Meaning and definition of Lien Lien is the right of one person to retain possession of goods owned by another until the posses...
What is bailment and What are the Duties of Bailee ?
What is Bailment? According to Section 148 of the Indian Contract Act, 1872 A ‘bailment’ is the delivery of goods by one person to...
Distinction / Difference between General Lien and Particular Lien
What is Lien ? Lien is the right of one person to retain possession of goods owned by another until the possessor's claims aga...
Revocation of Proposal (Offer)
The term 'Proposal' is also called 'Offer'. Proposal / Offer is the starting point for the formation of any Contract. ...
What is a sound mind for the purposes of contracting ?
1) Introduction : Every person is competent to contract who is of the age of majority according to the law to which he is subjec...
Duties and Liabilities of Bailor (Indian Contract Act 1872)
Introduction : A ‘bailment’ is the delivery of goods by one person to another for some purpose, upon a contract that the...
Rights and Duties of Agent (Agency: Indian Contract Act,1872)
Introduction : An “agent” is a person employed to do any act for another, or to represent another in dealing with third ...
Continuing Guarantee and Revocation of Continuing Guarantee
1) Introduction Chapter VIII, Section 129 to Section 131 of the Indian Act, 1872 lay down the provisions relating to "...
Contract of Indemnity
Contract of Indemnity defined under Section 124 of Indian Contract Act 1872 A contract of insurance is kind of contract of inde...
Contingent Contracts
Definition of Contingent Contract - According to Section 31 of Indian Contract Act, 1872. A contingent contract is a contract to...
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: ...