Introduction A tax is defined as a compulsory contribution to the government from its citizens that is used to pay for expenses incurred for the common interest of all persons without reference to any special benefits being conferred to the Read More …
Day: October 13, 2020
Ways in which the tort of conversion may be committed
The tort of conversion may be committed in any of the following ways: Taking another’s goods or dispossessing. Destroying or altering another’s goods. Receiving another goods Misdelivery of goods Disposition with delivery. Disposition without delivery. Refusal to surrender on demand.
Powers of a personal representative.
Enforce by suit or otherwise all causes of action surviving the deceased or arising out his death for his estate. Sell or otherwise turn to account all or any part of the assets vested in him if necessary or desirable. Read More …
Conditions to be fulfilled before a gift in contemplation of death can take effect
Under section 31 of the Law of Succession Act, for a donatio Mortis Causa to take effect the following conditions must be fulfilled. The donor was at the time contemplating death by reason of a present illness or present or Read More …
Circumstances under which the court may make a limited grant of administration as provided under the law of succession
This problem is based on negotiation and dishonour of bills of exchange. Abel Rigo is the recipient of the bill of exchange and for value. It is apparent that the bill was obtained fraudulently by Boaz Ngao and Abel Rigo Read More …
Meaning of the term “holder” in relation to a bill of exchange and the duties of a holder of a bill of exchange
A “holder” is a person who is in possession of a bill as of right either as the payee or endorsee or bearer. A bona fide holder acquires a defect free title and can sue on it in his own Read More …
Types of endorsements.
Order bills are negotiable by endorsement and delivery. There are four types of delivery namely: Blank endorsement: this is an endorsement which does not specify the endorsee. The endorsement converts an order to a bearer bill capable of further negotiation. Read More …
UNIFORM COSTING IN PROFIT PLANNING
Introduction: Uniform Costing is not a separate method or type of Costing. It is a technique of Costing and can be applied to any industry. Uniform Costing may be defined as the application and use of the same costing principles Read More …
Ways in which an easement may be created
An easement may be created in the following ways: Express grant or reservation: this is a situation whereby the proprietor of land or lease gives an easement over his land or land comprised in the lease. The transaction is effected Read More …
Circumstances under which a leasehold may be terminated
A lease may be terminated in any of the following ways: Notice: either party may notify the other its intention to terminate the lease where the tenancy does not specify the date of termination or intends to terminate the same Read More …