The case cited above, highlights the mandatory requirement and importance of the spousal consent on a mortgage of a matrimonial home. The case further enlightens on the rights of a bona fide purchaser of a mortgage that has been declared invalid for want of spousal consent and the rights of the party prejudiced by the…
A company is at a discretion not to demand the full amount of nominal face value of the shares and the premium on those shares in lumpsum at the time of application and may instead demand in installment depending on requirements. This means the shareholders or subscribers may pay the total amount in installments i.e….
1. The Law of Contract Act What is a contract of guarantee? Section 78 The Law of Contract Act defines a contract of guarantee as a contact to perform the promise or discharge the liability of a third person in case of his default. There are three key players in a contract of a guarantee,…