23Sep 2018 by admin

Rescission in Certain Circumstances of Contracts for the Sale or Lease of Immovable Property – Section 28 | Specific Relief Act

Holidays
Section 28 of the Specific Relief Act, 1963 Provides that: 1. Appeal: An appeal is a continuation of the suit. Therefore, where a decree for specific performance has been dismissed by the trial Court, but decreed by the appellate Court, it should be construed to be in the same suit. When the decree specifies the time for performance of the conditions of the decree, V on its failure to deposit the money, Section 28 (1) itself gives power to the Court to extend the time on such terms as the Court may allow to pay the purchaser money or other sum which the Court has or­dered him to pay. Image Source: emsaac.org 2. Application for: ADVERTISEMENTS: The Supreme Court on aspects of extension of time to make payments has observed…
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23Sep 2018 by admin

Read this Essay on “Strategic Planning” (413 Words)

Management
Read this Essay on “Strategic Planning” (413 Words)!Strategic planning, as defined in Chapter 6, is the process of planning as to how to achieve the organizational goals with the available resources and is undertaken by the central management of the organization. Strategic planning is necessary and important for the following reasons: Image Source: brandadventure.co.uk ADVERTISEMENTS: First, there are a large number of external variables whose values do not remain constant that affect the operations of the organization. These variables include changing international environment, political and governmental policies and forces, economic trends, social dynamism and so on. Strategic plans must have provisions to cope with these changing situations.Second, all natural resources are becoming scarce. The management must decide on how to compete for these resources and how to allocate and utilize…
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23Sep 2018 by admin

Specific Performance of Part of Contract – Section 12 | Specific Relief Act

Law
Section 12 of the Specific Relief Act, 1963 Provides that: 1. Agreement: In the case the 1st respondent was ready and willing to perform the whole of the agreement but trial Court has noted that the appellant could not perform the agreement in its entirety inasmuch as she could not deliver possession. As 1st respondent had elected not to accept performance in part. The Trial Court held that the agreement could not be specifically enforced. Image Sourc:e: guerrillafreelancing.com 2. Bar of period: ADVERTISEMENTS: Since the period of limitation bars a suit for specific performance of a contract, if brought after the period of limitation, it is open to a defendant in a suit for recovery of possession brought by a transferor to take a plea in defence of part performance…
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23Sep 2018 by admin

Series of conceptual techniques to assist top management – Essay

Management
Series of conceptual techniques to assist top management!During the 1960s and 1970s a number of management consulting companies developed a series of conceptual techniques to assist top management of diversified corporations to evaluate each of the corporation’s various businesses with respect to the market place and internal resources and thus better manage their portfolio of businesses. Image Source: coe.alasu.edu ADVERTISEMENTS: When all business units have been evaluated, an appropriate strategic role for each unit is developed and each role is integrated into an overall strategic policy for the entire organization.One of the best known examples of the portfolio strategy is the “portfolia frame work” or BCG Matrix, advocated by Boston Consulting Group. This matrix compares various businesses in an organization’s portfolio on the basis of relative market share and market…
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23Sep 2018 by admin

Rights of Purchaser or Lessee against Person with no Title or Imperfect Title – Section 13 | Specific Relief Act

Government
Section 13 of the Specific Relief Act, 1963 Provides that: 1. Consideration for: The agreement to sell the land subject to ob­taining the permission about the use of land prior to execution of sale deed is not contingent but was specifically enforceable. The suit filed within three years from the date of permission is not barred by limitation. Image Source: c14608526.r26.cf2.rackcdn.com 2. Entitled to sue for possession: ADVERTISEMENTS: In view of Exhibit the plaintiff had obtained an interest in the property leased and he was entitled to sue for possession of the same on his own right, if there were no other legal im­pediments. That being so, the suit for specific performance is misconceived, even if it is maintainable. The proper relief was to sue for possession and the plaintiff…
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23Sep 2018 by admin

Read this essay on “Planning” (408 Words)

Decision Making
Read this essay on “Planning” (408 Words)Planning is a critical managerial activity. It is the process of determining how the organization can get where it wants to go. It is a primary function of management because all other functions depend upon how the organization plans to achieve its objectives. Image Source: stlouis-mo.gov ADVERTISEMENTS: Planning is a decision making activity requiring, the process of ascertaining objectives” and deciding on activities to attain these objectives. In planning, managers assess the future, determine the goals of the organization and develop the overall strategies to achieve these goals.The extent and complexity of planning would depend upon the complexity and multiplicity of objectives. Consider, for example, the planning undertaken by the Atlanta Committee for the Olympic Games (ACOG) held in Atlanta, Georgia in 1996, While…
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23Sep 2018 by admin

Read this essay on “International Business”– (1085 Words)

Marketing
Read this essay on “International Business”– (1085 Words)!There are many different forms and levels of international business. In addition to domestic business which essentially acquires its resources and sells its products and services domestically, within a single country, the international business can be defined at three levels. These are International business, Multinational business and Global or Transnational business. Image Source: mozconcepts.com ADVERTISEMENTS: An International business can be defined as a business which is primarily based in a single country but acquires a reasonable share of resources from other countries. Wal-Mart Stores, for example, are located in America but buy much of the merchandise from Korea and Taiwan. Similarly, a business that is located in one country but derives a part of its revenues from other countries would also be considered…
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23Sep 2018 by admin

Essay on Communication (650 Words)!

Management
Essay on Communication (650 Words)!Communication is considered to be the most important ingredient of the management process. Interpersonal and two way communication is fundamental to all managerial activities. Image Source: fra.europa.eu ADVERTISEMENTS: All other management functions involve communication in some forms of directions and feedback. Effective management is a function of effective communication. Many operations have failed because of inadequate communication, misunderstood messages and unclear instructions.Communication skills can make or break a career or an organization. Studies conducted by Gary Benson, through a survey questionnaire sent to personnel managers of 175 of the largest companies in Western States in America indicated that written and oral communication skills are critical not only in obtaining a job but also in performing effectively on the job. The questionnaire contained some questions regarding the…
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23Sep 2018 by admin

Essay on Ethical Decisions Making in Business

Decision Making
Essay on Ethical Decisions Making in Business !Ethics can be defined as, “the code of moral principles that sets standards of good or bad or right or wrong in one’s conduct and thereby guides the behaviour of a person or a group”(1). The “code of moral principles” is very subjective in nature and depends much upon the value system of the individual. Image Source: buildablog.co ADVERTISEMENTS: But how do you determine the validity of the value system or make an objective judgement about ethical behaviour? R. Baumhartasks a number of questions related to ethical behaviour. For example, is there a set standard against which the ethical standards can be measured?Is there a “situational code” of ethics according to which the ethical merits of an activity can be evaluated? Is the…
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23Sep 2018 by admin

The Formation Of The Master Budget Requires The Following Steps

Budget
The master budget is a comprehensive summary budget incorporating all the functional and operational budgets. It portrays sales, revenues, expenses, profits, capital employment, material and labour costs, return on investment and the relationships among these and other items. Image Source: i.ytimg.comThe master budget is usually a short term budget, generally covering a period of one year to eighteen months and is used to control the entire organization. The formation of the master budget requires the following steps. a) Forecast demand for products and services: ADVERTISEMENTS: This forecast may be based upon simple intuitional judgements about the future trends or it may be the result of more complex statistical calculations. b) Identity and assign responsibility for various cost and revenue components to areas that are most appropriate: For example, production costs…
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