There must be a dorminant and servient tenement. The easement must accommodate the dorminant tenement. The dorminant and servient tenements must be owned or occupied by different persons. The easement must be capable of forming the subject matter of the Read More …
Day: September 24, 2020
Ways in which co-ownership of property may be terminated.
Partition of the property concerned by mutual consent. Transfer to a third party. Union in sole tenant i.e. becomes vested in one person. Severance i.e. conversion of a joint tenancy to a tenancy in common.
Meaning of “Contractual capacity”
This is the legal ability of a party to enter into a contractual relationship. Not every person has capacity to enter into any contractual relationship. A contract entered into by a person with no capacity to contract is unenforceable, for Read More …
Certain types of mistakes in the formation of a contract may affect the validity of a contract
Mistakes of fact which affect the validity of a contract are referred to as operative mistakes. The law recognizes various types of operative mistakes for example: Common or shared mistake: this is a mistake as to the existence or ownership Read More …
How the equitable principle of utmost good faith is manifested in the daily operations of a partnership
A partner may not engage in a competing business without the consent of other partners A partner who makes a secret profit without the consent of the other partners must account to the firm. A partner who has a personal Read More …
Ways in which a Partnership may be dissolved without a court order
Performance of the undertaking. Completion of the undertaking. Lapse of time-if the duration is fixed. At will: – a partner notifies the others of his intention to have the firm dissolved. Mutual consent. If all partners agree. Death of a Read More …
