Explore the legal framework of accord and satisfaction, a method used to discharge contractual obligations through mutual agreement and consideration.
Understand Acceptance Supra Protest or Acceptance for Honour in financial legal terms and its impact on the legacy of financial obligations.
Explore the complexities of Cost and Freight (CFR), a critical Incoterm in global trading, defining seller responsibilities in shipping by sea.
Explore the concept of Garnishee Order, now known as Third-Party Debt Order, and its impact on debt collection and financial obligations.
Explore the legal and financial nuances of gift causa mortis, the unique 'deathbed gift' contrasted with standard inheritance methods and gift inter vivos.
This article defines what an heir is, differentiates between an heir and a beneficiary, and explains the legal implications of inheritance without a will.
Explore the concept of pari-passu, which implies equal footing among financial obligations or securities, and learn how it applies in various financial scenarios.
Explore the meaning of per stirpes, its application in estate planning, and how it differs from per capita, ensuring your legacy is passed on exactly as intended.
Explore the concept of subrogation in insurance, how it works, and its implications for policyholders. Learn how insurance companies recover funds from third parties responsible for losses.
Explore the meaning of 'prima facie' in legal context, detailing its importance in both civil and criminal law, and how it impacts case proceedings.
Explore the purpose and impact of the incontestability clause in life insurance, offering policyholders a layer of security against claims denials based on misstatements after a set period.
Explore the definition of a lessee, their rights, duties, and the legal relationship with the lessor, including insights into commercial and residential leases.
