Corporate Law

Acceptance Supra Protest refers to a legal instrument used in financial transactions, specifically in the context of bills of exchange. It is a formal declaration by the holder of a bill of exchange that the bill has been accepted under protest due to some irregularity or dispute. This declaration aims to protect the rights of […]

Accord and Satisfaction is a legal concept that refers to an agreement between parties to settle a dispute for less than what was originally owed. It involves offering and accepting alternative terms to resolve a disagreement, typically concerning a debt or contractual obligation. Importance of Accord and Satisfaction Accord and Satisfaction serves several important purposes:

An accumulation trust is a specialized legal arrangement used primarily for managing assets and wealth distribution according to specific terms and conditions. This trust type is designed to accumulate income within the trust rather than distribute it immediately to beneficiaries. Understanding how accumulation trusts work is crucial for individuals and families seeking to manage their

Ad Referendum is a Latin term used in legal and contractual contexts to indicate that a decision or agreement is subject to further approval, validation, or confirmation by an external authority or party. It signifies that the matter is conditional and not final until specified conditions or approvals are met. Purpose and Usage of Ad

Affirmation of contract refers to the act of confirming or ratifying a contract that was initially voidable or questionable due to legal reasons. This process involves a party explicitly agreeing to uphold or continue with the terms of the contract despite any previous issues that could have made it unenforceable. Key Aspects of Affirmation of

The age of consent refers to the legal age at which an individual is considered capable of consenting to engage in sexual activities or relationships. This legal threshold is crucial in defining the point at which a person can willingly participate in sexual acts without the risk of being deemed incapable of providing informed consent.

An allonge is a legal term used in financial and contractual contexts, particularly in relation to negotiable instruments like promissory notes and bills of exchange. It serves a specific purpose in modifying or endorsing these documents when there is insufficient space on the original document itself. Key Features of Allonge 1. Definition and Purpose 2.

Ante-date refers to the act of assigning a date to a document or transaction that precedes the actual date on which it was prepared or signed. This practice is typically used for legal or financial purposes to reflect an earlier effective date, often for record-keeping or compliance reasons. Key Characteristics of Ante-Date Key characteristics of

Anti-trust laws, also known as competition laws, are regulations designed to promote fair competition in markets by preventing monopolistic practices, collusion among competitors, and other behaviors that could harm consumer welfare or restrict competition. These laws aim to maintain market efficiency, protect consumers, and ensure a level playing field for businesses. Key Characteristics of Anti-Trust

In this article, we delve into the concept of Bailment, defining its meaning, providing real-world examples, and discussing its applications in everyday scenarios for learners of accounting and finance. What is Bailment? Definition Bailment refers to a legal relationship where one person (the bailor) temporarily transfers possession of personal property to another person (the bailee)