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Trade Credits: Trade credit, is the extension of the line of credit to the supplier or buyer of goods and services, i.e. between/ from one trader to another. Trade credit allows traders to pay off debt, at a later date, than previously agreed upon. To put it simply it is the concept of “Buy Now, Pay Later” It is a tool to facilitate trade and continue the flow of goods and services. It can be a method of short term working capital financing. Trade credit is extended if the following conditions prevail:- 1.       Debtor has a good reputation of liquidity/ repayment; 2.       Debtor a regular traders of goods and services; 3.       supply of goods in the market a prime concern; 4.       demand of goods in the market is high/rising; 5.       standard trade practice; 6.       mutual benefit accrued; The advantages ...

Definitions [1] : Privacy [2] : "No one shall be subjected to arbitrary interference with his privacy, family, home or correspondence nor to attacks upon his honour and reputation. Everyone has the right to the protection of the law against such interference or attacks.”   Right of Privacy: “the right of a person to go his own way and live his own life that is free from interferences and annoyances.” Violation of Privacy: “the interference of a person's right to privacy by various means such as showing photos in public” Personal Information: “Any part of information that is recorded about an individual person. Includes the name, email, address, ethnicity, race, identifying number, employment history, etc.” Data Protection: “Techniques that keep data integrity. Examples of this are file locking, record locking, database shadowing, and disk mirroring.” There is no exhaustive or all-encompassing definition of “Data Protection” in India. Thus fr...

TORT AND TORT LAW [1] : Tort as a word literally translates to “wrong”, it means deviation from the laid down or established set of conduct. In earlier times the remedy for wrongful act was the filing of the appropriate writ, thus the remedy for a wrong was a writ application. A tort is thus a civil wrong, remedy for which is, unliquidated damages under common law. Tort arises when an individual commits breach of duty imposed on him, thereby violating the rights of another individual for which an action is maintainable. The law of Torts is an ever evolving and dynamic subject. It keeps growing to cover wider base of liability. In includes large areas relating to human activities. The law of Tort is that branch of law that regulates social behaviour of human beings, it defines the rights, duties and liabilities available and to be carried out by individuals of the society. Such rights, duties and liabilities are made with due care to ensure public convenience and reasonable stand...