Insurance of fire and the Life

Fire insurance Fire insurance is an agreement where by one party in return for a consideration undertake to indemnify the other party against the financial loss for the goods damaged or destroyed by means of fire. Characteristics of fire insurance’s Contract of indemnity Offer and acceptance Lawful consideration Period of insurance Cause of accident Scope … Read more

Banker and Customer relationship

How the Banker and Customer relationship exist ? The legal relationship exist between Banker and customers as through various activities and service such as:- General relationship between Banker and customers Creditor- debitor Trustee- beneficiary relationship Principle – agent Leasor – leasee Pledger-pledge Contract of indemnity Hypothecation All above mentioned are the contracts between banker and … Read more

Conciliation, section 61 to 81 arbitration and conciliation act 1996

The arbitration and conciliation act 1996, section 61 to 81 Part III of this act, deals with the conciliation. Conciliation is forum to settle the dispute by the parties itself through a conciliator. Meaning of Conciliation Conciliation, is alternate dispute method that allows 2 parties to present there sides to a neutral 3rd party “the … Read more

Article 51 of the Constitution, adherence international convention

The Article 51 of our Constitution talk about the adherence to the international convention that we have signed over the years. Gramophone co. of India v. Birendra 1984 SC ( Article 51 case ) It has been observed that there can be no question that nations must march, with the International community and the municipal … Read more