PRINCIPLE: Where there is transfer of ownership of one thing for the ownership of some other thing it is called exchange; while transfer of ownership for consideration of money is called sale, whereas, without consideration it becomes gift. FACTS: 'A' transfers his house worth Rs. 50 Lakhs to 'B' for a shopping building worth the same amount, as consideration, from 'B'.

PRINCIPLE: Under the Transfer of Property Act, 1882 a property must be transferred by one living person to another living person. The Act deals only with transfer of property between living persons. FACTS: 'X' wants to transfer his property to the presiding deity in a temple situ…

PRINCIPLE: One of the principles of natural justice Nemo judex in causa sua, which means that no one should be a judge in his Own cause. In other words, no person can judge a case in which he has an interest. FACTS: 'X', a member of the selection board for a government service, w…

PRINCIPLE: Where a person fraudulently or erroneously represents that he is authorized to transfer certain immovable property and professes to transfer such property for consideration, such transfer shall, at the option of the transferee, operate on any interest which the transfe…

PRINCIPLE: Strike is a collective stoppage of work by workmen undertaken in order to bring pressure upon those who depend on the sale or use of the products of work; whereas, lock-out is a weapon in the hands of the employer, similar to that of strike in the armoury of workmen, u…

PRINCIPLE: When an act which would otherwise be a certain offence, is not that offence, by reason of the youth, the want of maturity of understanding, the unsoundness of mind or the intoxication of the person doing that act, or by reason of any misconception on the part of that p…

PRINCIPLE: Trade dispute means any dispute between employers and workmen or between workmen and workmen, or between employers and employers which is connected with the employment or non-employment, or the terms of employment or the conditions of labour, of any person. Disputes co…

PRINCIPLE: Nothing is an offence by reason that it causes, or that it is intended to cause, or that it is known to be likely to cause, any harm, if that harm is so slight that no person of ordinary sense and temper would complain of such harm. FACTS: 'X' takes a plain sheet of pa…

PRINCIPLE: 'Wrongful gain' is gain by unlawful means of property to which the person gaining is not legally entitled. 'Wrongful loss' is the loss by unlawful means of property to which the person losing it is legally entitled. FACTS: 'X' takes away Y's watch out of Y's possession…