hpseventeen
Unpaid Seller A seller becomes unpaid seller when he/ she fails to get the whole payment from the buyer in time or when the bank dishonors the negotiable instrument received by him for payment. The Contract Act, 2056 has not defined the term unpaid selller. Section 45(2) of Indian Sale of goods Act, 1930 has … Read more
The jurisdiction of District Courts in Nepal refers to the types of cases these courts are allowed to hear and decide. District Courts are the most common courts in Nepal and handle a wide range of cases. The Jurisdictions of district courts They have the authority to deal with various legal matters, including: 1. Civil … Read more
The court system of Nepal is made up of different levels of courts to provide justice. The highest court is the Supreme Court, which handles important cases and appeals from lower courts. Below it are the High Courts, which review decisions made by District Courts in different regions. District Courts are where most cases, like … Read more
Business Laws is a set of rules that help businesses operate fairly and legally. It covers things like contracts, sales, property, and how businesses work with customers, employees, and other businesses. Also Business law is important to regulates business operations, protect rights, Encourage fair compensations, risk management and liability, etc. Importance of Business Laws 1. … Read more
A High Court is an important court in a country that handles serious cases and appeals from lower courts. It has the power to make decisions on important legal matters, including issues related to the constitution and people’s rights. The High Court also makes sure that lower courts follow the law properly and can give … Read more
The legal environment refers to the framework of laws, regulations, and court decisions intended to encourage, guide, and control business activities. Some are designed to protect workers, consumers, and communities. Others are designed to regulate the behavior of managers and their subordinates in business and other enterprise. The term ‘ legal environment’ of a business … Read more
Source refers to a place, person, or thing from which something originates or can be obtained. Sources of Business law refers to the authority from which the business law is derived. SOURCES OF BUSINESS LAW a. Legislation or Statutory Law Legislation is the most important and direct source of law. It is made after fulfilling … Read more
Business law is a section of code that is involved in protecting liberties and rights, maintaining orders, resolving disputes, and establishing standards for the business concerns in their dealings with government agencies and individuals. It also regulates the transactions and relations for business organizations. Similarly, it defines the responsibility of the business concerns to know … Read more
A court system is a network of courts that deal with legal cases and disputes. Its job is to interpret laws, deliver justice, and settle disagreements between individuals, groups, or the government. Courts are usually organized into different levels, like lower courts, higher courts, and special courts, based on the type and complexity of the … Read more
Generally, the law has a two-fold nature: substantive and procedural. One without another is immaterial. They coincide with one another. Their close relation makes the law valuable. a. Substantive Law:Substantive law is based on legal principles and is related to the subject matter and motive of the law. It is real and actual law. It … Read more