Management > Financial Management > Introduction The planning, directing, monitoring, organizing, and controlling of the monetary resources of an organization is called financial management. It is the art and science of managing money It is concerned with procurement and effective utilization of funds for the benefit of its shareholders. It utilizes all those managerial activities […]
Title: Shri D. K. Basu, Ashok K. Johri vs State Of West Bengal, State Of U.P. Case No: WRIT PETITION (CRL) NO. 592 OF 1987 Judgment Date: 18/12/1996 Mode of Citation: AIR – 1997 SC – 610 By Divisional Bench of Justice Kuldeep Singh and Justice Dr. A.S. Anand Author of the judgement: Justice Dr. A.S. […]
Indian Legal System > Civil Laws > Industrial Disputes Act, 1947 > Closure of Undertaking Closure: The Industrial Disputes Act, 1947, originally does not contain the provisions relating to the closure of an industry. The provisions relating to the law of closure were inserted in the year 1957 in view of the Supreme Court judgment […]
Meaning: The law does not concern itself about trifles Meaning of De minimis non curat lex Word by Word: De: About Minimis: Minimal or very small things Non curat: not take care Lex: Body of law Explanation: The law does not concern itself about trifles (small acts). Small acts are those acts about which a […]
Indian Legal System > Civil Laws > Labour Laws > Industrial Disputes Act, 1947 > Introduction to Industrial Disputes Act Industrialization in a country has always contributed to employment, contribution to national income, per capita income, exports and economic development on one side and industrial disputes on the other. For the industrial growth, there must […]
The theory of multiple intelligences was proposed by Howard Gardner in 1983 as a model of intelligence that differentiates intelligence into various specific (primarily sensory) modalities, rather than seeing it as dominated by a single general ability. “I want my children to understand the world, but not just because the world is fascinating and the […]
Section 11: Who are competent to contract.—Every person is competent to contract who is of the age of majority according to the law to which he is subject, and who is of sound mind and is not disqualified from contracting by any law to which he is subject. Section 12: What is a sound mind for the […]
Indian Legal System > Civil Laws > Indian Contract Act, 1872 > Invitation to Offer An offer must be distinguished from an invitation to offer (Invitation to treat by English Law). An invitation to offer is an action inviting other parties to make an offer to form a contract. These actions may sometimes appear to […]
The Indian Contract Act clearly states that there cannot be a stranger to a contract. It means any third party which is not a part of the contract for breach of contract. There are some exceptions. These exceptions are explained through the Doctrine of Privity of a Contract. The Indian Contract Act. 1872, allows the […]
Indian Legal System > Civil Laws > Indian Contract Act, 1872 > Acceptance In contract proposal and acceptance of proposal are important ingredient. In last few articles, we have discussed, proposal, types of proposal, revocation of proposal. In this article, we shall discuss another important ingredient of contract that is acceptance in details. Section 2(h) […]