According to Section 2(h) of the Indian Contract Act 1872, An agreement enforceable by law is a contract. Before a contract comes into existence promisor…View More What is Communication & modes of Communication under the Indian Contract Act?
Bailment in simple words means delivering goods to a particular person without transfer of ownership. It is a technical word or term in common law…View More Definition, Essentials and Duties of Bailor and Bailee under the Indian Contract Act, 1872
Under the contract act when the proposal is accepted it is known as a promise. The reciprocal promise means promises which form the consideration or…View More Reciprocal Promises under the Indian Contract Act, 1872: Everything you need to know (Section 51 to 57)
A contract of guarantee is a special contract and is defined under section 126[i] of the contract act, wherein one party promises to discharge the…View More Surety’s Liability Under the Indian Contract Act, 1857
The Indian Contract Act defines Contracts as an agreement enforceable by law. If we deconstruct the term agreement, it necessarily involves free consent of…View More Revocation of Proposals and Acceptance: How Revocation is made? (Section 5 & 6 of Indian Contract Act, 1857)
What are the parties to contract? Every contract must have at least two parties to a contract i.e. offeror and acceptor, also referred to as…View More Parties to Contract & Their Obligation under the Indian Contracts Act, 1872