Introduction The Doctrine of Caveat Emptor is a Latin phrase that literally translates as ‘let the buyer beware.’ It means that during a transaction, the buyer must ascertain himself with the quality of the thing that he is purchasing as …
The Need of Contractual Obligations In this modern era, almost every transaction between two or more parties is often looked upon with suspicion and concern. The parties remain uncomfortable during the long negotiations and enumeration of conditions in the fear …
Terminology and Meaning There are various Latin words and phrases used in the legal terminology. Almost everyone in the legal field comes to make use of Latin terms at some point. One such Latin maxim is nemo dat quod non …
Introduction: The Latin maxim “Ubi jus ibi remedium” signifies that “where there is right, there is remedy”. This maxim is given power in the constitution of India under Article 32. A contract, which is a wellspring of correlative sets of …
INTRODUCTION Through this article author has attempted to elucidate the concept of “an invitation to offer”. Having said that, certain transactions have an added preliminary stage whereby one party to the agreement invites another party to make an offer and …
What is a Contract? An agreement enforceable by law is termed as a “contract” and is governed by the Indian Contract Act, 1872 (hereinafter referred as “ICA”). An agreement is a contract, only if it is entered with the free …
Introduction: The contract is an inevitable aspect of every single person’s life. We engage in contracts in all spheres of our lives, regardless of whether we realize it or not. For example, we have phones, and we check emails regularly, …
Introduction: Scope & Objectives: Commercial laws are meant to ease the smooth functioning of trade and commerce. The Sale of Goods Act, 1930, a mercantile law of the British period, was enacted on 1st July 1930. Before the existence of …
Introduction Anticipatory breach of contract refers to the cases involving the breach of the contract before the due date of the performance of the contract. This type of breach occurs when one of the parties to the contract, indicates to …
Section 71 of the Indian Contract Act, 1872 deals with the finder of goods. A finder of goods means a person who finds goods that belongs to another and place them into his custody. The finder of the goods holds …