Archives Tag: Law
Powers And Duties Of Arbitrators
April 19, 2022
The impartial third person (or persons) acting in a judicial manner in an Arbitration Proceeding is called an Arbitrator or panel of Arbitrators. An arbitrator/ panel of Arbitrators should generally be independent and unbiased. Read more about The law and you Arbitrators are often compared in this regard to judges, who must meet relatively … Continue reading Powers And Duties Of Arbitrators
Performance Of The Contract Of Sale: Duties Of The Parties
April 19, 2022
Performance refers to the delivery of goods by the seller to the buyer plus payment of the purchase price by the buyer to the seller. The main objective of the contract of sale is to transfer property from the buyer to the seller, and the strongest proof of this is by the delivery of … Continue reading Performance Of The Contract Of Sale: Duties Of The Parties
Negotiability And Assignability; Endorsement And Delivery; Presentment And Notice Of Dishonour (Part B)
April 19, 2022
Presentation And Notice Of Dishonour Certain bills must be presented first for acceptance and then for payment, while others only need to be presented for payment. Read more about The law and you Presentation For Acceptance A bill is duly presented for acceptance which is presented in accordance with the following rules: The presentment … Continue reading Negotiability And Assignability; Endorsement And Delivery; Presentment And Notice Of Dishonour (Part B)
Negotiability And Assignability; Endorsement And Delivery; Presentment And Notice Of Dishonour (Part A)
April 19, 2022
An instrument is said to be transferable when it can be freely passed from one person to another either by delivery alone or by endorsement and delivery without the need to notify the party liable on it. Read more about The law and you Negotiability is the attribute of an instrument that enables the … Continue reading Negotiability And Assignability; Endorsement And Delivery; Presentment And Notice Of Dishonour (Part A)
Nature Of Conciliation
April 19, 2022
Conciliation is the process whereby the third party (known as the conciliator) in the settlement process is the one to reach a non-binding decision on behalf of the parties, having carefully listened to the facts of the dispute. Read more about The law and you The Conciliation Agreement Where the parties to an agreement … Continue reading Nature Of Conciliation
Money Laundering In Nigeria
April 19, 2022
Money laundering has been described as the process of trying to manage the product of crime. The phrase “money laundering” means simply “the washing of money” but a thing is laundered only when it is dirty with the goal of cleaning it. Read more about Law The washing of money is infused with an … Continue reading Money Laundering In Nigeria
Letters Of Credit And Performance Bonds
April 19, 2022
There is a significant amount of money involved in international trade, and many times, traders will have to take out loans or perform their end of the bargain on a promise to third party vendors to pay on a certain date. Read more about The law and you While this is a risky situation … Continue reading Letters Of Credit And Performance Bonds
Formation Of The Contract Of Insurance
April 19, 2022
Contract of Insurance is a contract whereby one party (called ‘the insurer’) in consideration of a price, known as premium, agrees to indemnify or pay a sum of money to another person (known as ‘the insured’) upon the happening of a loss or misfortune. Read more about The law and you A contract of … Continue reading Formation Of The Contract Of Insurance
Double Taxation
April 19, 2022
Under Double Taxation, what usually transpires is that the income of a taxpayer is taxed several times under different taxing statutes such that a single tax base will end up being subjected to more than one tax. Read more about The law and you This, broadly speaking, is what double taxation is all about. … Continue reading Double Taxation
What You Should Know About Competition Law Part 2
April 19, 2022
Competition Law In Nigeria’s Legal History There is currently no comprehensive legislation on competition law in Nigeria. This area of commercial law, although it has generated significant interest, has not received commensurate representation in the country’s law books. Read more about The law and you Nevertheless, there are several laws that cover areas relating … Continue reading What You Should Know About Competition Law Part 2
Anti- Corruption Laws And Policies In The Nigerian Legal System
April 19, 2022
Corruption is the abuse of public power for private benefit. The notion of corruption as the abuse of public power for private gain could be seen as a conflict between the obligation to exercise public power in the public’s interest, and the self-interest of an individual to use or exploit them for private gain. … Continue reading Anti- Corruption Laws And Policies In The Nigerian Legal System
What You Should Know About Competition Law
April 19, 2022
Competition law is that area of law that regulates business practice so that national or regional markets are not dominated by certain big players but rather, it makes the market open to all players on a somewhat level playing field. Read more about The law and you In other words, competition law consists of … Continue reading What You Should Know About Competition Law
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Alternative Dispute Resolution: Its Methods And Advantages
April 19, 2022
Conflict is bound to arise in any society, and it is the duty of the law to find peaceful ways to resolve those conflicts. The major forum that states have provided for addressing and resolving these disputes is the court system. The formal court process that follows recourse to the courts by parties is … Continue reading Alternative Dispute Resolution: Its Methods And Advantages
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Websites We Love: JUDY
April 19, 2022
Legal research is often cumbersome. Lawyers have to plough through numerous documents in search of an answer to their legal questions or to find a legal precedent that could help their case. Until recently, this was a universal problem, faced by professionals across the world. Read more about Websites we love But thanks to … Continue reading Websites We Love: JUDY
Websites We Love: LawPadi
April 19, 2022
LawPadi is an online platform that provides Nigerians with answers to their legal questions. This website is devoted to keeping people informed about the intricacies of the law and how it affects aspects of their life that they care about. Read more about Websites we love Its founder, Babatunde Ibidapo-Obe, says he decided to set … Continue reading Websites We Love: LawPadi
