SRD Law Notes

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…

1) Introduction :         Every person is competent to contract who is of the age of majority according to the law to which he is subject, and wh…

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

Kaliaperumal Vs. Visalakshmi (1938) Fact :         In this case, a lady employed a Goldsmith for melting old jewellery to make some new orname…

What is Bailment ?                 A ‘bailment’ is the delivery of goods by one person to another for some purpose, upon a contract that they sha…

According to Section 2(e) of the Indian Contract Act, 1872, "Every promise and every set of promises forming the consideration for each…

1) Introduction               Chapter VIII, Section 129 to Section 131 of the Indian Act, 1872 lay down the provisions relating to "Continuin…

Contract of Indemnity defined under Section 124 of Indian Contract Act 1872 A contract of insurance is kind of contract of indemnity.  …

Definition of Contingent Contract  -       According to Section 31 of Indian Contract Act, 1872. A contingent contract  is a contract to do or n…

Partnership and company       Both company and partnership are the means of carrying on business and In both the relation of members is based on …

No Tort Contract 1) In tort, no privity exists or is needed as harm is always inflicted again…