system and law rights. Indigenous people have been legally fighting with Australia for many, many years regarding the land they claim is theirs. It became very difficult to understand by the general society as these are complicated concepts and many individuals acquire limited legal knowledge. Native title and land rights are only a fraction of their concern regarding this issue, but it is an important one to note. As mentioned before, Native Title and Land Rights are different concepts, and Native
John Locke revolutionized political and ideological thinking in 1690, when his book The Second Treatises of Government was published. Contained within its pages were Locke’s theories of a natural state wherein common law and the law of nature are naturally present. Locke also used his book to criticize the British Monarchy, and rejected the notion of divine power and rights. As he was opposed to divine power, he believed in the liberty and equality of each individual from birth. He is credited by
Coparcenary owes its origin to the concept of Daya i.e. property which has been explained by Vijnaneshwara while commenting on Yajnavalkyasmriti in the Daya vibhaga prakranam vayavahara adhaya. Here, it was discussed by the Vijnaneshwara that Daya is only that property which becomes the property of another person, solely by reason of relation to the owner. The words solely by reason of relation exclude any other cause, such as purchase. Narada also approves the meaning of the Daya which is a coparcenary
While the fears of overpopulation, pollution and exploitation of resources have been arising in the world, the concept of sustainable development reflects the view that land is a resource that must be preserved for future generation. There has been an increasing demand on land and its resources for shelter, food, better living conditions and an improved market economy. Land is the basic source of material wealth and a commodity that is always affected by the forces of demand and supply so it has
In matric accounting, we learn mainly about companies as a form of ownership as in previous years we learnt about sole proprietorship and partnerships. A company is a form of a business enterprise which is created by a group of people that all share a profit motive. A company can either be public or private, and for it to operate it must be registered with CIPC. I will be discussing a few concepts that are unique to companies. 1. The Companies Act The purpose of the companies act is to promote compliance
rights that are attached to this particular property. Joint Family and Partition In the Hindu customary law, there is a presumption that a family is a Hindu joint family. It consists of all persons lineally descended from a common ancestor and includes their wives and unmarried daughters. But every joint family is not a coparcenary and the concept of coparcenary is narrower than the concept of joint family. The latter is only includes those members of the joint family who acquire an interest in
suggested, but would rule with authority granted to it by individuals. Locke favored a representative government such as the English Parliament, which had a hereditary House of Lords and an elected House of Commons. locke stated that the supreme authority of government should reside in the law making legislature, similar to England's parliament.The executive (prime minister) and courts would be creations of the legislature and under its authority.Unlike locke,
Marriage is a state of being united to a person of the opposite sex as husband or a wife in a consensual and contractual relationship recognised by law. When it comes to Hindu Law, marriage is termed as a sacred relationship. Marriage is both a sacred as well as a contractual relationship. Marriage is a contract creating status. Even in Hindu law though marriage is a sacrament it is also in a sense a civil contract. According to Hindu Marriage Act, a marriage can take place between the two consenting
The distinction between smoothing and the sickness is that the fist concept assumes that managers partially adjust dividends toward a target, while the second dividends are kept unchanged over a period of time: that is, besides the requirement of dividend smoothing that dividend variation is lower than earnings variation
CHAPTER 3: HISTORICAL BACKGROUND OF THE DOCTRINE OF INSURABLE INTEREST THE CONCEPT OF INSURABLE INTEREST An understanding of the concept of insurable interest from a historical perspective starts with an understanding of the development of the notion of “interest theory” according to Mothupi . According to Reinecke , the doctrine of insurable interest originated within the womb of the doctrine of interest . The doctrine of insurable interest formed part of this long adage whose origins are traced