MORTGAGES
MORTGAGES

MORTGAGES

A mortgage is a legal or equitable conveyance of title as a security for the payment of debt or the discharge of some other obligation for which it is given, subject to a condition that the title shall be reconvened if the mortgage debt is liquidated. The…

CLASSIFICATION OF MEETINGS
CLASSIFICATION OF MEETINGS

CLASSIFICATION OF MEETINGS

Meetings can be classified into two; public and private meetings Public meetings are those to which the generality of the public have access. Such meetings will, in the nature of things, be concerned with matters of public interest. Private meetings are those to which persons are admitted…

RATIFICATION OF THE AUTHORITY OF AN AGENT
RATIFICATION OF THE AUTHORITY OF AN AGENT

RATIFICATION OF THE AUTHORITY OF AN AGENT

If an agent has no authority to contract on behalf of a principal or exceeds such authority as he has, the contract is not binding on the principal. The principal may, however, afterwards confirm and adopt the contract so made; this is known as ratification. The effect…

AGENCY
Agency

AGENCY

An agent is a person who is employed for the purpose of bringing his principal into contractual relations with third parties . The agent does not make contract on his own behalf and consequently it is not necessary that he should have full contractual capacity. A minor…

SIZE OF GOVERNMENT VS. COST OF GOVERNANCE
SIZE OF GOVERNMENT VS. COST OF GOVERNANCE

SIZE OF GOVERNMENT VS. COST OF GOVERNANCE

It is no longer strange news that the global economy have fallen on turbulent and tultmoutous times due to the Corona virus pandemic which has a disruptive effect on the global economy. In the same manner, the economy of Nigeria has equally fallen on difficult times with…

The Nile River
The Nile River

The Nile River

Today, this river is the source of conflict between Egypt and Ethiopia as regard it usuage. It should be highlighted that the river passes through three major countries namely , Ethiopia, Sudan and Egypt although the lead waters can be traced to Burundi, Tanzania and Uganda. Ethiopia…

Cape Verde Island

Cape Verde Islands, is a group of ten inhabited islands which lie much farther than the Canaries. Are they within the tropical lands ? Yes of course , they are within the tropics lying roughly between latitudes 14 and 17 and they lie about 720 kilometers from…

Defamation

Defamation is concerned with injury to reputation resulting from words written or spoken by others. The full import of a defamatory statement is that it tends to lower the reputation of the plantiff in estimation of right thinking members of society generally; or to expose him to…

BLACK MARKET

Black market is a nomenclature for the sale of products beyond the recommended price. For example in Nigeria, government regulates the price for the sale of petroleum products and there is an expected margin practitioners are expected to make from their investment. The logic behind government interference…

PRICE MECHANISM

The allocation of the factors of production in a perfect market is not done through government regulations but by the forces of demand and supply known as the price Mechanism. Reduced to basics, the price mechanism is an economic pragma in which the individual as the controller…

THE YORUBA’S

The Yoruba speaking peoples of West Africa are close to forty million people and are concentrated on the South Western Nigeria spanning from Lagos, Ogun, Ondo, Osun, Edo, Kogi and Kwara states. Yoruba claim a common ancestor in Oduduwa, although there are some varying account of the…

KOLA

KOLA nut is a caffeine containing fruit, which is widely used as a stimulant in most parts of West Africa. There are two species of kola, cola acuminata (Abata) and Cola nitida (Gbanja) both of which are natives of the forest of West Africa. In many part…