law of Contract

What is a Contract? Meaning and Definition of Contract

What is Contract The word contract is derived from the Latin word contractum meaning drawn together. It, therefore, denotes drawing together two or…

Meaning and Definition of "Negotiable instrument" - According to section 13 of the negotiable instrument Act 1981, A “negotiable ins…

Introduction - Section 14 to Section 17 of the Sale of Goods Act, 1930 (SOGA) deals with the provisions relating to implied Conditions an…

Introduction - Agreements create rights and duties. An agreement constituent the best evidence of justice between the parties and sho…

No Transferability Negotiability 1 Transferability is …

1) Meaning of Quantum meruit : The phrase "Quantum meruit" literary means as much as earned or as much as is merited. When a pe…

1) Introduction - Meaning and Definition of Promissory Note - Negotiable Instrument Act defines promissory note, According to Sec…

1) Introduction : Damages means compensation for the loss suffered by the aggrieved party in a breach of contract. It is very i…

1) Introduction: Breach of Contract means "non-observance of a contractual obligation", or failure to perform the Contract. …

1) Breach of Contract : Breach of contract means failure to perform the contractual obligation by either of the parties without any lawfu…

1) Introduction A contract is said to be discharged when the obligations created by it come to an end. In other words discharge of c…

Introduction According to Section 11 of the Indian Contract Act 1872, Persons of unsound mind are not competent to Contract. Uns…

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…