Question
What does the term "Vis Major" or "Act of God" primarily
signify in legal contexts?Solution
Vis major is a Latin term that means "superior force" and describes an irresistible natural occurrence that causes damage or disruption and that is neither caused by nor preventable by humans—even when exercising the utmost skill, care, diligence, or prudence. The gist of Vis Major or an Act of God it is just not the positive intervention of superior forces that absolves one of liability but more importantly that it is an inevitable, unpredictable and unforeseeable actions of superior forces that occur without human intervention.
Which of the following is true about Neo banking in India?
Â
Statement 1: Neo banks are digital-only banks that operate exclusively ...
What new regulatory framework did SEBI introduce to redefine market capitalization computation for listed companies?
Which committee's recommendations form the basis of the modern Working Capital Assessment under the turnover method in India?
Under which of the following type of guarantees, the banker guarantees payment of installments spread over a period?
Which country is projected to have the highest per-capita income growth in the world at 5.4 per cent per annum during 2024-33, according to a report by ...
Which of the following is NOT a benefit of career development and management systems for managers?
As per the RBI’s updated directions, what is the maximum permissible tenor for Non-Convertible Debentures (NCDs) issued by eligible participants?
What does the abbreviation "AIS" stand for in the context of Indian Income Tax?
Which of the following best describes a "bulge bracket" investment bank?
Who among the following can issue Certificate of Deposits to raise short term resources?