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Introduction to Decree: A decision given by a competent court of law has jurisdiction on a concerning matter or issue, which are either decrees or orders. A decree always follows the judgment, which is pronounced by the court, after hearing the case. It can either be declaratory or executory. Relevant Provisions: Section 2(2) for decree, … Read more
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