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Introduction One of the most important requirements for entering into a legal contract is that both parties must have the capacity to contract. According to section 11 of the Indian Contract Act, 1972. “Every person is competent to contract who …
Introduction The right to marriage comes under the purview of Article 21, which is considered to be the heart and soul of the Indian Constitution qua it guarantees the right to life and personal liberty to ‘citizens’ as well as …
Introduction A contract can be defined as an agreement between two or more people to accomplish a certain goal while defining each party’s rights and responsibilities. In our day-to-day life Contracts play an important role, from insurance plans to labor …
Introduction On one hand, Law may be rigid on certain junctures to maintain its credibility and effectiveness. Nevertheless, on the other hand, it also considers situations wherein the interest of one party is paralyzed, or where a safeguard against losses …
Introduction The agreement in restraint of trade has avowed as the agreements made to impede a person from exercising his liberty to carry out a specific profession or business with any other people without seeking prior permission from the contracting …
Introduction Bailment and Pledge are specified as distinct types of contracts under the Indian Contract Act of 1872. Although there may or may not be a consideration involved, bailments and pledges are considered as ‘valid’ contracts or quasi-contracts (where the …
Introduction The Doctrine of holding out partnership goes back to the Partnership Act of 1890. This is also called the partnership as the estoppels. The liability of every person goes to the firm individually, but there is the formation of …
Introduction What is a Contract? A contract has been defined under Section 2 (h) of the Indian Contract Act, 1872 as: “An agreement enforceable by law.” According to Salmond, “A contract is an agreement creating and defining obligation between two or more …
Introduction: Indemnity is a legal concept, entered in the form of a contract, or mentioned as a clause in commercial contracts, wherein a party promises to the indemnified party to do good the losses arising as a consequence of the …
Introduction The term “damage” has been derived from the Latin term “damnum” which means hurt, loss or injury or damage. Damage is generally understood as any harm or loss caused either to a person or to his property because of …