Equity and Delay: A Legal Perspective
Delay defeats equity
Introduction:
Equity helps those who are vigilant toward their rights. Reasonable diligence is the first requisite for an equitable relief. If a person has negligently slept over his rights for a length of time disproportionately long, equity will not allow him to litigate in respect of them. The person who is guilty of laches or undue delay is not entitled to the relief by the court of equity.
Meaning:
It means equity aids the vigilant and not the indolent.
Purpose:
This maxim discourages
Read MoreMass Communication Theories and Media Effects
1. A communication is a symbolic process whereby reality is produced, maintained, repaired, & transformed is:
CULTURAL DEFINITION OF COMMUNICATION
2. Lasswell´s model of communication is expressed as: Who says what in which channel with what effect. TO WHOM
3. The mass society theory idea that media R dangerous drug, or a killing force that directly & immediately penetrates a persona s system s summed up in the: HYPODERMIC NEEDLE THEORY
4. Communication is best defined as THE PROCESS OF CREATING
Read MorePrevention of Money Laundering Act, 2002: Obligations, Punishments, and Trials
22
Prevention of MoneyLaundering
Act,2002
Question 1
What is Money – Laundering?
Answer
Whosoever directly or indirectly attempts to indulge or Knowingly assists or knowingly is a party or is actually involved in any process Or activity connected with the Proceeds of crime andprojectingitasuntaintedpropertyshallbeguiltyofoffenceofmoneylaundering.
Question 2
What are Proceeds of crime?
Answer
Section 2(1)(u) defines “proceeds of crime” as any property Derived or obtained, directly or indirectly,
Read MoreUnderstanding Contracts: Essential Elements, Interpretation, and Termination
CHAPTER V
GENERAL THEORY OF CONTRACTS
1. GENERAL IDEAS
(A) CONCEPT
Pursuant art. 1254 of Civil Code:
“The contract is an agreement of wills between two or more persons, by which one or more of them consent to be bound with another or others to give something or provide some service.”
This means that the contract is a bundle of synallagmatic obligations (“to give something or provide some service”) reciprocally established between the parties.
However, the essence of the contract is the agreement
Taxation of Corporate Taxpayers vs. Income from Partnerships: Criteria and Examples
Taxation of Corporate Taxpayers vs. Income from Partnerships
Criteria
Centralized management:
A corporation is typically represented by its officers, not by the shareholders.
A partnership is typically represented by its partners or one partner elected by the partners.
Limitation of liability:
The shareholders in a corporation cannot be held liable for the corporation’s debts.
The partners in a partnership can be held liable for the partnership’s debts even though limitations on the liability may be
Read MoreFederico Echevarria’s Rally-Protest Speech in Favor of Protectionism
1. INTRODUCTION
The text we analyze is a fragment of the rally-protest speech that the Basque businessman Federico Echevarria gave in Bilbao on December 9, 1893 in favour of protectionism.
As regards the origin, it is a primary source. As regards the form, it is a public meeting/rally, then it is a narrative text; in the content, it is an economical text.
The text is addressed to the Government and to businessmen, therefore it is a public text.
The main objective of Echevarria was to eliminate free
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