Introduction: Lex Mercatoria, a Latin expression, implies a body of trading principles employed by merchants throughout medieval Europe. It translates to ‘merchant law.’ Its evolution as a custom and practice system went along through merchant courts and along main trade routes. It emphasizes entering into contracts, alienating property, shunning legal Read more…
Introduction: As per the World Health Organisation (WHO), drugs and technology facilitate health services’ efficiency, primarily when provided at affordable costs to mass populations. WHO believes that each health system must strive to achieve this objective by balancing other necessary resources to have potent, safe, and high-quality medical technology and Read more…
Introduction: Legal philosopher Lon L. Fuller wrote the Case of the Speluncean Explorers, an article first published in the Harvard Law Review in 1949. It takes the form of a fictional judgment. It lays down a legal philosophy puzzle to the reader with five possible outcomes in the form of Read more…
The Internet: Introduction The internet is one of the most prominent technological reforms of our age. It would not be wrong to say that it revolutionized human beings’ way of living like never before. Succeeding the invention of the telegraph, the telephone, the radio, and the computer, the internet outshined Read more…
Introduction: A contract is an agreement or a set of obligations that are to be fulfilled by the parties to the contract. In some situations, following the confirmation of the contract, an unforeseen situation may occur, which makes the performance of the contract impossible. The object of the contract has Read more…
Introduction: The Reserve Bank of India Act, 1934 (hereinafter referred to as the RBI Act), was first enacted by the Parliament on March 6, 1934. The Reserve Bank of India (hereinafter referred to as RBI) is empowered by its establishing Act to ensure action upon numerous issues, including rules, regulations, Read more…