Basics
Offer and Acceptance Under Indian Contract Act, 1872
Contracts play an important role in our everyday life ranging from insurance policies to employment contracts. In Fact,…
August 27, 2021 · Taylor EmmaAuthor: Taylor Emma
A senior editor for The Mars that left the company to join the team of SenseCentral as a news editor and content creator. An artist by nature who enjoys video games, guitars, action figures, cooking, painting, drawing and good music.
Basics
Contingent Contract
Basing on the presence or absence of Conditions, Contracts can be classified into two groups namely; Absolute Contracts…
August 27, 2021 · Taylor EmmaBasics
Stranger to Contract
Stranger to Contract cannot sue upon the Contract – Stranger to Contract means a person who is not…
August 27, 2021 · Taylor EmmaBasics
Essentials of Consideration
Presence of consideration is one of the requisites of Valid Contract. Consideration must be of two directional nature.…
August 27, 2021 · Taylor EmmaBasics
Consideration in Contract
No Consideration, No Contract To attain Validity and to create legal relations, the Contract should be with two…
August 27, 2021 · Taylor EmmaBasics
The difference between an agreement and a contract
The terms “agreement” and “contract” are used interchangeably, but legally speaking, they are two different things. An agreement…
August 27, 2021 · Taylor EmmaBasics
Revocation of Offer
Indian Contract Act provides for revocation of the offer. The offer can be revoked as per section 5…
August 27, 2021 · Taylor EmmaBasics
Features of Valid Contract
Features of Valid Contract can be clearly known under the heads Consensus ad idem, Certainty, Free Consent, Capacity…
August 27, 2021 · Taylor EmmaBasics
Types of Contracts on the basis of Nature of Consideration
On this base, Contracts are of two types. Namely Bilateral Contracts and Unilateral Contracts. Bilateral Contracts: If considerations in…
August 27, 2021 · Taylor EmmaBasics
Kinds of Agreements in Business Law
1. Common Business Contracts2. Kinds of Agreements in Business Law There are several kinds of agreements in business…
August 27, 2021 · Taylor Emma