Notes, summaries, assignments, exams, and problems for Law & Jurisprudence

In simple words, judicial precedent refers to previously decided judgments of the superior courts, such as the High Courts and the Supreme Court, which judges are bound to follow. This binding character of the previously decided cases is important, considering the hierarchy of the courts established by the legal systems of a particular country. Judicial precedent is an important source of law, but it is neither as modern as legislation nor as old as custom. It is an important feature of the English legal system as well as of other common law countries that follow the English legal system.

In most developed legal systems, the judiciary is considered to be an important organ of the state. In modern societies, rights are generally conferred on... Continue reading "Understanding Judicial Precedent in Legal Systems" »

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L541: Corporate Finance Law and Business Planning

Prof. Karen E. Woody
Assistant Professor of Business Law & Ethics
Fall 2016

•Section 11 of the Securities Act of 1933

-An underwriter is liable for errors in the entire registration statement

-As an expert, an auditor is liable only for that part of a registration statement for which the auditor has issued an opinion about the financial statements

•Auditors (experts) may raise due diligence defense

-Compliance with GAAS and GAAP required

•Underwriters may also raise a due diligence defense:

-For parts of registration statement contributed by experts, underwriter may rely on expert opinion

-For remainder, the underwriter must prove a reasonable investigation, after which s/

State the Difference Between a Negotiable Instrument and a Contract of Assignment

Negotiation

Negotiation implies the transfer of a negotiable instrument that takes place to make the transferee the holder of the instrument. It has effect by mere delivery in the case of a bearer instrument and endorsement and delivery in the case of an order instrument. The transferee has the right to sue the third party in his/her own name.

Assignment

Assignment alludes to the transfer of ownership of the negotiable instrument, in which the assignee gets the rights to receive the amount due on the instrument from the prior parties. It has effect by a written document duly signed by the transferor. The assignee does not have the right to sue third parties in his... Continue reading "Negotiable Instruments: Key Concepts and Definitions" »

English Language Essentials: Numbers and Grammar

Numbers 1-100

• One
• Two
• Three
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• One Hundred

Common Irregular Verbs: Present and Past Simple

Master these essential irregular verbs to improve your English fluency.

Present

Commercial Transactions: Legal Foundations

Defining a Commercial Transaction

The definition of a commercial transaction is founded upon a special Commercial Code and typically combines two core elements:

1. Definition of a merchant
2. Definition of a commercial transaction

Commercial Transaction Definition: Germany and France

In certain countries—Germany, for example—the emphasis is placed on the definition of the merchant; in others, such as France, the emphasis is on that of the commercial transaction. This latter criterion, the so-called objective test, was adopted in the 19th century for ideological reasons, as the French wanted to avoid any repetition of the pre-Revolutionary differentiation of legal rules according to the social condition of... Continue reading "Legal Definition and Regulation of Commercial Transactions" »

Introduction

Defamation is a complex area of law that intersects both tort and criminal law. The core principle behind defamation law is the protection of an individual's reputation, status, and profession from unjustified attacks. This principle has led to the establishment of legal actions against those who make harmful and untrue statements about others.

Meanings

Defamation refers to the act of damaging someone's reputation by making false statements about them, either verbally or in writing.

Relevant Provisions

Defamation is addressed in Sections 499 and 500 of the Pakistan Penal Code (PPC) 1860.

Definition

Defamation occurs when a person makes or publishes any statement, whether spoken, written, or through signs or representations, with the intention... Continue reading "Understanding Defamation Law: Protecting Your Reputation" »

TEXT TYPOLOGY

What is a text? A language unit, spoken or written, with different sizes, communicative functions, social purposes, types, genres, and linguistic features.

Narrative Texts

To tell a story.

• Sequences of events and time
• Fictional or nonfictional
• Narrator: first person (protagonist or witness) or third person (omniscient)

Examples: Myths, fairy tales, stories, science fiction, historical fiction, novels, newspaper reports.

Grammatical features: Dynamic verbs, nouns, adjectives, adverbs, adverbials, and adverb clauses.

Scaffold: 1. Orientation: who, when, where is happening. 2. Complication: Triggers a series of events. 3. Sequence of events: characters react to the complication. 4. Resolution: Problem is solved. 5. Coda: Moral to the story.... Continue reading "Understanding Different Types of Texts: Narrative, Descriptive, Instructive, Argumentative, and Expository" »

1. Introduction

2. Relevant Provisions

3. Meaning of Hurt

4. Definition of Hurt u/ Sec 322(1)

5. Kinds of Hurt

I. Itlaf-udw

i.