Start learning 50% faster. Sign in now
Actus Non Facit Reum Nisi Mens Sit Rea, Explanation: Actus Non Facit Reum Nisi Mens Sit Rea- An act does not make one guilty unless there is a criminal intent. To be guilty of a crime under criminal law two elements are considered i.e., guilty act and a guilty state of mind. Without a guilty mind or a criminal intent, there cannot be any crime. Therefore, an act in itself does not make a man guilty, unless his intention is so. Quid Pro Quo- Something for something. Generally, quo pro quo is consideration i.e., something in return for something or something in exchange for something. Thus, it signifies consideration which forms the part of a contract and passes from one parry to the other and thereby making the agreement valid and binding. It forms an essential part of a valid contract. Consensus ad idem- Meeting of the minds or mutual agreement, Explanation: This is mostly used in contract law and which means that there is agreement between the parties to the contract or mutual agreement between all the parties to a contract. Assentio Mentium- It means meeting of minds or mutual consent which is either expressed or implied by both parties to a contract. It is synonymous with the legal term consensus ad idem and is most commonly used in contract law. Mutual consent is one of the essential elements in order to constitute a contract as per Section 10 of the Indian Contract Act, 1872 Ex Nudo Pacto Action Non Oritur- A contract without consideration is void and thus, no right of action arises from a contract entered into without consideration. It is one of the essential elements for the formation of a contract.
Which European financial regulatory body revoked CCIL’s recognition?
Under the IBC, which of the following is NOT a condition for MSMEs to qualify for insolvency resolution?
What is the new threshold for the Basic Services Demat Account (BSDA) as per SEBI's recent guidelines?
Which platform partnered with TransUnion CIBIL to launch the SEHER program?
Government has announced a Centrally Sponsored Scheme namely, “New India Literacy Programme” (NILP). The New India Literacy Programme (NILP) has ...
Under the revised framework for Commercial Papers (CPs), what is the requirement for settlement of primary issuance of CPs in terms of time?
A Ltd purchase the running business of K Ltd consists of total asset of Rs. 10,00,000 liabilities of Rs. 2,00,000. A Ltd paid Rs. 2,00,000 immediately i...
The national income of an economy is measured as GDP of USD 5190 and GNP of USD 6220. This means that to arrive at GNP, the
Cost of issue of new shares is known as:
Which of the following ratios are basically the measures of yield or return.