Business Law: Concepts and Theories Caveat Emptor Caveat emptor (Latin term) means “let the buyer beware”. It means the buyer is responsible if the product fails to meet expectations or has some defects. This doctrine places the responsibility on buyers to reasonably examine the product/service before accepting it and take responsibility for its condition. The […]
Business Law
What is Droit Administration? Principles, Conseil d’État and Drawbacks
What is Droit Administration? Droit Administration is a unique characteristic of the administrative setup of France. According to British Jurist Albert Venn Dicey (4th Feb 1835 – 7th April 1922), the Droit Administrative system is based on the following of two ordinary principles, namely: The government and its every servant possesses special rights, privileges and […]
Various Methods of Settlement of Disputes
There are various ways of settling disputes, besides going to court. In India, it takes years for settlement of disputes as India courts already have a long list of pending cases. The good thing is that people can now opt for other methods of settling disputes. Arbitration is a procedure in which two or more […]
Right to Information Act (RTI) – Business Law (Management)
Right to Information (RTI) is an Act of the Parliament of India to provide for setting out the practical regime of right to information for citizens and replaces the erstwhile Freedom of information Act, 2002. Under the provisions of the Act, any citizen of India may request information from a “public authority” (a body of […]
UNCITRAL Model Law
What is UNCITRAL Model Law? UNCITRAL stands for United Nations Commission on International Trade Law. It was established by the United Nations General Assembly on 17 December 1966. UNCITRAL plays an important role in developing that framework needed for progressive harmonization and modernization of the laws of international trade. It does so by preparing and […]
Indian Information Technology (IT) Act
Information Technology Act – Indian IT Act . Introduction After the United Nations adopted the UNCITRAL Model Law on E-Commerce, India passed the Information Technology Act 2000 in May 2000 and notified it for effectiveness on October 17, 2000. The Information technology Act 2000 has been substantially amended through the Information Technology Amendment Act 2008. […]