Define Mala in Se and Mala Prohibita

question 60

Essay

Define mala in se and mala prohibita.Discuss the differences between these two types of acts and give examples of each.

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Definitions:

Security Interest

A lawful assertion or encumbrance on property used as security, often aimed at guaranteeing loan repayment.

Trustee in Bankruptcy

An individual or entity appointed to oversee and administer the estate of a bankrupt entity to ensure fair distribution of assets to creditors.

Default

Failure to fulfill a legal obligation, especially failing to make required payments on a loan.

Secure Transaction

A transaction that is safeguarded through the use of security measures to prevent unauthorized access, ensuring the integrity and confidentiality of the data exchanged.