The Legal Edge

STOCK CONTROL What is stock control and why does it matter? Stock is the total merchandise kept on hand by a merchant, commercial establishment, warehouse or manufacturer for production or sales, and can be categorised as: raw materials and components, finished goods, work in progress and consumables Stock control is the activity of checking an undertaking’s stock and includes various aspects of controlling the amount of stock on shelves and in the stock room, and also how reordering is done To do this, there should be a management report indicating what has been sold, how quickly it was sold and its prices . Features of a stock control system are : (i)  Ensuring the products on the shelf in the shops are in the right quantity; (ii) Recognising when a customer has bought a product; (iii) Automatically establishing when more products should be put on the shelf from the stockroom; (iv) Reorderingstockattheappropriatetimefromthemainwarehouse;and (v)  Coming up with management inf...

  ROLE OF THE VENDORS/SELLER ADVOCATE IN PROPRIETARY TRANSACTIONS   These are legal representatives whose main function is to act in liaison between the property seller and the selling agent; his duties include that. Prepares agreements and also titles agreements . After the agreement of sale between the parties, the consent document is taken to the advocate so as he may authenticate by putting a signature and a stamp on the agreement. The transfer is usually prepared by the purchaser's advocate and approved by the vendor's advocate. The agreement for purchase should be signed by both parties wholly. Additionally, personal documents of identification are mandatory for this conveyance to be completed.   By preparing title agreements, this means that the advocate must approve the transfer; this is done when the vendor sighs the sale agreement, after which his advocate verifies the documents accompanied by the deposit cheque of evidence of payment. I...

The legal procedure of transferring an ownership interest in real property from one party to another is referred to as conveyancing ,   A Conveyance here means the legal drafting written instrument such as a deed or a lease that transfers legal title of a property from the seller to the buyer stating the agreed up on price  and date of actual transfer as well as the obligation and responsibilities of both parties . There are three critical elements of conveyancing,   there has to be the process,   the legal title and,   the transfer of modification . Examples of such conveyance instrument are inclusive, Lease ,Mortgages and Charges,  Easement, Assent, Re-conveyance  among other tools. In Kenya, conveyancing started back in the medieval times. There exist certain legislations that which governs conveyancing in Kenya, note that some of this acts are repealed but they are still operational. The Crown Ordinance, The lands Titles Act, Registration of Title...

GATT 1994 had fostered cooperation through its principles such as non-discrimination principle . The elimination of discrimination has played a fundamental role in international trade and investment relations. Non-discrimination of foreign nationals, goods, services and investments operates on two levels: equal treatment on the international level by extending benefits granted to one state to trade or investment relations with another state. This is known as most-favoured-nation treatment. The application of most-favoured-nation treatment depends on the scope of its application and context.   Another level is in relation to equal treatment in a domestic context by granting national treatment to nationals, goods, services and investment of other states. According to article III: 4 of the GATT provides national treatment for foreign products: The products of the territory of any contracting party imported into the territory of any other contracting party shall be accorded treatment...