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Introduction The Indian Contract Act determines under Section 2 the definition of the word “contract” (h). According to the section, a contract is a law-enforceable arrangement. Thus, for the creation … Read More
Introduction The parties enter into a contract with their respective obligations to be performed. When the obligations are performed the contract comes to an end and the parties will be … Read More
Free Consent What is consent? Indian Contract Act, 1872 mainly deals with the provisions related to contracting and is a parent law from which many other civil laws over time … Read More
DEFINITION: Damages are monetary compensation allowed to the injured party by the court for the loss or injury suffered by him by the breach of contract. The object of awarding … Read More
Remedies for the Breach of Contract: Remedy means course of action available to an aggrieved party when other party breaches the contract. Remedies for Breach of contract Rescission of contract … Read More
Discharge of a contract means termination of contractual relation between the parties to a contract in other words a contract is discharged when the rights and obligations created by it … Read More
QUASI CONTRACT[Contracts implied in law or implied contract] Quasi contract means a contract which lacks one or more of the essentials of a contract. Quasi contract are declared by law … Read More
MEANING OF CERTAIN TERMS (Sec. 126) UNDER INDIAN CONTRACT Meaning of ‘contract of guarantee’A ‘contract of guarantee’ is a contract to – Perform the promise; or Discharge the liability, of … Read More
INTRODUCTION TO CONTRACT OF INDEMNITY Indemnity Meaning – To make good the loss incurred by another person To compensate the party who has suffered some loss To protect a party … Read More
MEANING OF CONTRACT OF BAILMENT (Sec. 148) A bailment is the delivery of goods by one person to another for some purpose, upon a contract that they shall, when the … Read More
