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…
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Tag: indian contract act 1872
Definition, Essentials and Duties of Bailor and Bailee under the Indian Contract Act, 1872
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…
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Reciprocal Promises under the Indian Contract Act, 1872: Everything you need to know (Section 51 to 57)
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…
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Surety’s Liability Under the Indian Contract Act, 1857
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…
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Revocation of Proposals and Acceptance: How Revocation is made? (Section 5 & 6 of 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…
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Parties to Contract & Their Obligation under the Indian Contracts Act, 1872
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…
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