The term Offer is also called as Proposal. The first step in the formation of a contract is the making of a proposal. To consti...
A Contract Without Consideration is Void- Exceptions
Consideration is one of the most essential element to constitute a contract. Consideration means "something in return"...
Classification of Contracts
Introduction : Sectio 2(h) of the Indian Contract Act Defines Contract as "An agreement enforceable by law is a contract.&q...
Mandatory Injunction
An injunction is a judicial process whereby a party is ordered to refrain from doing or to do a particular act or thing. ...
Difference / Distinction Between Wagering Agreement and Insurance Contract
Insurance Contract is not a wagering agreement but it is like wagering agreement. Both, Insurance Contract and wagering agreement...
Essential elements of Wagering Contract
The term ‘wager’ literally means ‘bet’. Wagering Contract is one by which two persons, professing to hold opposite ...
What are the cases in which Specific Performance of Contract are enforceable ?
Specific Performance : According to Halsbury Specific performance is and equitable relief given by the court in case of breach of ...
Who can obtain the Specific Performance ?
A contract is an Agreement which is enforceable by law. Consideration is one of the essential element of a valid Contract. From e...
What are the Rights of Purchaser ?
Rights of Purchaser : According to Section 13 of the Specific Relief Act 196 where a person contracts to sell or let certain im...
What are the Essential Elements of a Valid Contract ?
The word ‘Contract’ is derived from the Latin term ‘Contractum’ which means “drawn together”. According to Section 2(h) of th...
Communication of the Acceptance
An acceptance to be valid and legally binding, it must be communicated to the offeror. According to Section 2(b) When a person ...
Revocation of Acceptance
1. Acceptance Acceptance of Offer / Proposal is very essential for formation of a contract . According to Section 2(b) of the In...
When an instrument can be rectified and who may claim rectification ?
Rectification is the correction of a document if it does not correctly express the common intention of the parties to it.Convey...
Essential Elements of Contract of Sale
1) Meaning & Definition According to Section 4(1) of the Sale of Goods Act 1930, A contract of sale of goods is a contract whe...
Meaning, Definition and Kinds of Goods
Meaning and Definition of Goods According to Section 2(7) of the Sale of Goods Act, 1930 "Goods" means every kind...
What are the Kinds of Injunctions ?
An Injunction is a judicial process whereby a party is ordered to refrain from doing or to do a particular act. Injunction i...
Essential Elements of Agency
1.Meaning - In a contract of Agency, one person appoints another to act on his behalf. The person who appoints is called '...
Rights of Bailor
Bailment . A ‘ bailment ’ is the delivery of goods by one person to another for some purpose, upon a contract that they sha...
See Also..
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1) Consider the following statements : A) Every promise is an agreement. B) Every agreement is a contract. C) A contrac...
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1) Which one of the following element is not necessary for a contract ? A) Competent parties B) Reasonable terms and condition...
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1) Give correct answer : A) Void agreements are always illegal. B) Illegal agreements are always voidable . C) Illegal a...
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Computer is an important part of an accounting system. Computerized accounting systems are important to business in various...
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Advantages of Law - There are many Advantages of law... some of the them are as follows : 1) Uniformity and Certainty: ...