10Sep 2018 by admin

5 Main Differences between Bail and Anticipatory Bail

Essays
5 differences between Bail and Anticipatory Bail may briefly be stated as follows:—(1) Provisions relating to bail are contained in Sections 436 and 437, Cr. P.C. whereas Section 438 deals with anticipatory bail. ADVERTISEMENTS: (2) The provisions relating to bail were contained in the old Code of Criminal Procedure, 1898 also but there was no provision for grant of anticipatory bail in the old Cr. P. C. Therefore it is relatively a new concept incorporated in the Code of Criminal Procedure, 1973.(3) Bail may be granted to the accused by any Judicial Magistrate or Court but anticipatory bail may be granted only by the High Court or Sessions Court.(4) Bail is a post arrest legal process, that is, it is granted only after arrest of the person whereas anticipatory bail…
Read More
10Sep 2018 by admin

5 Most Important Differences between ICCPR and ICESCR

Housing
5 Most Important Differences between ICCPR and ICESCR are given below: ICCPR: 1. ICCPR represents and protects the human rights of first generation.2. It explains human rights pertaining to cultural and political rights (i.e. not to torture, not to show discrimination, etc.). ADVERTISEMENTS: 3. The rights incorporated in ICCPR are negative in character just like the provisions in the penal code of a municipal law. The Indian Penal Code defines and narrates different offences, which are prohibited. In the similar way ICCPR defines and narrates certain things not supposed to be done by the States.4. The judicial remedies are provided to the aggrieved persons, in cases their civil and political rights are violated by the State. The aggrieved person can claim before the Central Human Rights Commission, Human Right Court,…
Read More
10Sep 2018 by admin

14 Important Differences between Administrative Tribunals and Courts

Government
14 Important Differences between Administrative Tribunals and Courts are as follows: Administrative Tribunal: 1. Administrative Tribunal need not follow C.P.C., Evidence rules. ADVERTISEMENTS: 2. It deals with only the service matter.3. The members need not be a trained person in law.4. The decision is subjective.5. It is more rapid, cheap and efficient. ADVERTISEMENTS: 6. It is a new trend in the world, including India.7. It solves the service matters basing on departmental policy and technicality.8. It need not follow precedents, principles of res judicator, estoppels.9. ‘Independence of judiciary’ principle is not seen in Administrative tribunals. The executive interferes with the tenure, terms and conditions of service of the members and Chairman. Of course, certain constitutional guarantees are provided to check the executive power. ADVERTISEMENTS: 10. Strictly speaking, it is a…
Read More
10Sep 2018 by admin

4 Most Important Differences between Fraud and Misrepresentation

Essays
4 Most Important Differences between Fraud and Misrepresentation are listed below: Misrepresentation: 1. A false statement of facts believing it to be true, without an intention to deceive the other party2. Misrepresentation is innocent or unintentional. ADVERTISEMENTS: 3. If the aggrieved party had the means to discover the truth with ordinary diligence, contract will not be voidable.4. The other party can rescind the contract but cannot claim damages. Fraud: 1. A misrepresentation of facts with full knowledge that it is not true, with an intention to deceive the other party.2. Fraud is a willful misrepresentation or concealment of facts to defraud the other party. ADVERTISEMENTS: 3. The contract will be voidable on account of fraud even if the aggrieved party could discover the truth by ordinary diligence except when it…
Read More
10Sep 2018 by admin

5 Most Important Differences between Sub-Agent and Substituted Agent

Business
5 Most Important Differences between Sub-agent and Substituted Agent are given below: Sub-Agent: 1. Sub-agent is appointed by an agent to assist him in business of agency. ADVERTISEMENTS: 2. There is no privities of contract between the sub-agent and the principal.3. A principal cannot sue directly the sub- agent except when he was properly appointed and he commits wilful wrong or fraud.4. The sub-agent works under the control and direction of the agent.5. The agent is responsible to the principal and the third party for the acts of the sub-agent. Substituted Agent: ADVERTISEMENTS: 1. Substituted agent is named by the agent, but appointed by the principal.2. There is privities of contract between the principal and the substituted agent.3. A principal can directly sue or sued upon by, the substituted agent.4.…
Read More
10Sep 2018 by admin

7 Most Important Differences between Coercion and Undue Influence

Relationships
7 Most Important Differences between Coercion and Undue Influence are given below:Both Coercion and undue influence create flaw in consent and make contract voidable at the option of the aggrieved party. But there is vast difference between the two methods: Coercion: 1. Coercion is committing or threaten­ing to commit any act forbidden by the Indian Penal Code or unlawful detaining or threatening to detain property of others to force consent. ADVERTISEMENTS: 2. It entails use of physical force or threat, to cause consent in a con­tract.3. Relationships are not implied.4. Onus to prove that coercion was used to obtain consent lies on the partly who is complaining or the aggrieved party who is entitled to set aside the contract.5. If the aggrieved party exercises the option to rescind the contract,…
Read More
10Sep 2018 by admin

14 Major Differences between Public Corporation and Government Departmental Undertaking

Management
14 Major Differences between Public Corporation and Government Departmental Undertaking are listed below: Public Corporation: 1. It is an instrument of the Government. It is also called statutory corporation. ADVERTISEMENTS: 2. It is a purely commercial.3. It is an autonomous body.4. Examples:ONGC, RTC, LIC, FCI, Damodar Valley Corporation, Air India, etc ADVERTISEMENTS: 5. There are two different basic concepts in the management of public corporations, viz. autonomy and accountability.6. The structure of the public corporation cannot be amended by Government itself. The structure of the public corporation can be altered only by Parliament.7. It has its own independent administration.8. It is a separate juristic person. It can sue and can be sued. ADVERTISEMENTS: 9. For tortious liability, it is held liable. Article 300 does not apply.10. Section 123 (Privilege of…
Read More
10Sep 2018 by admin

What is the Concept of Elasticity of Factor Substitution? – Explained!

Essays
Different factors of production are used in the process of production so as to get maximum profit. If the composition of the factors of production is not profitable, there will be shift of resources from one use to the other so as to increase the profitability by increasing or decreasing outlay in one resource or the other.A change in the price of one factor keeping all other prices constant will require a readjustment of factor proportion. This is due to the fact that change in the price of one factor destroys the equilibrium condition of the equality of price ratios between the two factors and the marginal rate of technical substitution.The concept of elasticity of factor substitution was developed by J.R. Hicks in his book ‘The Theory of Wages’ in…
Read More
10Sep 2018 by admin

What is the Concept of Elasticity of Factor Substitution? – Explained!

Essays
Different factors of production are used in the process of production so as to get maximum profit. If the composition of the factors of production is not profitable, there will be shift of resources from one use to the other so as to increase the profitability by increasing or decreasing outlay in one resource or the other.A change in the price of one factor keeping all other prices constant will require a readjustment of factor proportion. This is due to the fact that change in the price of one factor destroys the equilibrium condition of the equality of price ratios between the two factors and the marginal rate of technical substitution.The concept of elasticity of factor substitution was developed by J.R. Hicks in his book ‘The Theory of Wages’ in…
Read More
10Sep 2018 by admin

3 Most Important Stages of Law of Variable Proportions of Production

Law
In the short run, output may be varied by varying the quantity (quantities) of the variable factor (s), while keeping the quantity (quantities) of other factors constant. The behaviour of output in such situation actually falls into three distinct stages.In Fig. 8.2, we have graphically illustrated the production function with one factor variable (for the sake of convenience), while all other factors are held constant. Quantity of the variable factor is shown on the X-axis and total product, average product and marginal product are measured along the Y-axis. ADVERTISEMENTS: The variations in the total, average and marginal product by varying the quantity of variable factor are shown in this figure. Here, total product (TP) goes on rising to a point and after that it starts falling. Average and marginal product…
Read More