Parties to Contract & Their Obligation under the Indian Contracts Act, 1872
What are the parties to contract? Every contract must have at least two parties to a contract i.e. offeror and acceptor, also referred to as…
View ArticleRevocation of Proposals and Acceptance: How Revocation is made? (Section 5 &...
The Indian Contract Act defines Contracts as an agreement enforceable by law. If we deconstruct the term agreement, it necessarily involves free consent of…
View ArticleSurety’s Liability Under the Indian Contract Act, 1857
A contract of guarantee is a special contract and is defined under section 126[i] of the contract act, wherein one party promises to discharge the…
View ArticleReciprocal Promises under the Indian Contract Act, 1872: Everything you need...
Under the contract act when the proposal is accepted it is known as a promise. The reciprocal promise means promises which form the consideration or…
View ArticleDefinition, Essentials and Duties of Bailor and Bailee under the Indian...
Bailment in simple words means delivering goods to a particular person without transfer of ownership. It is a technical word or term in common law…
View ArticleWhat is Communication & modes of Communication under the Indian Contract Act?
According to Section 2(h) of the Indian Contract Act 1872, An agreement enforceable by law is a contract. Before a contract comes into existence promisor…
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