23Sep 2018 by admin

Preventive Relief how Granted – Section 36 | Specific Relief Act

Trade
Section 36 of the Specific Relief Act, 1963 Provides that: 1. Actio personalis moritur cum persona: Section 306 of the Indian Succession Act expresses a qualification of the maxim ‘actio personalis moritur cum persona’ to the extent that the section indicates that amongst cause of actions of a personal nature, that it to say, personal actions other than those expressly excluded by the section itself, survives. Image Source: pastorjoncannon.files.wordpress.com 2. Actio personalis moritur: ADVERTISEMENTS: The maxim “actio personalis moritur” in a limited class of actions ex delicto such as actions for damages for defa­mation, assault or other personal injuries not causing the death of the party and in other actions, where after the death of the party, the relief granted could not be enjoyed or granting it would be nugatory.…
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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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22Sep 2018 by admin

Temporary and Perpetual Injunctions – Section 37 | Specific Relief Act

Trade
Section 37 of the Specific Relief Act, 1963 Provides that: 1. Ad interim injunction: The principles in relation to grant of an ad interim injunction are as under: ADVERTISEMENTS: As a principle, ex parte injunction could be granted only under exceptional circumstances. The factors which should weigh with the Court in the grant of ex parte injunction are:(a) Whether irreparable or serious mischief will ensue to the plain­tiff; Image Source: newngrguardiannewscom.c.presscdn.com/(b) Whether the refusal of ex parte injunction would involve greater injustice than the grant of it would involve;(c) The Court will also consider the time at which the plaintiff first had notice of the act complained so that the making of improper order against a party in his absence is prevented: ADVERTISEMENTS: (d) The Court will consider whether the…
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22Sep 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: expertsystemsolutions.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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22Sep 2018 by admin

Essay on Concentration (1161 Words)

Trade
Essay on Concentration!Concentration signifies the state of being at a centre (con and centrum). Applied to thought, it is the act of bringing the mind to a single point. Each human being must practise concentration subjectively and objectively. In other words, each human being aims with more or less precision at concentration on a point within and a point without his own world. Concentration “without” is illustrated when you devote all your attention upon Nature, such as learning a trade, a profession, a science, an art or some form of business. This is Evolution, outgoing or positive mental energy. I shall call this Objective Concentration. Concentration “within” implies the withdrawing of attention from the external world and the placing of mind on “God,” “Spirit,” “Heaven,” “Religion,” “Peace,” “Nirvana,” “Eternity,” etc.…
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22Sep 2018 by admin

A Penny Saved Is A Penny Earned

Investment
“A penny saved is a penny earned” underlines the importance of saving. Saving is very essential in our life. One should spend less than his earning and save some portion for future use. You should make your expenses according to your income, do not exceed your expenditure than your income.One has to be very controlled and patient in life in order to make logical expenses. Saving is the path to success. The money saved can be used in tough times such as any emergency medical situation. It can also be used to create more money by the way of investment. That is why it is said a penny saved is a penny earned because you start earning more with your saving.You can invest your money in different ways such as…
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19Sep 2018 by admin

The basic principles of intellectual property – explained

Trade
Paris Convention is the most basic and important multilateral convention relating to intellectual property, including trademarks, of which India is a member. It defined the meaning and scope of industrial property rights protection and established basic principles and rules.Trademark has a substantial role in the competitive market and has a remarkable intellectual value which needs to be protected. The recognition and protection of intellectual property rights is considered to be of recent origin.But the instances given in this Article would trace its Origin right from the period of the Ancient Classical Greek and The Imperial Rome. ADVERTISEMENTS: During the course of time, the nations all over the world have recognized the importance of intellectual property rights due to its immense economic values and have enacted laws towards protecting them.The Agreement…
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19Sep 2018 by admin

What are the different forms of protecting trademark?

Trade
If the trade mark is a registrable one the best way to protect it is by registration. Infringement of the mark can be easily established.If the infringing mark is identical and the goods covered by registration, the success in an action” for infringement is almost certain unless the registration can be attacked on the ground of invalidity of registration or the defendant could establish honest concurrent user, or acquiescence on the part of the registered proprietor, or prior user, if the marks are not identical but only similar then the plaintiff will have to establish that the defendants’ mark is deceptively similar, that is to say, the similarity is such as to be likely to deceive or cause confusion which is a proposition not easy to establish.Ultimately the question of…
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10Sep 2018 by admin

7 Most Important Differences between a Bill of Exchange and a Hundi

Trade
7 Most Important Difference between a bill of exchange and a Hundi are listed below:1. Bills of exchange are instruments which are generally drawn up in the English language, whereas Hundis are bills of exchange or promissory notes drawn up in an oriental language.2. Bills of exchange are governed by the provisions of the Negotiable Instruments Act. Hundis are governed, as a rule, not by the Act, but by local usages and customs of trade. The Act applies only in the absence of local usage or custom, or when expressly made applicable, by a writing to that effect, on the hundi. ADVERTISEMENTS: 3. Acceptance by the drawee is written on the bill of exchange. As a rule, acceptance on the hundi is not written, but only the particulars of the…
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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,…
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