Day: October 13, 2020

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 …

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 …

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 …

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 …

Freehold ownership of land: This is a situation where the bundle of rights conferred upon the holder are exercisable for an indefinite duration. The state cannot determine the duration though it is the granting authority. A freehold owner can transmit Read More …

Illegality does not necessarily mean that a criminal offence is involved. It means that the contract cannot be enforced by reason of being contrary to the public good or does not promote the public good. It is contrary to public Read More …