Tag: Banking
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Termination of Contract
Buyer’s Right to Termination of Contract Note: see the Vienna Convention on Contracts for the International Sale of Goods 1980. Statutes Sale of Goods Act 1979 as amended in 1994 and 1995. Judicial Decisions Afovos Shipping Co. v. Pagnan [1983] 1 W.L.R. 195. Agricultores […]
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Bankruptcy
Definition of Bankruptcy In accordance with the work A Dictionary of Law, this is a description of Bankruptcy : The state of a person who has been adjudged by a court to be insolvent (Compare winding-up). The court orders the compulsory administration of a bankrupt’s affairs so that his […]
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Bankruptcy
Definition of Bankruptcy In accordance with the work A Dictionary of Law, this is a description of Bankruptcy : The state of a person who has been adjudged by a court to be insolvent (Compare winding-up). The court orders the compulsory administration of a bankrupt’s affairs so that his […]
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Credit Union
Credit union in the Context of Mortgages Nonprofit cooperative organizations that provide banking and financial services, including mortgages, home improvement loans and home equity loans, to their members. Similar Terms Credit Credit A measurement of a person’s ability to pay bills on time. […]
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Finance History
The primitive financial institutions of England centre round the king’s household, or, in other words, the royal economy precedes the national one. Revenue dues collected by the king’s agents, rents, or rather returns of produce, from land, and special levies for emergencies form the elements […]
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Security
Security of note issue No security was ever required to be given for the local issues in the United Kingdom. The provisions of the acts of 1844-1845 which compel the Irish and Scottish banks to hold specie against the notes issued beyond the legal limit, do not make the coin held a […]
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Bankruptcy Procedure
History Summary of procedure For the convenience of readers who may require more detailed information, the accompanying summary of some of the more important provisions of the law relating to bankruptcy procedure is submitted. It must be borne in mind, however, that the subject is in […]
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Wagering
Gaming, Wagering and Gambling From the Encyclopedia Britannica (1911): It is somewhat difficult exactly to define or adequately to distinguish these terms of allied meaning. The word game is applicable to most pastimes and many sports, irrespective of their lawful or unlawful character. […]
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Insolvency
Resources See Also Further Reading Insolvency in the Encyclopedia of Britain Insolvency in the Osborn's Concise Law Dictionary Insolvency in the Halsbury's Laws of England Insolvency in the Stroud's Judicial Dictionary of Words and Phrases Insolvency in the Jowitt's Dictionary […]
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Company Reconstructions
History When a company reconstructs, as it often does in these days, the rights of debenture-holders have to be provided for. Reconstructions are mainly of two kinds—(1) by arrangement, under the Joint Stock Companies Arrangement Act 1870, amended in 1900 and 1907, incorporated in act of 1908 […]
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Equitable Winding-up
Minority protection in Company Law Refine your research by picking one of the below sections, including the The statutory remedies. The statutory remedies Insolvency Act : Just and equitable winding-up Find under this subsection information about Insolvency Act : Just and equitable winding-up […]
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Compulsory Winding-up
Definition of Compulsory Winding-Up In accordance with the work A Dictionary of Law, this is a description of Compulsory Winding-Up : A procedure for winding up a company by the court based on a petition made under circumstances listed in the Insolvency Act 1986. The main grounds for this type […]
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Banking Legislation
English Law affecting Banks and their Customers Issue of Notes The legislation which culminated in the Bank Charter Acts of 1844 and 1845 secured to the Bank of England the absolute monopoly of the note issue within the city of London and a 3-m. radius. Outside that radius, and within […]
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Financial Restructuring
Voluntary arrangements under ss– Insolvency Act Find under this subsection information about Voluntary arrangements under ss– Insolvency Act in relation to Financial restructuring. Sale under the articles
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Bankrupt
Definition of Bankrupt This amounts to insolvency i.e. Being unable to pay your creditors.