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
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
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
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
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
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
Soon everyone will be a Neil Armstrong or a Buzz Aldrin. Laws will change our technology will change, and our understanding of our universe will change also. With modem developments in space exploration and the private race to space being catapulted by companies such as Space X, the concept of private property acquisition in outer space has become a pertinent issue in international law. One big debate point is the lack of real property laws and no real government management in space or on other celestial
LGBT issues Anarchism, as it is, continues to be influential, with adherents like Herbert Read stressing the relevance of anarchism to the struggle for peace,secularism,a respect for art and the democratising of education.The same applies to the concept of individualist anarchism.The new social movements concern themselves with a wide array of cuses-animal rights and ecology,peace and women’s rights;road-building and the private transport to name a few. Free love is an important and contemporary
instructions, and left free to “make up their own rules for maintaining law, order, and respect” [5]. In explaining the results, he said that the “majority” of participants found themselves “no longer able to clearly differentiate between role-playing and self” [5], and that, in the six days the study took to unfold, “the experience of imprisonment undid, although temporarily, a lifetime of learning; human values were suspended, self-concepts were challenged” [5], and the “ugliest, most base, pathological