1 - legal principles and international law Flashcards
what is the purpose of civil law
to provide redress
what does claimant and defendant mean
claimant is the person bringing the case, the defendant tries to defend this
how does primary legislation take form
Acts of Parliament
what is codifying legislation
where legislation puts case law on a statutory basis
what is consolidation legislation
when existing legislation with a series of amendments is put into one act
what is another term for secondary legislation
delegated legislation
what is secondary legislation
when a specific body creates laws in accordance with an act
what does judicial precedent mean
the principles of law should be consistent with time
what are the four cases when UNCISG does not apply
where labour is a major part of the contract
where the buyer provides most of the materials
where the goods are sold by auction
where the goods are bought for personal/household use
when does risk pass when carriage is included
at the place in the contract, or when goods are transferred to the first carrier
when does risk pass when carriage is not included
when the buyer takes over the goods
what are incoterms
standard terms of trade established by the international chamber of commerce
what is the most and least inclusive incoterm
ex-works (seller just makes goods available)
delivered duty paid (everything)
what is riba
concept of unlawful gain (interest)
how do loans work under islamic finance
the bank purchases the asset then sells it to the customer on a payment plan
