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These two terms are ubiquitous but yet misunderstood and are used interchangeably. The two terms are very significantly used and are...

In India, all contractual agreements are governed by the Indian Contract Act, 1872. According to this act, a contract is essentially an...

Introduction: To begin with the term contract has been defined in section 2(h) of the Indian contract act 1872. An agreement enforceable...

INTRODUCTION Contracts play an important role in our day to day life; it has entered every aspect of the society. We enter into a...

Introduction A contract to be valid under Indian Contract Act must be entered by two or more adult persons of sound mind with an...

The Indian Contract Act, 1872, regulates Indian contract law and is the most important piece of legislation in the country. Except for...

Introduction: Revocation means withdrawal of the offer. Whenever an offer/ proposal is taken back by the offeror, it is a revocation of...

In India, a contract is defined as a legally enforceable agreement that grants personal rights and imposes obligations that the law...

Introduction: The Indian Contract Act defines a contract as a legally binding agreement. Deconstructing the phrase agreement reveals that...

INTRODUCTION The first step for any proposal to become a contract is that when one person signifies his willingness to do or abstain to...

Introduction Consent is defined in Section 13 of the Indian Contract Act (ICA) as the parties' agreement, or consensus ad idem (when they...

INTRODUCTION Before knowing about rescission of contract first of all it must be known that what a contract is. A contract is nothing but...

Introduction- In layman's terms, the word 'contingent' means depending on the occurrence or non occurrence of the future event in order...

INTRODUCTION A contract to be legally enforceable it is very necessary to meet certain set of basic essentials. But even if the parties...

Introduction A contract is a combination of mutual consent and legal enforcability. The offer and acceptance are the first or initial...

Contract of Indemnity – Section 124 of Indian Contract Act defines Contract of Indemnity as a contract whereby one party promises to...

Introduction: - A contract is defined by Section 2(h) of the Indian Contracts Act 1872 as a legally binding arrangement. The Act's...