Overview of Sale of Goods Act
Sale of Goods Act is an act which regulates contract or agreement related to the sale of goods. It came into force in 1930 and is divided into 7 chapters and 65 sections. Contract of Sale A contract of sale …
Contract Law
What is Doctrine of Frustration?
Abstract The performance of obligation under a may be hindered by unexpected supervening events leading to contractual uncertainties. The doctrine of frustration paves the way for a just consequence of such an unfortunate event which has happened without any fault …
Can an Individual Contract terms affect the Defence under a Force Majeure?
INTRODUCTION The word ‘Contract’ means a deal between two or more persons. In other words, the contract is an agreement between the parties, which is enforceable by the law. It is well defined under the INDIAN CONTRACT ACT, 1872. Force …
Differences Between Contract and Quasi-Contract.
A contract is an agreement between two or more parties, which is enforceable by law[1]. The contracts made between competent parties, having lawful consideration and object are called valid contracts or legitimate contracts.[2] Examples of valid contracts- the owner offers …
How To Send A Legal Notice For Breach Of Contract?
In India, all the agreements and contracts are governed by the Indian Contract Act, 1872. Often, before entering into any business relationship or service arrangement various agreements, contracts and memorandum of understanding is signed. All the agreements and contracts signifies …
What is the Minor’s Position in the Law of Contract?
[1] A minor is a person who has not attained the age of majority according to the law to which he is subject. This age has been fixed differently by different legal systems at different times, and different ages may …
Rights and Liabilities of Partners in a Partnership Firm
The partnership is a unique type of contract and is governed by the Indian Partnership Act, 1932. Section 4 of the Indian Partnership Act, 1932 states that “ ‘Partnership’ is the relation between persons who have agreed to share the …
Contingent Contracts And Its Scope in India
INTRODUCTION Contingent Contracts are very essential part of our lives, we enter into them without any choice because of how essential they have become in today’s life. One of the finest and most common example of contingent contracts is Insurances …
Rescission of Contract under Indian Contract Act
Term rescission derives from Latin word rescindere which means to revoke or to cancel, and rescind implies express and unequivocal cancellation of the contract by one party. In the law of contract, rescission can be termed as unwinding of agreement. …
Introduction of the Partnership Act, 1932
Until the last century, courts used to deal with disputes between business partners in accordance with prevalent customs and usages. However, the provision of the Partnership was contained in the Indian Contract Act,1872. But those provisions were found unsatisfactory, thus …