides payments for general nonsurgical physician care at the office or hospital

Major Medical Coverage. This type of insurance provides protection after limits on basic health care coverage have been exceeded. Most policies have a coinsurance clause with:

  • 80% of the covered expenses paid by the insurer
  • 20% of the covered expenses paid by the insured

Long-Term Care Coverage. If you are unable to take care of yourself:

  • Nursing or rehabilitative care at home
  • Stay in a skilled nursing
... Continue reading "Understanding Health Insurance Coverage and Risk Management" »

Understanding the Electoral Process and Political Parties in Mexico

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What is an electoral process?

Acts ordered by the Constitution and the law itself, made by the electoral authorities, the national political parties and citizens, which aims the periodic renewal of the members of the Legislative and Executive branches of government.

What is a political party?

Can be considered as any permanent association of people who share the same ideology and seeks to participate in political power or wants to conquer it.

What is the electoral roll?

The electoral roll contains the names of the citizens who made an individual application to the INE, and that fulfill the constitutional and legal requirements, to get a voters card.

How often are deputies, senator and president chosen?

Deputies must be renewed every three years and... Continue reading "Understanding the Electoral Process and Political Parties in Mexico" »

Landmark Religious Freedom Cases: Establishment & Free Exercise

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Landmark Religious Freedom Cases

School Prayer Cases and the Lemon Test

  • Engel v. Vitale (1962)

    • Mere promotion of a religion is sufficient to establish a violation, even if that promotion is not coercive.
    • School prayer is a religious activity by its very nature.
  • Abington School District v. Schempp / Murray v. Curlett

    • Declared school-sponsored Bible reading in public schools in the United States to be unconstitutional.
    • Must be neutral (basis for prong 2 of Lemon Test).

Church of Lukumi Babalu Aye v. City of Hialeah

  • The court struck down the city ordinance.
  • The ordinance made it a crime to kill, torture, or mutilate an animal in a public or private ritual or ceremony not for the primary purpose of food consumption.
  • “The laws in question were enacted by
... Continue reading "Landmark Religious Freedom Cases: Establishment & Free Exercise" »

United Nations: Structure, Principles, and Key Provisions

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United Nations

Key Principles

Members should:

  • Respect the sovereign equality of member states
  • Refrain from the threat or use of force against the territorial integrity or political independence of any state
  • Settle international disputes by peaceful means
  • Support enforcement actions
  • Fulfill in good faith all obligations assumed under the Charter

Key UN Charter Provisions

  • Chapter I: Purposes and Principles (Art. 2(3), Art. 2(4), Art. 2(7))
  • Chapter VI: Pacific Settlement of Disputes (Art. 33(1))
  • Chapter VII: Action with Respect to Threats to the Peace, Breaches of the Peace, Acts of Aggression (Art. 39, Art. 41, Art. 42, Art. 51)
  • Chapter VIII: Regional Arrangements (Art. 52, Art. 53)

6 Principle Bodies

Security Council

Primary responsibility for the maintenance... Continue reading "United Nations: Structure, Principles, and Key Provisions" »