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Contract of Agency and Its Essentials: Contract of Agency is a two-party relationship in which one person acts as representative to the other in business dealing in order to create contractual relations between that other and third person. An agency may be created to perform any act which the creator of agency himself could lawfully … Read more
Sale and Agreement to Sell: Basically, there is a little difference in Sale and agreement to sell. The sale is a transaction in which one person transfers his ownership with respect to certain goods and thereafter simultaneously delivers the goods to another person, in the response of which the person to whom the goods are … Read more
Haraabah in Law: Haraabah liable to hadd is included in the offences against property (Enforcement of Hudood) Ordinance, 1979. It is the modification(change)of the existing laws against property to bring the commission(perpetration-(irtikab-e-juram)) of certain offences within the injunctions of Islam. Relevant Provisions: Section 15, 16, 17 of Offences against Property (Enforcement of Hudood) Ordinance, 1979. … Read more
Mortgage Definition: According to Section 58, A mortgage is defined as “it is the transfer of an interest in specific immovable property for the purpose of securing the payment of money advanced or to be advanced by way of loan, an existing or future debt, or the performance of an engagement which may give rise … Read more
Transfer of Property in Law: The Transfer of Property Act, 1882 happened to be one of the early legislation of the nineteenth century. The Act is having an important place in the statute book with the main objective to render the system of transfer of immovable property a system of public transfer. Registration is therefore … Read more