Law plays great role to help commerce and there are steps to make commercial documents negotiable. Negotiability enhances commerce and in addition to bills of exchange, promissory notes and cheques, there are other documents deemed negotiable instruments. As, “Treasury Bills”, issued by Governments to raise money on short term loans
Your property could either be real or personal property. There are legal points, to understand and how to use your property. Negotiable instruments are among the most important types of personal property. Negotiable instruments, are three kinds, bills of exchange, promissory notes and cheques. The convenience of the use and
Property can be divided into certain categories including, “tangible real property” as in land and anything attached to it, or “tangible personal property” as in any moveable items that can be bought and owned, or “intangible personal property” that cannot be seen but exists by virtue of written documentation as
What is the legal position, where initially it is perfect to carry out the contract, and then a sudden change occurs making it impossible to perform the contract? COVID – 19, as example.Earlier, the rule was that the parties were under an absolute duty to perform contractual obligations. A person
The “Nemo dat rule” means, no one gives what they do not own. In other words, the purchase from someone who has no right, also denies the purchaser any title. This ancient Latin rule stays valid in all transactions. However, an important exception comes from negotiable instruments. Legally, negotiable instrument
In personal property, the transfer or possession of ownership involves many legal difficult issues. We possess and or transfer items from hand to another, however, many times we are not aware of some legal repercussions related to what we have done. We refer here, in particular, to the ancient basic
As per Trust Law in Bahrain, “Trust” is a legal relationship created by a “Settler” whereby certain “Trust Property” is held in the name of the “Trustee”. The “Trustee” shall exercise the required duties and powers in accordance with the provisions of the law and the terms of the trust.
The Trust Law in Bahrain provides, a “Trust” shall be recognized by the law of Bahrain as valid and enforceable. Based on this, a person can make a trust for certain beneficiaries. This person, “settler” appoints a qualified person, “trustee” to take care of the trust as agreed upon in
Bahrain is the first country in the area to issue a special law to govern financial trust “trust law”. The law was promulgated in 2006 and last amendment took place in 2016. This sophisticated special law, is primarily intended to help in wealth management. Many people, have wealth from diversified
Every day you buy or sell different goods. This is a contract with the other party. Herein, there are certain conditions and warranties, you need to be aware off. In general, a condition is a term which goes directly to the substance of the contract and is essential to its