On the death of a person, the property may pass into the ownership of another person in one of three ways. Usually it passes either by testamentary succession or intestate succession. The former, occurs where deceased disposed of the property by his Will, the later where he did not do
As a rule, choses in action are your rights that you must claim. They are not in your actual possession to benefit from them, rather you may lose. To simplify, your money in your hand is a chose in possession, whereas your money in the bank is a chose in
Joint accounts help in many situations, by jointly concentrating earnings and expenses in a single place, you make it easier to manage your household budget or company financials. This comes as each holder enjoys full right to withdraw, deposit, and manage the funds. However, joint accounts are not hassle free,
Joint accounts can help in many situations, however, they can also complicate and generate liability. Each account holder enjoys full right to withdraw, deposit, and manage funds. Some banks assign one as the primary holder and this doesn’t change the fact everyone owns everything. Once money is deposited, all of
Legally speaking, joint or co-ownership relation may exist in both real and personal property. The relationship is determined by the rule that, if the property be granted to two or more without any words of severance, the grantees are joint owners and a right of survivorship exists between them. But
Bahrain Chamber for Dispute Resolution (BCDR), is having legal jurisdiction to issue awards in settlement of disputes and such awards shall be deemed as final enforceable judgments issued by the Courts of Bahrain. This jurisdiction is very essential as it gives BCDR the necessary impetus and legal powers for enforcement
An interesting case, an old antiques trader promised his salesman to gift him special collection of antique musical instruments. Moreover, he promised many times, before witnesses that he is going to include the special gift to him in his WILL. This understanding was going on for long time, in consideration
Each person must know the rights vested in his real property, and likewise, his personal property. However, things are not always easy and rights over your goods (property) could be directly affected or minimized by an alien or a third party. The actions taken by a third party against your
Three acts could affect ownership that includes conversion, detinue and trespass. Trespass consists of any legally unjustifiable act of direct physical interference with chattels in possession of another. Allegation of trespass arising out of touching or moving a chattel will seldom succeed. Trespass, unlike conversion and detinue, is probably actionable
A will is a legal document prepared by the testator, for execution for the benefit of beneficiaries after his death. However, there are many requirements for the validity of a will. Among such requirements, is the presence and signature of witnesses. In most cases, two witnesses.Generally, a person making a