NEWS & BLOGS EXCLUCIVELY FOR INFORMATION TO ENGINEERS & VALUERS COMMUNITY
DIFFERENCE BETWEEN VOID AND VOIDABLE CONTRACTS Void Contract: A void contract is that which is not valid from the outset, and it has no legal effect. A void contract is not a contract at all, as it lacks one or more essential elements required for a valid contract. It is considered to have no legal […]
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DIFFERENCE BETWEEN CRIME AND CIVIL WRONG AS PER LAW OF TORTS Civil wrongs involve disputes between individuals seeking compensation for harm or injury, while crimes are offenses against society as a whole that are prosecuted by the state and can result in criminal penalties. The burden of proof and the nature of the consequences differ
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DIFFERENCE BETWEEN NUISANCE & TRESPASS AS PER LAW OF TORTS Nuisance: Nuisance refers to the unreasonable interference with a person’s use or enjoyment of their property. It can be categorized into private nuisance (affecting an individual) or public nuisance (affecting the general public). Examples include excessive noise, pollution, and obstruction of rights of way. Trespass:
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UNDERSTANDING THE MEANING OF DEFAMATION AS IN LAW OF TORTS Defamation: Defamation is another tort in India. It involves making false statements that harm the reputation of an individual or entity. Defamation can be in the form of spoken words (slander) or written words (libel). To establish a claim of defamation, the plaintiff needs to
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WHAT HAPPENED TO A VALUER IF PROPERTY BECOME NPA When a property becomes a Non-Performing Asset (NPA), it typically means that the borrower has defaulted on their loan payments, and the property’s value is at risk. For a valuer or appraiser, this situation involves several potential impacts: Revaluation: The valuer might be tasked with reassessing
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UNDERSTANDING ESSENTIAL ELEMENTS OF CONTRACT Meaning of Contract: A contract is defined as an agreement enforceable by law. An agreement that is not enforceable by law is not considered a contract. Essential Elements of a Valid Contract Section 10 of the Indian Contract Act, 1872 provides that “all agreements are contracts if they are made
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UNDERSTANDING VARIOUS CLASSES OF HEIRS AS PER HINDU SUCCESSION ACT, 1956 Intestate Succession The Hindu Succession Act, 1956, was passed to amend and consolidate the law relating to intestate succession among Hindus. It extends and applies to all persons, who practice the religion or who are defined as Hindus (Hindus, Buddhists, Jains, and Sikhs) under
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UNDERSTANDING AGNATES, COGNATES, AND COLLATERALS AS PER HINDU SUCCESSION ACT, 1956 Under the Hindu Succession Act, 1956, the terms Agnates, Cognates, and Collaterals refer to different categories of relatives that are used to determine the order of inheritance. Agnates: Relatives connected solely through male lineage. They have the highest priority for inheritance under Hindu law.
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UNDERSTANDING VARIOUS BLOOD RELATIONS AS PER HINDU SUCCESSION ACT, 1956 The Hindu Succession Act, 1956, outlines the rules for inheritance and succession among Hindus. In terms of blood relations, it categorizes them into different degrees, and these are essential for determining inheritance rights. Full Blood: Relatives who share both parents with the deceased and have
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LIST OF REGISTERED VALUERS IN INCOME TAX DEPARTMENT IN CHENNAI UPTO 23/05/2023 CLICK HERE TO READ FULL LIST
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MAINTENANCE TO WIFE In India, maintenance, or alimony, is a right that either spouse can exercise if they can prove they are unable to support themselves financially. It’s a financial support that covers basic necessities like food, clothing, and shelter, as well as other needs to lead a normal life. The amount of maintenance is
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SALIENT FEATURES OF THE TRANSFER OF PROPERTY ACT, 1882 • The transfer of property act, 1882 provides a uniform and a clear law concerning the transfer of movable property from one living person to another living person by the act of parties. • The Transfer of Property Act, 1882 is an extension of the Indian
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