This document discusses the definition and types of bailment under Pakistani law. It defines bailment as the delivery of goods by one person to another for a specific purpose, to be returned or disposed of according to the bailor's instructions. There are three types of bailment: for the exclusive benefit of the bailor, for the exclusive benefit of the bailee, and for mutual benefit. The duties of the bailee include taking reasonable care of the goods, not making unauthorized use of them, and returning them, while the duties of the bailor include disclosing faults in the goods and paying necessary expenses.
Specific performance of contract is subject matter of Specific relief Act 1963. These slides are summarized presentation to enable the students to understand the concept of specific relief
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Specific performance of contract is subject matter of Specific relief Act 1963. These slides are summarized presentation to enable the students to understand the concept of specific relief
Will or testament is a legal document by which a person, the testator, expresses his wishes as to how his property(ies) is to be distributed at death, and names one or more persons, the executor, to manage the estate until its final distribution.
Law of WILL is very important to understand so that beneficiary does not face legal complication.
The Criminal Procedure Code, 1973 provides for the provisions for maintenance. The provisions enumerated under the code are explained herein the slides along with the remedies available for maintenance and against maintenance.
Contract of agency, features of agency and termination agencyFAST NUCES
The presentation is abut the contract of agency. it contains the essentials features required for a agency. Moreover, it also includes the purpose of agency and kinds of agent. further, it is also providing termination of agency.
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the present power point presentation deals with the subject transfer of property act section 41 which talks about ostensible ownership. The ppt will be very helpful in understanding the topic and covers the relevant case laws for the same in a summarized way in 8 slides.
THE SLIDES CONCENTRATE N THE ISLAMIC CONCEPT OF PRE-EMPTION (SHUFA). IT INCLUDES ITS PRESENT AND CONSTITUTIONAL STATUS AS WELL. HELPFUL FOR LAW STUDENTS AND PROFESSIONALS
Contract of agency, features of agency and termination agencyFAST NUCES
The presentation is abut the contract of agency. it contains the essentials features required for a agency. Moreover, it also includes the purpose of agency and kinds of agent. further, it is also providing termination of agency.
The presentation deals with different aspects of easements comprising definition, essential elements, classification, modes of acquisition, grant, prescription, customary easement, operation of law, etc.
the present power point presentation deals with the subject transfer of property act section 41 which talks about ostensible ownership. The ppt will be very helpful in understanding the topic and covers the relevant case laws for the same in a summarized way in 8 slides.
THE SLIDES CONCENTRATE N THE ISLAMIC CONCEPT OF PRE-EMPTION (SHUFA). IT INCLUDES ITS PRESENT AND CONSTITUTIONAL STATUS AS WELL. HELPFUL FOR LAW STUDENTS AND PROFESSIONALS
Bailment describes a legal relationship in common law where physical possession of personal property, or a chattel, is transferred from one person (the "bailor") to another person (the "bailee") who subsequently has possession of the property. It arises when a person gives property to someone else for safekeeping and is a cause of action independent of contract or tort.
Bailment is distinguished from a contract of sale or a gift of property, as it only involves the transfer of possession and not its ownership. To create a bailment, the bailee must both intend to possess, and actually physically possess, the bailable chattel. Bailment is a typical common law concept although similar concepts exist in civil law (Spain- Depósito).
In addition, unlike a lease or rental, where ownership remains with the lessor but the lessee is allowed to use the property, the bailee is generally not entitled to the use of the property while it is in his possession.
A common example of bailment is leaving your car with a valet. Leaving your car in an unattended parking garage is typically a license rather than a bailment, as the car park's intent to possess your car cannot be shown. However, bailments arise in many other situations, including terminated leases of property, warehousing (including store-it-yourself) or in a carriage of goods.
Bailment Originated from a French word Bailer which means to deliver . Sec 48 to171 of the Indian Contract act 1872,contain the provision relating to contract of bailment .
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Winding up, also known as liquidation, refers to the legal and financial process of dissolving a company. It involves ceasing operations, selling assets, settling debts, and ultimately removing the company from the official business registry.
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Reasons for Winding Up:
Insolvency: This is the most common reason, where the company cannot pay its debts. Creditors may initiate a compulsory winding up to recover their dues.
Voluntary Closure: The owners may decide to close the company due to reasons like reaching business goals, facing losses, or merging with another company.
Deadlock: If shareholders or directors cannot agree on how to run the company, a court may order a winding up.
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Voluntary Winding Up: This is initiated by the company's shareholders through a resolution passed by a majority vote. There are two main types:
Members' Voluntary Winding Up: The company is solvent (has enough assets to pay off its debts) and shareholders will receive any remaining assets after debts are settled.
Creditors' Voluntary Winding Up: The company is insolvent and creditors will be prioritized in receiving payment from the sale of assets.
Compulsory Winding Up: This is initiated by a court order, typically at the request of creditors, government agencies, or even by the company itself if it's insolvent.
Process of Winding Up:
Appointment of Liquidator: A qualified professional is appointed to oversee the winding-up process. They are responsible for selling assets, paying off debts, and distributing any remaining funds.
Cease Trading: The company stops its regular business operations.
Notification of Creditors: Creditors are informed about the winding up and invited to submit their claims.
Sale of Assets: The company's assets are sold to generate cash to pay off creditors.
Payment of Debts: Creditors are paid according to a set order of priority, with secured creditors receiving payment before unsecured creditors.
Distribution to Shareholders: If there are any remaining funds after all debts are settled, they are distributed to shareholders according to their ownership stake.
Dissolution: Once all claims are settled and distributions made, the company is officially dissolved and removed from the business register.
Impact of Winding Up:
Employees: Employees will likely lose their jobs during the winding-up process.
Creditors: Creditors may not recover their debts in full, especially if the company is insolvent.
Shareholders: Shareholders may not receive any payout if the company's debts exceed its assets.
Winding up is a complex legal and financial process that can have significant consequences for all parties involved. It's important to seek professional legal and financial advice when considering winding up a company.
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ALL EYES ON RAFAH BUT WHY Explain more.pdf46adnanshahzad
All eyes on Rafah: But why?. The Rafah border crossing, a crucial point between Egypt and the Gaza Strip, often finds itself at the center of global attention. As we explore the significance of Rafah, we’ll uncover why all eyes are on Rafah and the complexities surrounding this pivotal region.
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In 2020, the Ministry of Home Affairs established a committee led by Prof. (Dr.) Ranbir Singh, former Vice Chancellor of National Law University (NLU), Delhi. This committee was tasked with reviewing the three codes of criminal law. The primary objective of the committee was to propose comprehensive reforms to the country’s criminal laws in a manner that is both principled and effective.
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These slides helps the student of international law to understand what is the nature of international law? and how international law was originated and developed?.
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NATURE, ORIGIN AND DEVELOPMENT OF INTERNATIONAL LAW.pptx
Bailment
1. Adv. Uzair A.K. Ghouri
Bailment
Definition
Characteristics
Types
Duties of Bailee
Duties of Bailor
2. Adv. Uzair A.K. Ghouri
Definition of Bailment
In accordance with section 148 it is the
delivery of goods by one person to another
for some purpose, upon a contract that they
shall, when the purpose is so accomplished,
be returned or otherwise disposed of
according to the directions of the person
delivering them.
Bailor delivers the good and bailee receives
the good
Transaction is called bailment
3. Adv. Uzair A.K. Ghouri
Characteristics of Bailment
Goods must be moveable property
Delivery can be “Constructive” or
“Actual”
Goods deliver for some purpose
Goods deliver with the Condition either
to return back or disposed of
4. Adv. Uzair A.K. Ghouri
Kinds of Bailment
Bailment for exclusive benefit of the
bailor (surety; security)
Bailment for exclusive benefit of the
bailee
Bailment for mutual benefit
5. Adv. Uzair A.K. Ghouri
Difference between Bailment
and Sales
In sales ownership is transferred.
In Bailment ownership is not
transferred rather possession for a
specific period of time.
6. Adv. Uzair A.K. Ghouri
Duties of Bailee
Duty to take reasonable care of goods deliver to
person (that is care that a man of ordinary prudence
would take of his own goods)
Bailee is not the insurer of the goods had the
mistake is not cause because of negligence on his
part
Duty not to make unauthorized use of the goods
else he is liable to make compensation
Duty not to mix goods bailed with his own goods
Duty to return goods
Duty to deliver any accretion to the goods
7. Adv. Uzair A.K. Ghouri
Duties of Bailor
Must disclose fault in goods of bailed
Must pay necessary expenses
Must receive back the goods
Shall indemnify the Bail
8. Adv. Uzair A.K. Ghouri
Termination of Bailment
If the Bailment is for specified period at
the end of that period
If the Bailment for specific purpose at
accomplishment of that purpose
termination will occur
Any act in violation of the contract