Discuss the Pros and Cons of the Recent Introduction and Expansion

question 11

Essay

Discuss the pros and cons of the recent introduction and expansion of stock markets in the developing countries.

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Definitions:

Disaffirmance

In contract law, the right of a party to renounce a contract to avoid legal obligations, typically used in cases involving minors or instances of fraud.

Majority

The age at which a person is considered an adult and has the legal rights and responsibilities of an adult, or a more than half portion of a group.

False Representation

An untrue statement of fact made by one party to another, which induces the latter to enter into a contract.

Consideration

An essential element in contract law, referring to something of value exchanged between parties.