Q. Feature of Arbitration and Conciliation Act, 1996. Discuss the main causes of its enactment . Scope and development of arbitration law 1. Arbitration is considered as an alternative dispute resolution procedure under which mediation and conciliation are also included. It is considered as International commercial arbitration where two parties from two different countries approach an international arbitrator either by their mutual consent or through an arbitration institution and dissolve their dispute accordingly. The alternative dispute resolution procedure has gained importance in the last few years due to the increase in commercial market dispute and also it is a speedy, cost-effective and efficient way of settlement. The United Nations have given due recognition to Model Law of International Commercial Arbitration and Conciliation rules given by the United Nations Commission on trade and law ( UNCITRAL). The model...
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THE TRANSFER OF PROPERTY ACT LLB NOTES PREPARED IN QUESTIONS- ANSWERS FORMAT
Q. What is transfer? Or Essentials of a valid transfer? Meaning of transfer (Whether movable or immovable) - Section 5 According to the Transfer of Property Act, transfer of property means when a living person conveys the property, in present or in future, to one or more persons, or himself and one or more other persons and to transfer property is to perform such act.[ section -5 ] Legal rules for a valid transfer are- Transfer must be between two or more living persons [section 5] Living person” includes a company or association or body of individuals whether incorporated or not. A juristic person was defined in the case Shiroman...
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