Category: Legal Parlance
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N.B. This article is particular to Nigeria. Obligations in Agency Wondering what obligations exist in an agency relationship? This post is about obligations of Agency. The relationship between a principal and agent is essentially consensual. Where an agent has agreed to serve as the agent of the principal and the principal has equally given his…
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N.B. This article is particular to Nigeria. Ratification Would you like to know what ratification in commercial law is all about? Well, keep reading. In discussing the creation of agency relationship, we often describe a situation where the agent has antecedent authority. On the other hand, there may be no antecedent authority, yet the agent…
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Citizenship Under the Nigerian Constitution, 1999 A citizen may simply be said as a true and legal member of a society or state. Citizens of a given state enjoy specified rights and privileges, and may be held responsible to perform certain duties, towards the peaceful coexistence and development of such state. As denotable from the…
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Human Rights Under the 1999 Constitution The fundamental rights of the citizens of the Federal Republic of Nigeria are contained in Chapter (II) and (IV) of the Country’s constitution, 1999. The chapter II is titled, “Fundamental Objectives and directive Principles of State Policy”. The ‘rights’ contained therein are known as Social-economic rights. However, these rights…
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Differences Between an Agreement and a Deed The above mentioned topic is very germaine especially when dealing with people that has little or no knowledge of law. It will also be important to consider when it will be necessary to use any of these instruments or documents as the case may be. AGREEMENT An agreement…
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N.B. This article is particular to Nigeria. Capacity to Contract Capacity to contract, simply put and given a stringent elucidation, is the competence or ability that a person has to enter into a contract. It looks beyond the purpose of the contact. Capacity to contract is the legal competence or legal ability of a person to validly…
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N.B. This article is particular to Nigeria. Exception Clause in Contract An exception or exclusion clause is a contractual stipulation purporting to exclude the liabilities of one of the parties in the contract. In exception clause, one party to a contract seeks to keep his right but reduces his obligation. Where a standard form of contract is…
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N.B. This article is particular to Nigeria. TERMS OF CONTRACT After the preliminaries of Negotiations, which culminated into offer and acceptance with the requisite intention to create legal relations, the next important thing is the main body of the contract. The terms are items that are well articulated and agreed upon by the parties. Whether a contract…
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N.B. This article is particular to Nigeria. Intention to Create Legal Relations Arguably, this is also one of the elements of contract. The parties must have intended to enter into a legally binding arrangement before such contract can be enforceable, otherwise, the court will lack the jurisdiction to entertain such matter. Professor Williston argued that animus contrahandi…
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N.B. This article is particular to Nigeria. Promissory Estoppel in Contract This doctrine is to the effect that when a party by his word or conduct makes a promise to another party with the intent to be acted upon by that other party, and in fact, acted upon, the promisor will not be allowed to go back…