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 EmmaBasics
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