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Q.

On which date law day is celebrated in india and its reasons

Tags: money, politics & government, law & legal
Asked by shaikh uddin, 26 Nov '11 10:36 am
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Answers (5)

1.

The date prescribed in a bond, mortgage, or deed for payment of the debt; the maturity date. May 1st, observed in schools, public assemblies, and courts, in honor of our legal system.

In regard to real property, the law day is the final date fixed by the court on which the debtor can pay off the mortgage debt, redeem the real estate, and prevent it from being sold after foreclosure proceedings are commenced.

The definition of law day, also known as law date, varies from jurisdiction to jurisdiction. Some states define law day as the actual due date of the mortgage or any day thereafter until foreclosure, while others view the date of foreclosure and law day as synonymous. In some jurisdictions, the day fixed in the contract for the closing of title is the law day.
Answered by LIPSIKA, 26 Nov '11 10:43 am

 
  
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2.

The Indian Constitution was adopted by the Constituent Assembly on 26 Nov, 1949. Thirty years after, the Supreme Court Bar Association declared November 26th as the National Law Day. Thereafter, every year, Nov 26th is celebrated as the Law Day, all over India.
Source: http://www.probondins.com/
Answered by Probondins, 23 May '12 03:31 pm

 
  
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3.

Today,
NOVEMBER 26
Answered by klm, 26 Nov '11 12:50 pm

 
  
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4.

NOVEMBER 26, the date on which "we, the people" adopted the Constitution in 1949, is observed as the Law Day in India.
Answered by PARTHA PATHAK, 26 Nov '11 10:43 am

 
  
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5.

I do not know about india, but on May 1 the United States celebrates Law Day, U.S.A.. It is meant to reflect on the role of law in the foundation of the country and to recognize its importance for society.
Answered by dhanendra kumar jain, 26 Nov '11 10:38 am

 
  
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