Month: September 2020

Law is described as a body of rules for guidance of human conduct which is imposed upon and enforced among the citizens of the state.  Discussion This exposition of the term law captures its essential ingredients, namely that it is Read More …

The nature and amount of the deceased property Any past, present or future, capital or income from any source of the dependant. The existing and future means and needs of the dependant Whether the deceased had made any advanced or Read More …

Double insurance This is a situation where an insured takes out more than one policy on the same subject matter and risk with different insurers but where the total sums insured exceeds the value of the subject matter. The subject Read More …

To accept and carry goods of any person on payment of the reasonable charges of hire, provided there is room in his vehicle. But he is not bound to transport such goods as he does not profess to carry or Read More …

Blank endorsement This is an endorsement which does not specify the person to whom or to whose order the bill is payable. It’s effect is to convert the order bill into a bearer bill. Special endorsement This is an endorsement Read More …

Discharge by agreement A contract is discharged by agreement when the parties thereto agree to discharge it. It is justified on the premise that whatever is created by agreement may be extinguished by agreement. Discharge by agreement may be bilateral Read More …

Application-Form-CIIA-Examination

Offer An offer has been defined as unequivocal manifestation by a party of its intention to contract with another party. It is clear intimation of intention to contract. The party that manifests the intention to contract is the offeror and Read More …

If the principal does not exist or has no capacity. If he expressly or impliedly personal liability. The third party may when contracting with an agent, create a condition that the agent should be personally liable on the contract, and Read More …

Under the provisions of the Sale of Goods Act, the unpaid sellers lien is exercisable if: If the buyer becomes insolvent If the goods have not been sold on credit If the goods have been sold on credit but the Read More …