Meaning of Contract
jurispost.com Section 2 (h) of Indian Contract Act, 1872 defines ‘Contract’ “An agreement enforceable by law is called as contract.” Contract = Agreement + Enforceability The key components of this definition…
Law of Contract
Revocation of Proposals and Acceptances
Section 5 of Indian Contract Act, 1872- Revocation of proposals and acceptances Revocation of proposals “A proposal may be revoked at any time before the communication of its acceptance is…
Types of Offers in Law
The Indian Contract Act, 1872 recognizes several different types of offers in law, each with its own characteristics: 1- Express Offer: This is a clear and direct communication of a…
Difference between Specific offer and General offer
In contract law, the distinction between a specific offer and a general offer is significant, as it affects how the offer is communicated, accepted, and enforced. Here’s a breakdown of…
Offer and its Elements
Section 2(a) of the Indian Contract Act, 1872, says “When one person signifies to another his willingness to do or to abstain from doing anything, with a view to obtaining…
Termination of Agency-Indian Contract Act of 1872
The Indian Contract Act of 1872- Termination of Agency-Indian Contract Act It does not contain specific provisions for the termination of agency relationships. However, an agency relationship can be terminated…
Communication When Complete Section 4 Indian Contract Act, 1872
Communication When Complete Section 4 Indian Contract Act, 1872. The communication of a proposal is complete when it becomes to the knowledge of the person to whom it is made.…
Six Differences between Contract of guarantee and contract of Indemnity
The Indian Contract Act defines both Contract of Guarantee and Contract of Indemnity as separate and distinct legal concepts. Here are the six differences between these two types of contracts:…
The Contract of Indemnity and contract of guarantee, Indian Contract Act 1872
Contract of Indemnity The Indian Contract Act defines a contract of indemnity as a contract in which one party (the indemnifier) promises to compensate the other party (the indemnified) for…
Relation of Principal/Agent, Sub-Agent and Substituted Agent, Indian Contract Act 1872
The relationship between principal, agent, sub-agent, and substituted agent is often seen in the context of agency law. Let’s break down each term and explain their relationships: 1- Principal: A…