Who is the finder of Goods? Any person who finds the goods belonging to another person and takes the goods in his custody is the finder of goods. For Example, A found a wallet belonging to B on the road, …
What is Contract? All agreements enforceable by law is a contract[1]. In other words, only those agreements become contract which is enforceable by law or which arises a legal obligation. Thus, there are two essentials of Contract: I) Agreement II) …
A valid contract is an agreement which is binding, certain and enforceable by law. A valid contract has several essentials like offer, acceptance, lawful object, lawful consideration etc. The legal rules regarding valid contracts are as follows:- 1. Offer and …
According to the Indian majority act, 1875, a minor is one who has not completed his or her 18 years of age. Thus, a minor is a person who is below the age of eighteen years. Law relating to contracts …
Free consent is one of the essential element of a valid contract. According to section 14,” Consent is said to be free when it is not caused by (a) coercion or (b) undue influence or (c) fraud or (d) misrepresentation, …