Types of Writs
Law

Types of Writs

Meaning of Writ; A written command, precept or formal order issued by a Court.   Traditional English writs-Following are the traditional English Writs:                                                                Mandamus Prohibition Certiorari Habeas Corpus Quo Warranto Mandamus. Writ of Mandamus is to direct a person performing functions in connection with the affairs of the Federation, Provincial or a Local Authority to do anything which he is required…

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Difference Between illegal Agreement and Void Agreement?
Business, Differences, Law

Difference Between illegal Agreement and Void Agreement?

ILLEGAL AGREEMENT VS VOID AGREEMENT   ILLEGAL AGREEMENT VOID AGREEMENT 1. PROHIBITED It is prohibited by law. It is not prohibited by law 2. PUNISHABLE The parties are punishable. The parties are not punishable. 3. NATURE illegal agreement is void agreement from the beginning. A void agreement is not illegal agreement. 4. OBJECT The object or motive of illegal agreement…

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Difference Between Law, Act and Ordinance
Business, Differences, Law, Tax

Difference Between Law, Act and Ordinance?

Law is the body of rules and orders formally accepted by the community for the welfare and security of the community. Act means the formulation of rules and law by the parliament. Any legislation or enactment of the President is termed as Ordinance. An ordinance promulgated by the President has the same effect as an Act of Parliament.

Tax and Types of Tax
Business, Economics, Law

Tax and Types of Tax

The word “tax” means “burden or duty”. It is an amount of money paid to the government, which is based on person’s income or the cost of goods or services which a person has bought. DEFINITION A compulsory contribution made by the public for the support of a Government. The contribution is from persons, groups, or businesses within the domain…

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Difference Between Contract & Agreement
Business, Differences, Law

DIFFERENCE BETWEEN CONTRACT AND AGREEMENT

What is contract? Any agreement or declaration between two or more parties and the agreement must be enforceable by law is called contract. In valid contract, both parties who involve in the contract are legally bound to fulfill his obligations or promises which are within the contract.                            Contract = Agreement + Enforceability Example: Mr. Peter promises to sell his…

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Elements of Valid Contract
Law

Elements of Valid Contract with Examples

Contract: Any agreement or declaration between two or more parties and the agreement must be enforceable by law is called contract. In valid contract, both parties who involve in the contract are legally bound to fulfil his obligations or promises which are within the contract. The basic formula of a contract.                            Contract = Agreement + Enforceability Essentials of Valid…

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