The Indian Contract Act 1872

Continuing Guarantee : Meaning Definition and Modes of Revocation of Continuing Guarantee

Continuing guarantee Where a guarantee extends to a series of transaction, it is called as Continuing guarantee. Chapter VIII, Sectio…

The expression 'Guarantee' literally means "assurance given by one person to another at the default of some other". In othe…

'Breach of Contract' means failure to perform the Contract and 'Remedy' which means any of the methods available at law…

According to Section 2(d) of the Indian Contract Act 1872, there are three kinds of Consideration, viz Past, Present and Future Consideration…

1) Meaning of Fraud : Fraud means dishonestly making a false (untrue or misleading) representation with a view to gain or with intention…

Free Consent is an essential element for formation of a contract . According to Section 10 of the Indian Contract Act, 1872, All agreeme…

Consideration is necessary for the formation of contract. Section 10 of the Indian Contract Act 1872 provides, " All agreements are c…

To constitute a contract there must be an offer and acceptance. Acceptance is the second stage of formation of a Contract. Section 2(b…

According to Section 10 of the Indian Contract Act, 1872, All agreements are contracts if they are made by the free consent of parties …

Void Agreements According to Section 2(g) of the Indian Contract Act, 1872 "an agreement not enforceable by law is said to b…

Yes, an offer can be revoked . According to Section 5 of the Indian Contract Act 1872, An offer or proposal may be revoked at a…

For all valid contracts, free consent of the parties is necessary but consent is said to be free when it is not caused by coercion or undue…

Meaning and Definition of Agency Agency is the Legal relationship between an Agent and Principal. In a contract of Agency, a person appo…

The term Offer is also called as Proposal. The first step in the formation of a contract is the making of a proposal. To constitute a contrac…

A ‘bailment’ is the delivery of goods by one person to another for some purpose, upon a contract that they shall, when the purpose is acco…