The term law has no assigned meaning. It has no specific definition. However, it has been used in a variety of sense by different writers who have attempted to explain it. The study of law is referred to as jurisprudence. Read More …
Month: September 2020
Types of precedents
Declaratory Precedent This is the application of an existing principle or proposition of law in a subsequent case. Original Precedent This principle or proposition of law as formulated by the court. It is the law creating precedent. Distinguishing Precedent This Read More …
Distinction of business law terms
Question Distinguish the following: (i) Law and Morality (ii) Public and Private Law (iii) Common Law and Equity (iv) Substantive Law and Procedural Law (v) Ratio Decidendi and Obiter Dicta Solution Law and Morality Morality is the sense of Read More …
Types of endorsements that may be made on a Bill of Exchange
Blank endorsement Section 34 (1) of the Bill of Exchange Act provides that an endorsement in blank specifies no endorsee. Its effects is to convert the order bill into a bearer bill. Special endorsement A special endorsement is an endorsement Read More …
Explain the meaning and main exceptions to the rule “Nemo dat quod non habet” as stipulated in the Sale of Goods Act.
The common law rule of nemo dat quod non nabet, literally means one cannot give what he has not. It means that a seller of goods cannot give the buyer thereof a better title than he himself has in the Read More …
Discuss the various equitable remedies which may be available to an injured party who is suing for breach of contract.
Specific performance This is a court order which compels the defendant to perform its part of the contract as agreed. It compels the defendant to fulfill its promise in accordance with the contract without an option to pay damages. It Read More …
